9 days on Market

1115 Cactus Road, Kelowna, British Columbia V1X5N3

Detached
3
2
~2448 sqft
$1,249,999
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Detached
3
2
~2448 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$510/sqft

Est. Mortgage$5,368/mo

Tax Amount ()-

Days On Market9 days


Description

This incredible property offers a rare development opportunity, having recently been rezoned from MF1 to MF2, making it ideal for constructing 3-storey townhomes. The seller has multiple site analysis plans and renderings available, showcasing conceptual options for a 7, 8, or even 10-townhome development, with each unit designed at approximately 2,000 square feet. Tucked away from throughway traffic, the property enjoys the tranquility of a peaceful neighborhood while offering convenient walking access to Springfield Road. Whether you're a developer seeking your next project or an investor looking for a property with significant upside, this location strikes the perfect balance between privacy and accessibility. This is an unparalleled opportunity to develop a centrally located site with multiple options to fit your investment strategy. Don't miss out on the chance to create something truly remarkable in this growing area! (id:39198)


Property Details

StyleHouse, Detached
View-
Age of property1968
SqFt~2448 SqFt
Lot Size-
Parking Spaces1
MLS ®Number10336356
Community NameRutland
Data SourceCREA
Listing byEngel & Volkers Okanagan

Features

Heating: Forced air

Lower level Floor

Office

10'4'' x 12'7''

Workshop

13'1'' x 8'3''

Full bathroom

7' x 9'

Kitchen

13'6'' x 11'6''


Features

Municipal sewage system

Parking

Garage spaces 1

Garage type Attached Garage

Other parking spaces 0

Total parking spaces 1


Property History

Feb 23, 2025
ListedActive
$1,249,999
9 days on market
history photo preview22
Listing by crea®
Property listed by Engel & Volkers Okanagan, Brokerage
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Population and Demographics

Overview

Total population 9728
Average household income $103,076

Age (%)

20 to 34
24%
0 to 19
21%
35 to 49
19%
50 to 64
19%
65 and plus
17%

Household composition (%)

Single family
62%
Single person
26%
Multi person
10%
Multi family
2%

Mother tongue (%)

English
88%
Others
3%
Punjabi (Panjabi)
2%
German
2%
Tagalog (Pilipino, Filipino)
2%
French
1%

House tenancy (%)

Owners
69%
Renters
31%

Schools and amenities

Estimated Budget

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