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:44056)

Property Details

Full Address:
255 Cambie Road, Kelowna, British Columbia
Price:
$ 789,000
MLS Number:
10401637
List Date:
September 24th, 2026
Lot Size:
0.2 ac
Year Built:
1989
Taxes:
$ 4,589

Interior Features

Bedrooms:
3
Bathrooms:
3
Half Bedrooms:
1
Total Rooms:
Appliances:
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Flooring:
Carpeted, Linoleum
Heating:
Forced air, See remarks
Fireplaces:
1
Fireplace Type:
Gas, Unknown

Building Features

Storeys:
1.5
Sewer:
Septic tank
Water:
Irrigation District
Roof:
Asphalt shingle, Unknown
Exterior:
Brick, Vinyl siding
Garage:
Detached Garage, See Remarks
Garage Spaces:
7
Ownership Type:
Freehold
Taxes:
$ 4,589

Floors

Finished Area:
1480 sq.ft.

Land

Lot Size:
0.2 ac
Lot Features:
Level lot

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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JP Letnick Personal Real Estate Corporation Oakwyn Realty Okanagan-Letnick Estates
778-363-1314
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Listing Agent(s)

Lead Agent: JP Letnick
Office: Oakwyn Realty Okanagan-Letnick Estates
Originating Board: Association of Interior REALTORS®
Co-Listing: Joanna Wang
Oakwyn Realty Okanagan-Letnick Estates

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