Rare high-exposure corner assembly in Kelowna’s growth core! First time offered, this 0.56-acre, 2-lot land assembly has been a multigenerational homestead for nearly 60 years & now presents outstanding potential for multi-family redevelopment in one of the city’s most active corridors. Currently zoned MF1, with potential under MF2 (buyer to verify), the site could support up to 3 storeys & a possible 1.70 FAR. Even more upside under the 2040 OCP, which designates the site CNHD—opening the door to greater density & mixed-use opportunities. Located on a quiet, pedestrian-friendly street yet steps to Ben Lee Park, schools, shopping, transit & daily amenities, the site delivers unbeatable convenience for both current & future residents. Rutland also serves as a key support area for UBCO, ideal for student housing, rentals, or longterm investment. Impeccably maintained properties, featuring beautifully landscaped yards w/ fruit trees and gardens + solid homes w/ walk-outs already plumbed & wired for suite potential--perfect for multi-gen living, or, rental income today & strong redevelopment prospects for tomorrow. Projected rents of $8,000/month offer excellent holding income while development plans take shape. With a nearby site recently approved for a 20-unit project, this assembly is primed for success. Offered at $2,300,000 for both 1090 Houghton Rd & 350 Fleming Rd. Option to add another 0.34acre property increasing the package to 0.91 ac and a 170' X 240' corner lot. (id:47421)
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Detailed Information
Bedrooms
5
Bathrooms
2
Listing Contract Date
2026-03-11
Municipal ID
003-599-141
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Views
Mountain view
Building
Basement Type
Full
Constructed Date
1981
Construction Style (Attachment)
Detached
Cooling Type
Central air conditioning
Heating Type
Forced air
Stories Total
2
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Laundry room
Lower level
8'10'' x 11'5''
Other
Lower level
10'11'' x 5'9''
Bedroom
Lower level
11'1'' x 12'0''
Bedroom
Lower level
9'11'' x 11'8''
Recreation room
Lower level
18'8'' x 26'8''
Bedroom
Main level
11'5'' x 12'6''
Bedroom
Main level
9'10'' x 12'6''
Dining room
Main level
10'1'' x 11'4''
Full ensuite bathroom
Main level
6'10'' x 5'7''
Full bathroom
Main level
6'10'' x 8'2''
Primary Bedroom
Main level
11'1'' x 14'1''
Living room
Main level
21'3'' x 17'3''
Kitchen
Main level
17'11'' x 11'
Parking Spaces
Name
Spaces
Carport
RV
1
Land
Total Size
0.28 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.28
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