About This Property
Rare opportunity to acquire a contiguous 5-lot land assembly totalling 1.05 acres in the heart of Rutland Urban Centre. Zoned UC4, this site supports high-density mixed-use or multi-family development aligned with the City of Kelowna’s OCP. Approximate FAR of 2.25 allows for significant buildable potential (buyer to verify). Strategically located directly beside the Rutland Transit Exchange, offering exceptional walkability and transit-oriented development potential. Strong frontage along Dougall Road N with rear lane access provides efficient site configuration for future development. All five properties are currently improved with residential dwellings, offering holding income while development plans are pursued. Centrally located within minutes to UBC Okanagan, Kelowna International Airport, major shopping, schools, and key amenities. Addresses: 225, 235, 255, 265, 275 Dougall Road N. A rare chance to secure scale in one of Kelowna’s designated growth corridors. (id:64973)
The property is priced at $787 per square foot, which is slightly above the Kelowna market average of $667 per square foot for similar sized homes, indicating strong demand in the Rutland Urban Centre. This multi-lot assembly presents an excellent opportunity for developers seeking to capitalize on the area's transit-oriented zoning and high-density potential, making it an attractive investment for those with the resources to undertake a sizable project.
Property Details
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