470 Gerstmar Road new Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1X4B1
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,368 sqft
Price per Sqft $621
Subdivision Rutland South
MLS Listing ID 10363754
Bedrooms 3
Year Built 1970
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Prime Kelowna development property zoned MF1. This offering includes an updated suited home on a 0.28-acre lot, providing rental income while you move through the city's approval process—a smart way to cover holding costs. Key updates to the home include A/C (July 2022), Furnace (October 2019), and a roof replaced in August 2020. The City of Kelowna has already expressed support for a 6-unit townhome development, and Lime Architecture, who have prepared preliminary schematics and know the site well, can be engaged to fast-track approvals. This is a true pick-it-up-and-go development site. Concept plans call for six modern townhomes, each approx. 1,980 sq.ft., designed with 3 bedrooms, double-car garages, and private yards. The product is perfectly suited for small families and first-time homebuyers, making it highly desirable in today's Kelowna market. The location is unbeatable, situated in the heart of Rutland, close to everything you need: schools, parks, shopping, and public transit. Just 10–15 minutes from Downtown Kelowna, UBC Okanagan, and Okanagan College, the site offers convenience for future homeowners and strong fundamentals for developers. Whether you're looking to build and sell or hold as a rental investment, 470 Gerstmar Road is a rare chance to secure a turnkey multi-family development property in one of Kelowna's fastest-growing areas. Call today for more info! (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 2.0
Extra Room 1 Basement 6'0'' x 3'0'' Laundry room
Extra Room 2 Basement 14'0'' x 10'0'' Kitchen
Extra Room 3 Basement 17'0'' x 11'0'' Living room
Extra Room 4 Main level 12'0'' x 7'0'' Laundry room
Extra Room 5 Main level 7'0'' x 5'0'' 4pc Bathroom
Extra Room 6 Main level 11'0'' x 9'0'' Bedroom
Interior
Heating ,Forced air,See remarks
Cooling Central air conditioning
Flooring Laminate
Exterior
Parking Features Yes
Fence Fence
Community Features Family Oriented
View Y/N Yes
View Mountain view,View (panoramic)
Roof Type Unknown
Total Parking Spaces 6
Private Pool No
Building
Lot Description Landscaped,Level
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold