880 Badke Road Kelowna, BC V1X 5Z6

Active (3 Days)

$9,572,558

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Description

An exceptional opportunity to acquire a fully stratified, 26-unit townhouse development on a 1.75-acre parcel in the heart of Kelowna’s rapidly evolving Rutland Urban Centre. Ideally positioned directly across from Ben Lee Park and bordering the Houghton Road Recreation Corridor, this property offers both lifestyle appeal and strategic long-term value. Located within the City’s designated redevelopment zone, the site is zoned UC4, allowing for up to 6 storeys with a density bonus—making it a prime candidate for future multifamily redevelopment. Most of the units are owner-occupied, with estimated market rents of approximately $2,500 per month, equating to a potential gross annual income of $780,000. Just 8 minutes to UBCO and Kelowna International Airport, 15 minutes to Okanagan Lake, and 40 minutes to Big White, this location offers strong projected holding income and exceptional redevelopment potential in one of Kelowna’s most active and connected growth corridors. (id:41440)

MLS®:
10343895

Lot Size
1.75 acres

Type
Multifamily

Year Built
1979

County
Central Okanagan

Listed By

Jared Franczak, Royal Lepage Kelowna

Source
CREA
Last checked Apr 19 2025 at 4:05 PM PDT

Bathroom Details

Heating and Cooling

Baseboard Heaters
Wall Unit

Exterior Features

Cedar Siding
Roof: Other
Roof: Unknown

Utility Information

Sewer: Municipal Sewage System

Parking

Covered
Total: 38

Disclaimer:

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled
by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 4/19/25 09:05

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