Development property in a prime location! This rare gem is strategically positioned with road frontage and back lane access. Zoned UC4 - Rutland Urban Centre this property permits residential development upto 6 storeys with 14,100 sqft of buildable floor area or the option to build a 4plex. Within walking distance, residents can access all levels of schools, shops, parks and transit. Additionally, the property is just a short drive away from UBCO and the Kelowna International Airport. This property is tenanted generating holding income. Value is in the land and not in the structure. Home is being sold as is. Buyers are responsible for their own diligence.