$2,999,000
305 & 295 Clarissa Road
Beds
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Baths
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Sqft
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Year
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Type
Other
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
**DEVELOPER ALERT**SEWER IS COMPLETE** RARE opportunity to develop 1.48 acres (64,468.80 sq ft) of MF2 zoned land. MF2 zoning supports row townhomes up to 3 storeys high. The property currently features a single family home and a Tenanted fourplex (mo. to mo.). Walking distance to Ecole Belgo Elementary School, Transit and is across the street from Belgo Park. Close to many restaurants, shopping, schools, Rutland arena and the YMCA. Bring your development ideas, potential FAR of approx 1.0 (id:65958)
- Subtype
- Other
- Structure
- Residential Commercial Mix
- Community
- Rutland South
- Lot size
- 1.48 acres
- Lot dimensions
- 1.48
- On market
- Jun 17, 2024
- Status changed
- Apr 24, 2026
- Photos
- 10
- MLS#
- 10317108
- Area
- KELOWNA
Cash on cash
-6.22%
Cap rate
3.62%
GRM
16.7
Break-even rent
$18,273
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.