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:47421)
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Detailed Information
Bedrooms
3
Bathrooms
2
Listing Contract Date
2026-01-16
Municipal ID
006-826-342
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Building
Appliances
Refrigerator, Dishwasher, Washer & Dryer
Architectural Style
Ranch
Constructed Date
1980
Construction Style (Attachment)
Detached
Exterior Finish
Aluminum, Stucco
Flooring Type
Mixed Flooring
# of Half Bathrooms
1
Heating Type
Baseboard heaters
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
1
Type
House
Utility Water
Irrigation District
Rooms
Room
Level
Dimensions
Notes
Laundry room
Main level
6' x 12'
2pc Ensuite bath
Main level
Measurements not available
3pc Bathroom
Main level
Measurements not available
Living room
Main level
20' x 14'
Dining room
Main level
12' x 11'1''
Kitchen
Main level
11' x 10'9''
Primary Bedroom
Main level
11'11'' x 9'5''
Bedroom
Main level
9'5'' x 9'5''
Bedroom
Main level
10'7'' x 9'8''
Parking Spaces
Name
Spaces
Additional Parking
Attached Garage
Land
Total Size
0.26 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.26
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