390 Dougall Road S
Kelowna, British Columbia V1X3J6

Exceptional opportunity for a residential fourplex in Rutland which offers a unique blend of immediate rental income and long-term development potential, making it an attractive opportunity for investors seeking to capitalize on Kelowna’s expanding urban landscape. Fully tenanted fourplex with substantial upside in cash flow as all rents are well below market. Priced to sell with a list price $490,000 below BC Assessment 2025 value. 0.32 lot in Rutland South, 500 meters from Plaza 33. Future townhouse development opportunity under current MF2 zoning. Gross rents of $4,500/month. Opportunity for material value-add through aligning under-market rents with current rates. Convenient access to public transit, including the Rutland Exchange. Upper units are approximately 950 SF with the lower units being 850 SF. Each unit comes with a balcony or patio area providing additional living space. Each unit is 2 bed & 1 full bath with fridge, stove, washer & dryer. Property is on a septic system with Holbrook sewer line available for hookup. All units are individually metered with the tenants paying their own utilities. Roof redone in 2019. (38793378)