About This Property
AFFORDABLE FULL DUPLEX IN RUTLAND SOUTH! 0.22 ACRE (9,583 SQFT) FLAT, FULLY SERVICED LOT in the heart of Rutland South, offering 83 FT OF FRONTAGE and 114 FT DEPTH—a PRIME candidate for future redevelopment. Zoned MF1 (Infill Housing)—formerly RU7—this property allows for UP TO 4 DWELLING UNITS (townhomes, duplex + carriage homes, or multi-unit configurations) up to 3 STOREYS, making it an IDEAL LAND ASSEMBLY or small-scale development play within Kelowna’s Core Area. This lot appears to fit the requirements for the fast-track infill “Field House 5” program, presenting a potential streamlined path to redevelopment. INVESTORS: Solid holding property with $3,300/MONTH INCOME ($1,650/SIDE + utilities) while you plan your build. Key upgrades include: Electrical upgrades (2024 – both sides), Hot water tanks (2024 – both sides), Full Roof replacement (2016/2020) The duplex offers functional layouts on both sides: 145: 2 beds up + 2 beds down, spacious living, unfinished rec space 147: Similar layout with 3 UPDATED LOWER BEDROOMS featuring new drywall, flooring, and LED lighting END USERS & LARGE FAMILIES: Perfect for multi-generational living, mortgage helper potential, or holding long-term in a rapidly densifying neighborhood. Located on a QUIET CUL-DE-SAC, just minutes to transit, schools, shopping, and amenities, this is a STRATEGIC ACQUISITION with immediate income and long-term upside. HOLD. DEVELOP. PROFIT. (id:64973)
At $361 per square foot, this property in Rutland South, Kelowna, is priced competitively compared to the city's average of $400 per square foot for single-family homes. With its 0.22-acre lot and zoning that allows for up to four dwelling units, this property presents an attractive redevelopment opportunity for small-scale developers or investors seeking to capitalize on Kelowna's growing demand for infill housing.
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