OPPORTUNITY FOR DEVELOPERS to purchase 2 lot land assembly, a total of 0.44 acres a multifamily development site zoned under UC. This corner lot land assembly is located in Rutland Central, close to Hwy 97. Currently, The 2 homes are tenant occupied and generating current rent of $9,340! This 6 storey multifamily building will provide 56 homes comprising a 2.10 FAR on 45,933 Sqft. Bonus FAR available up to 2.50 FAR. Distance to UBC Okanagan is around 7 min and 8 min to Kelowna Airport. LAND ASSEMBLY: 2 LOTS: 545 Froelich Rd (10303615) and 425 Leathead Rd. (id:43014)
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Rutland offers affordable properties for investors, first-time buyers, and growing families with its wide selection of lot sizes, residential amenities, numerous schools and convenient central location. The local Mission Creek Greenway is one of Rutlands most attractive features, offering a beautiful trail that runs through the area and connects to Mission Park by Orchard Park Mall. Nothing is far from Rutland: Downtown, Okanagan Lake, shopping, and reaction centers are all just minutes away, making this one of the most convenient and accessible neighbourhoods in Kelowna.
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