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 0.34acre property increasing the package to 0.91 acres and a nearly 170' X 240' corner lot. (id:45055)
| MLS® Number | 10371327 |
| Property Type | Single Family |
| Neigbourhood | Rutland North |
| Features | Balcony |
| ParkingSpaceTotal | 4 |
| ViewType | Mountain View |
| BathroomTotal | 2 |
| BedroomsTotal | 4 |
| ArchitecturalStyle | Split Level Entry |
| BasementType | Full |
| ConstructedDate | 1963 |
| ConstructionStyleAttachment | Detached |
| ConstructionStyleSplitLevel | Other |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Wood Siding |
| HeatingType | Forced Air |
| RoofMaterial | Asphalt Shingle |
| RoofStyle | Unknown |
| StoriesTotal | 2 |
| SizeInterior | 1,878 Ft2 |
| Type | House |
| UtilityWater | Municipal Water |
| Additional Parking | |
| Attached Garage | 1 |
| RV | 1 |
| Acreage | No |
| LandscapeFeatures | Underground Sprinkler |
| 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 | Full Bathroom | 5'7'' x 8'7'' | ||
| Lower Level | Laundry Room | 9'0'' x 12'1'' | ||
| Lower Level | Bedroom | 10'10'' x 12'1'' | ||
| Lower Level | Bedroom | 10'10'' x 12'9'' | ||
| Lower Level | Living Room | 18'8'' x 12'9'' | ||
| Lower Level | Kitchen | 11'7'' x 12'1'' | ||
| Lower Level | Living Room | 18'8'' x 12'9'' | ||
| Main Level | Dining Room | 8'8'' x 12'2'' | ||
| Main Level | Bedroom | 10'11'' x 11'10'' | ||
| Main Level | Full Bathroom | 5'3'' x 8'5'' | ||
| Main Level | Primary Bedroom | 13'1'' x 10'1'' | ||
| Main Level | Kitchen | 12'4'' x 12'2'' |
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