1115 Cactus Road, Kelowna, BC - Multi-Family Development Lot in Rutland

Multi-Family Development Lot in Rutland

1115 Cactus Road, Kelowna, BC, V1X 5N3

Price:
$1,600,000

Property Description

HM Commercial Realty is pleased to present this 0.46 acre residential site in Rutland.

HIGHLIGHTS

  • 0.46 acre (20,038 SF) residential lot with plans in progress for multifamily townhouse development
  • Well located in the Rutland core area neighborhood, at the end of a cul-de-sac near Springfield Road and Rutland Road South
  • Rezoning and Development Permit Applications already submitted to the City of Kelowna
  • Rezoning Application to MF1 Infill Housing to accommodate ground-oriented housing
  • Development Permit Application is for 8 residential townhome units between 2 buildings with 5 walkout units
  • All 8 units will be approximately 2,000 SF each and will offer 3 or 4 bedrooms, private amenity space, and attached single car garages
  • Property is currently vacant, but could be rented for holding income
  • The neighboring property at 1095 + 1097 Monterey Court is also available for sale, with a similar 9-unit multi-family townhouse application in progress. Both properties offer a combined land area of 0.87 acres (37,897 SF) with 17 proposed townhouses between them.

1115 Cactus Road, Kelowna, BC, Canada

Additional Information

Municipal Address 1115 Cactus Road, Kelowna, BC, V1X 5N3
Legal Description LOT B SECTION 23 TOWNSHIP 26 OSOYOOS DIVISION YALE DISTRICT PLAN 28071
PID 004-635-736
Location Details 1115 Cactus Road is well located in the Rutland core area neighborhood, at the end of a cul-de-sac near Springfield Road and Rutland Road South. Just 5 minutes to Costco, Orchard Park Shopping Centre and Walmart Supercentre, this project is close to all major amenities residents may need. It is also within walking distance to 3 schools, Plaza 33 and IGA Highway 33, while just 15 minutes to YLW Kelowna International Airport and the downtown Cultural District making all Kelowna has to offer easily accessible.
Building Area Approx. 2,933 SF
Land Area 0.46 acre (20,038 SF)
Zoning RU1 Single Family Residential
Future Land Use
(OCP)
C-NHD Core Neighbourhood
Taxes $4,422 (2022)
Lindsey Termul - VP Sales & Leasing at HM Commercial Realty

Listing Agent

Lindsey Termul

Personal Real Estate Corporation

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.