3 Bedrooms

2 Bathrooms

1,318 sqft

$999,888

Positioned on a large, well-located lot in Rutland North, Kelowna, this property presents a compelling investment and redevelopment opportunity with immediate holding income and multiple future development pathways. The existing single-level rancher offers three bedrooms and two bathrooms, providing a solid, rentable residence while development plans are explored. The home features a spacious living area with a gas fireplace, a functional kitchen with ample storage and prep space, and a large, private backyard bordered by mature cedar trees. Key capital improvements have already been completed, including a new roof (2019), hot water tank (2022), and an upgraded irrigation system, reducing near-term capital expenditure for investors. DEVELOPMENT POTENTIAL: From a redevelopment perspective, the site offers strong upside potential, including the ability to subdivide into two single-family lots or pursue a townhouse development of up to eight units (four dwellings per lot), subject to City approvals. The property’s configuration and location support efficient site planning and long-term value creation. Located close to schools, transit, shopping, and amenities, this property combines current income stability with future density potential, making it an ideal opportunity for investors, developers, or land bankers seeking exposure in a growing Kelowna corridor. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10372980
  Property Type	Single Family
  Neigbourhood	Rutland North

• Building

  Bathroom Total	2
  Bedrooms Total	3
  Appliances	Refrigerator, Dishwasher, Washer & Dryer
  Architectural Style	Ranch
  Constructed Date	1980
  Construction Style Attachment	Detached
  Exterior Finish	Aluminum, Stucco
  Flooring Type	Mixed Flooring
  Half Bath Total	1
  Heating Type	Baseboard Heaters
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	1
  Size Interior	1,318 Sqft
  Type	House
  Utility Water	Irrigation District

  Parking

  Additional Parking
  Attached Garage	0

• Land

  Acreage	No
  Sewer	Municipal Sewage System
  Size Irregular	0.26
  Size Total	0.26 Ac|under 1 Acre
  Size Total Text	0.26 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Main Level	Laundry Room			6' x 12'
  Main Level	2pc Ensuite Bath			Measurements not available
  Main Level	3pc Bathroom			Measurements not available
  Main Level	Living Room			20' x 14'
  Main Level	Dining Room			12' x 11'1''
  Main Level	Kitchen			11' x 10'9''
  Main Level	Primary Bedroom			11'11'' x 9'5''
  Main Level	Bedroom			9'5'' x 9'5''
  Main Level	Bedroom			10'7'' x 9'8''