Prime development opportunity in the heart of Rutland! This 8,700 sq. ft. lot, ideally situated behind Plaza 33 and Highway 33, offers immense potential with UC4 zoning (up to FAR 2.5), allowing for a 6-story mixed-use development with neighboring land assembly potentially. This well-cared-for home features a bright living room with a cozy gas fireplace, kitchen and dining area, and primary bedroom on the main floor with a newer ensuite. Upstairs, you'll find two additional bedrooms and a full bathroom. Step outside to a private, spacious backyard complete with a gazebo, kids’ playhouse/shed, and raised garden beds. Home has been renovated with new carpet and new flooring. The covered carport adds convenience, while a large detached shop easily fits two vehicles and includes a 220v power outlet—perfect for storing all your toys, RVs, boats, and trailers. With 70 feet of frontage and sewer at the lot line (requiring connection), this transit-oriented location provides quick access to UBCO, Downtown, Okanagan College, and Kelowna Airport. Surrounded by shopping centers, schools, and essential amenities, this is a rare investment opportunity in a growing urban hub. Neighboring properties were listed between $1.5M and $1.9M. Don’t miss out on this incredible value! Measurements are approximate; buyer to verify if important. Buyers to confirm and conduct their own due diligence with the development potential and requirements of the City of Kelowna for future land use. (id:4069)
Address
255 Cambie Road
List Price
$899,900
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
3
Bathrooms
3
Half Bathrooms
1
Floor Area
1,480 Sq. Ft.
Lot Size
0.2 Sq. Ft.
Frontage Length
70 ft
Year Built
1989
MLS® Number
10401637
Listing Brokerage
Oakwyn Realty Okanagan-Letnick Estates
Postal Code
V1X3H9
Ownership
Freehold
Parking Places (Total)
7
Site Influences
Park, Recreation, Schools, Shopping
Features
Level lot
Appliances
Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
Heat Type
Forced air, See remarks
Fireplace
Yes
Number of Fireplaces
1
Number Of Floors In Building
1.5
Water Source
Irrigation District
Sewer
Septic tank
