$1,150,000
350 Fleming Road
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Beds
4
Baths
2
Sqft
—
Year
1963
Type
Single Family
Suite
Suite potential
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
Rare high-exposure corner assembly in Kelowna’s growth core! First time offered, this 0.56-acre, 2-lot land assembly has been a multigenerational homestead for nearly 60 years & now presents outstanding potential for multi-family redevelopment in one of the city’s most active corridors. Currently zoned MF1, with potential under MF2 (buyer to verify), the site could support up to 3 storeys & a possible 1.70 FAR. Even more upside under the 2040 OCP, which designates the site CNHD—opening the door to greater density & mixed-use opportunities. Located on a quiet, pedestrian-friendly street yet steps to Ben Lee Park, schools, shopping, transit & daily amenities, the site delivers unbeatable convenience for both current & future residents. Rutland also serves as a key support area for UBCO, ideal for student housing, rentals, or longterm investment. Impeccably maintained properties, featuring beautifully landscaped yards w/ fruit trees and gardens + solid homes w/ walk-outs already plumbed & wired for suite potential--perfect for multi-gen living, or, rental income today & strong redevelopment prospects for tomorrow. Projected rents of $8,000/month offer excellent holding income while development plans take shape. With a nearby site recently approved for a 20-unit project, this assembly is primed for success. Offered at $2,300,000 for both 1090 Houghton Rd & 350 Fleming Rd. Option to add a 0.34acre property increasing the package to 0.91 acres and a nearly 170' X 240' corner lot. (id:65958)
- Subtype
- Single Family
- Architectural style
- Multi-level
- Structure
- House
- Community
- Rutland North
- Common interest
- Freehold
- Living area
- 1,878 square feet
- Lot size
- 0.28 acres
- Lot dimensions
- 0.28
- Parking
- 4 total
- Stories
- 2
- On market
- Mar 12, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $3,658
- Photos
- 23
- MLS#
- 10379136
- Area
- KELOWNA
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Roof
Lot
View
Cash on cash
-6.49%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,059
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.
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.
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 28, 2026.