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Home BC Greater Kelowna Kelowna Rutland
520 Rutland Road N
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520 Rutland Road N $1,499,000
$1,499,000
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520 Rutland Road N
Kelowna, British Columbia V1X3B4

MLS® Number: 10328904

Listing 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. (38000106)

Property Summary

Property Type
Other
Building Type
Residential Commercial Mix
Neighbourhood Name
Rutland North
Land Size
0.31 ac|under 1 acre
Parking Type
See Remarks
Time on REALTOR.ca
41 days

Price and Sale History

Date Status Price
Jul 23, 2021 Sale Closed $860,000

Building

Bathrooms
Partial
0
Building Features
Features
Level lot
Heating & Cooling
Heating Type
Forced air, See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Unknown (Asphalt shingle)
Neighbourhood Features
Community Features
Family Oriented
Amenities Nearby
Golf Nearby, Airport, Park, Recreation, Schools, Shopping
Parking
Parking Type
See Remarks
Total Parking Spaces
7

Land

Lot Features
Fencing
Fence
Frontage
67 ft
Landscape Features
Landscaped, Level
Present Use
Mixed use
Other Property Information
Access
Easy access
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
Gary Judge