1095 + 1097 Monterey Court, Kelowna, BC - Townhouse Development Project in Rutland

Townhouse Development Project in Rutland

1095 + 1097 Monterey Court, Kelowna, BC, V1X 5P2


Property Description

HM Commercial Realty is pleased to present this 0.41 acre development site in Rutland with rezoning and development permit applications already submitted for an 8-unit townhouse project.

  • 0.410 acre (17,860 SF) development lot with multi-family townhouse project in progress
  • Well located in the Rutland core area neighborhood, at the end of a cul-de-sac near Springfield Road and Rutland Road South
  • Project conceptualized and designed by an experienced land development consultant with over a decade of experience managing and planning developments, including townhouse sites
  • Rezoning and Development Permit Applications already submitted to the City of Kelowna (estimated approval date of June/July 2024)
  • Rezoning Application to MF1 Infill Housing to accommodate ground-oriented housing
  • Development Permit Application is for 8 residential townhome units between 2 buildings: 3 x 2-storey units and 5 x 3-storey units
  • All 8 units offer 3 bedrooms, backyard patios, and side-by-side double garages
  • Design is well suited for a bare land strata and party-wall agreement (no strata fees for end users)
  • No special Development Permits affect this site
  • Due diligence documents available upon a signed NDA include a Phase 1 ESA, Geotech Report, Site Survey, Architectural Plans, Landscape Plans and City of Kelowna Pre-application Meeting Minutes
  • Holding income provided from the existing duplex on site (3 units)
  • Options for flexible closing. Please contact broker to discuss deal structure and pricing guidance
  • Option to acquire the holding company, which eliminates the Property Transfer Tax

1095 Monterey Court, Kelowna, BC, Canada

Additional Information

Municipal Address 1095 + 1097 Monterey Court, Kelowna, BC, V1X 5P2
Legal Description LOT 4 SECTION 23 TOWNSHIP 26 ODYD PLAN 25174
PID 001-863-568
Location Details 1095 + 1097 Monterey Court 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. 2,524 SF
Land Area 0.41 acre (17,860 SF)
Zoning Current Zoning: RU4 Duplex Housing / Proposed Zoning: MF1 Infill Housing
Future Land Use
C-NHD Core Neighbourhood
Taxes $5,733.00 (2022)
Lindsey Termul - VP Sales & Leasing at HM Commercial Realty

Listing Agent

Lindsey Termul

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.