535 Hardie Road, Rutland, British Columbia, V1X 2H3

MLS® # 10372980

House For Sale In Rutland, British Columbia

$999,888 QuickQuote^TM: $874K - $1.2M

3 Beds

2 Baths

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535 Hardie Road, Rutland, BC - Indoor Photo Showing Other Room

535 Hardie Road, Rutland, BC - Indoor With Fireplace

535 Hardie Road, Rutland, BC - Indoor Photo Showing Kitchen

535 Hardie Road, Rutland, BC - Indoor Photo Showing Kitchen With Double Sink

535 Hardie Road, Rutland, BC - Indoor Photo Showing Laundry Room

535 Hardie Road, Rutland, BC - Indoor Photo Showing Basement

535 Hardie Road, Rutland, BC - Indoor Photo Showing Bathroom

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535 Hardie Road, Rutland, British Columbia, V1X 2H3

$999,888

3 Beds

2 Baths

Property Information:

Positioned on a large, well-located lot in Rutland North, Kelowna, this property presents a compelling investment and redevelopment opportunity with immediate holding income and multiple future development pathways. The existing single-level rancher offers three bedrooms and two bathrooms, providing a solid, rentable residence while development plans are explored. The home features a spacious living area with a gas fireplace, a functional kitchen with ample storage and prep space, and a large, private backyard bordered by mature cedar trees. Key capital improvements have already been completed, including a new roof (2019), hot water tank (2022), and an upgraded irrigation system, reducing near-term capital expenditure for investors. DEVELOPMENT POTENTIAL: From a redevelopment perspective, the site offers strong upside potential, including the ability to subdivide into two single-family lots or pursue a townhouse development of up to eight units (four dwellings per lot), subject to City approvals. The property’s configuration and location support efficient site planning and long-term value creation. Located close to schools, transit, shopping, and amenities, this property combines current income stability with future density potential, making it an ideal opportunity for investors, developers, or land bankers seeking exposure in a growing Kelowna corridor. (id:27)