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520 Rutland Road North, Kelowna

Property Description

Rare opportunity to purchase a double road front/back access, development site located on a prime central location in Rutland. The property generates rental income plus future upside as increased density multifamily development.The zoning allows a 6 stories apartment building with mixed commercial option. Huge .31 Acres (13,504 SF) site close proximity to schools, shops, parks, transit and restaurants. The current FAR 2.30 with bonus has potential to support 20-30 units based on unit mix.The existing home comes with 4 bedrooms and 2 bathrooms with ample storage space in the basement. 10 minutes drive to Downtown, UBCO, and Airport. 40 Mins Big White Ski Resort. (id:43014)

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Full Address:
520 Rutland Road North, Kelowna, British Columbia
Price:
$ 1,499,000
MLS Number:
10328904
List Date:
November 21st, 2024
Neighbourhood:
Rutland North
Lot Size:
0.31 ac

Property Details

Heating:
Forced air, See remarks

Interior Features

Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Unknown
Garage:
See Remarks
Garage Spaces:
7

Building Features

Floors

Lot Size:
0.31 ac
Current Use:
Mixed use

Land

Amenities Nearby:
Family Oriented

Neighbourhood Features

Ratings

Commercial Info

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Agent: Gary JudgeOffice: RealtyMonX

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Rare opportunity to purchase a double road front/back access, development site located on a prime central location in Rutland. The property generates rental income plus future upside as increased density multifamily development.The zoning allows a 6 stories apartment building with mixed commercial option. Huge .31 Acres (13,504 SF) site close proximity to schools, shops, parks, […]
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520 Rutland Road North, Kelowna

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