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:4069)
Address
350 Fleming Road
List Price
$1,150,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Split level entry
Transaction Type
Sale
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
4
Bathrooms
2
Floor Area
1,878 Sq. Ft.
Lot Size
0.28 Ac.
Year Built
1963
MLS® Number
10371327
Listing Brokerage
eXp Realty (Kelowna)
Basement Area
Full
Postal Code
V1X3Z3
Site Influences
View
Features
Balcony
