1095 Monterey Court
Kelowna, British Columbia V1X5P2

0.41 acre (17,860 SF) development site in Rutland with MF2 zoning. Development permit application already submitted for a 9-unit townhouse project. Well located in the Rutland core area neighborhood, at the end of a cul-de-sac near Springfield Rd and Rutland Rd South. Project conceptualized and designed by an experienced land development consultant with over a decade of experience managing and planning developments, including townhouse sites. DP Application submitted to the City of Kelowna in October 2023 for 9 residential 3-storey townhome units between 2 buildings. All 9 units offer 3 bedrooms, backyard patios, and double garages (7 units have side-by-side garages, 2 units have tandem garages). Design is well suited for a bare land strata and party-wall agreement (no strata fees for end users). No special Development Permits affect this site. Due diligence documents available upon a signed NDA include a Phase 1 ESA, Geotech Report, Site Survey, Architectural Plans, Landscape Plans and City of Kelowna Pre-Application Meeting Minutes. Holding income provided from the existing duplex on site (3 units). Option to acquire the holding company, which can eliminate the Property Transfer Tax. The neighboring property may also be available for sale. (36784118)