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331-351 Phipps Crescent, Kelowna

Property Description

Rare opportunity to own a beautifully-maintained, FULL duplex in a quiet, family-friendly Rutland neighborhood with no strata fees! Built in 1995, this solid 2-storey property offers excellent rental income and future potential. Each side features 1,534 sq ft (3,068 total), 3 bedrooms and 2.5 bathrooms. The main floor includes a spacious kitchen, living room, powder room, laundry, and primary bedroom with ensuite. Upstairs you'll find two generous bedrooms and a full bathroom with skylight. Each unit enjoys its own private yard, separate entry, driveway parking, and secured garage space. Plenty of room for multiple vehicles or even a workshop. The location is fantastic: 10-minute bike ride to Ben Lee Park, walking distance to Rutland Elementary, Rutland Middle School, and Rutland Senior Secondary. Rutland Activity Centre, YMCA, Rutland Arena and local dog park are all nearby. Steps from transit, minutes to shopping, 15 min. to UBCO and Kelowna International Airport, 10 min. to the lake and waterfront parks, 45 min. to Big White. Currently generating strong rental income with excellent long-term tenants paying $3,200/month+ each on month-to-month leases. Perfect for investors seeking steady cashflow or owner-occupiers looking to live in one side and offset their mortgage (proper notice required under RTA). Potential for future stratification - buyer to verify with city. A solid investment in a vibrant, growing neighborhood. Newly-listed at a great price! (id:43014)

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Full Address:
331-351 Phipps Crescent, Kelowna, British Columbia
Price:
$ 1,200,000
MLS Number:
10368948
List Date:
November 10th, 2025
Neighbourhood:
Rutland North
Lot Size:
0.2 ac
Year Built:
1995
Taxes:
$ 5,844

Property Details

Bedrooms:
6
Bathrooms:
5
Appliances:
Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, Microwave
Flooring:
Laminate, Carpeted
Air Conditioning:
See Remarks
Heating:
Baseboard heaters

Interior Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Unknown
Exterior:
Vinyl siding
Garage:
Attached Garage
Garage Spaces:
1
Ownership Type:
Freehold
Taxes:
$ 5,844

Building Features

Finished Area:
3068 sq.ft.

Floors

Lot Size:
0.2 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Agent: Luke MenkesOffice: Real Broker B.C. Ltd

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Rare opportunity to own a beautifully-maintained, FULL duplex in a quiet, family-friendly Rutland neighborhood with no strata fees! Built in 1995, this solid 2-storey property offers excellent rental income and future potential. Each side features 1,534 sq ft (3,068 total), 3 bedrooms and 2.5 bathrooms. The main floor includes a spacious kitchen, living room, powder […]
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331-351 Phipps Crescent, Kelowna

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