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Rutland multi-family site poised for redevelopment

Approvals in place for a six-storey tower with 105 rental units
495-dougall-road-n-kelowna
A multi-family development site at 495 Dougall Rd. N, Kelowna, sold Dec. 2 for $4.8 million.

DEAL | A multifamily development site at 495 Dougall Rd. North, Kelowna, sold Dec. 2 for $4.8 million. Institutional Property Advisors, a division of Marcus & Millichap, represented the vendor while William Wright Commercial represented the purchaser of this 0.79-acre site in Rutland. Approvals are in place for a six-storey wood-frame development with 105 purpose-built rental units, adding to the purchaser’s multi-family delivery pipeline.

PRICE | $4,800,000

FROM | Jeff Hancock and Shelby Kostyshen, William Wright Commercial