Rare high-exposure corner assembly in Kelowna’s growth core! First time offered, this 0.56-acre, 2-lot land assembly has been a multi-generational 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, the site could support up to 3 storeys & a possible 1.70 FAR (buyer to verify). 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, making it ideal for student housing, rentals, or long-term investment. Both properties have been impeccably maintained, featuring beautifully landscaped yards w/ fruit trees and gardens + solid homes w/ walk-outs already plumbed & wired for suite potential--perfect for multi-generational living, or, rental income today and strong redevelopment prospects for tomorrow. Conservative projected rents of $8,500/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 additional 0.34 acre property increasing the package to 0.91 acres and a nearly 170' X 240' corner lot. (id:45055)
| MLS® Number | 10371356 |
| Property Type | Single Family |
| Neigbourhood | Rutland North |
| ParkingSpaceTotal | 4 |
| ViewType | Mountain View |
| BathroomTotal | 2 |
| BedroomsTotal | 5 |
| BasementType | Full |
| ConstructedDate | 1981 |
| ConstructionStyleAttachment | Detached |
| CoolingType | Central Air Conditioning |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 2,667 Ft2 |
| Type | House |
| UtilityWater | Municipal Water |
| Carport | |
| RV | 1 |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeIrregular | 0.28 |
| SizeTotal | 0.28 Ac|under 1 Acre |
| SizeTotalText | 0.28 Ac|under 1 Acre |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Laundry Room | 8'10'' x 11'5'' | ||
| Lower Level | Other | 10'11'' x 5'9'' | ||
| Lower Level | Bedroom | 11'1'' x 12'0'' | ||
| Lower Level | Bedroom | 9'11'' x 11'8'' | ||
| Lower Level | Recreation Room | 18'8'' x 26'8'' | ||
| Main Level | Bedroom | 11'5'' x 12'6'' | ||
| Main Level | Bedroom | 9'10'' x 12'6'' | ||
| Main Level | Dining Room | 10'1'' x 11'4'' | ||
| Main Level | Full Ensuite Bathroom | 6'10'' x 5'7'' | ||
| Main Level | Full Bathroom | 6'10'' x 8'2'' | ||
| Main Level | Primary Bedroom | 11'1'' x 14'1'' | ||
| Main Level | Living Room | 21'3'' x 17'3'' | ||
| Main Level | Kitchen | 17'11'' x 11' |
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