16 days on Market

255 Cambie Road, Kelowna, British Columbia V1X3H9

Detached
3
3 + 1
~1480 sqft
$1,190,000
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Detached
3
3 + 1
~1480 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$804/sqft

Est. Mortgage$5,111/mo

Tax Amount ()-

Days On Market16 days


Description

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 exudes charm and character, featuring 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 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 hot 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 are 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:39198)


Property Details

StyleHouse, Detached
View-
Age of property1989
SqFt~1480 SqFt
Lot Size-
Parking Spaces7
MLS ®Number10338270
Community NameRutland
Data SourceCREA
Listing byOakwyn Realty Okanagan-Letnick Estates

Features

Heating: Forced air, See remarks

Basement Floor

Bedroom

10'3'' x 17'2''

3pc Bathroom

6'0'' x 12'9''

Bedroom

8'6'' x 12'9''


Features

Septic tank

Parking

Garage spaces 7

Garage type -

Other parking spaces 0

Total parking spaces 7


Property History

Mar 12, 2025
ListedActive
$1,190,000
16 days on market
history photo preview12
Listing by crea®
Property listed by Oakwyn Realty Okanagan-Letnick Estates, 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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