52 days on Market

1115 CACTUS ROAD, Kelowna, British Columbia V1X5N3

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

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Highlights

Estimated ValueNot available

Price/Sqft$510/sqft

Est. Mortgage$5,368/mo

Tax Amount ()$5,148/yr

Days On Market52 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
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

12'7'' x 10'4''

Workshop

8'3'' x 13'1''

Full bathroom

9' x 7'

Bedroom

12'2'' x 13'2''


Parking

Garage spaces -

Garage type -

Total parking spaces 1


Property History

Feb 24, 2025
ListedActive
$1,249,999
52 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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