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An exceptional opportunity to acquire a fully stratified, 26-unit townhouse development on a 1.75-acre parcel in the heart of Kelowna’s rapidly evolving Rutland Urban Centre. Ideally positioned directly across from Ben Lee Park and bordering the Houghton Road Recreation Corridor, this property offers both lifestyle appeal and strategic long-term value. Located within the City’s designated redevelopment zone, the site is zoned UC4, allowing for up to 6 storeys with a density bonus—making it a prime candidate for future multifamily redevelopment. Most of the units are owner-occupied, with estimated market rents of approximately $2,500 per month, equating to a potential gross annual income of $780,000. Just 8 minutes to UBCO and Kelowna International Airport, 15 minutes to Okanagan Lake, and 40 minutes to Big White, this location offers strong projected holding income and exceptional redevelopment potential in one of Kelowna’s most active and connected growth corridors. (id:45055)
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Property Details
MLS® Number 10343895 Property Type Multi-family Neigbourhood Rutland North Community Name Cedar Villas CommunityFeatures Pets Allowed ParkingSpaceTotal 38 StorageType Storage, Locker -
Building
ConstructedDate 1979 CoolingType Wall Unit ExteriorFinish Cedar Siding HeatingType Baseboard Heaters RoofMaterial Other RoofStyle Unknown Type Multi-family UtilityWater Municipal Water Covered -
Land
Acreage Yes Sewer Municipal Sewage System SizeIrregular 1.75 SizeTotal 1.75 Ac|1 - 5 Acres SizeTotalText 1.75 Ac|1 - 5 Acres -
Rooms
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Utilities
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 21 2026 03:20:21
Association of Interior REALTORS®
Royal LePage Kelowna
