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400 Milton Rd 0.21 Acres of Residential Land Offered at $1,020,683 USD in Kelowna, BC V1X 2V4

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Investment Highlights

Two adjacent corner lots totaling approximately 18,294 square feet positioned in Rutland.
Located next to an elementary school, within walking distance to parks and shopping.
Accessible location with proximity to key employment nodes and transit connections.

Conceptual development for up to 13 townhomes, subject to city approval.
City of Kelowna has indicated support for MF2 rezoning (buyer to verify).

Executive Summary

An exceptional development opportunity in the heart of Rutland! 400 & 410 Milton Road offer two side-by-side corner lots totaling approximately 18,294SF, ideally positioned adjacent to an elementary school. This development opportunity has strong potential for a multi-family project, with a conceptual layout supporting up to 13 townhomes. Located in a highly desirable and walkable neighbourhood, the properties are within close proximity to schools, parks, shopping, and key employment hubs making it an attractive location for future residents. The current zoning allows for up to 6 unit multiplex per lot and The City of Kelowna has indicated support for MF2 rezoning, all details and development potential are to be verified by the buyer through their own due diligence. A prime opportunity for builders and investors to secure a well located site with excellent redevelopment potential in a growing community. Renderings are conceptual and for illustrative purposes only.

Property Facts

Price	$1,020,683 USD	Property Type	Land
Sale Type	Investment	Property Subtype	Residential
Sale Condition	Redevelopment Project	Total Lot Size	0.21 AC
No. Lots	1
Zoning	MF1 - Multiplex, townhome and row home.

Price	$1,020,683 USD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Residential
Total Lot Size	0.21 AC
Zoning	MF1 - Multiplex, townhome and row home.

1 Lot Available

Lot

Price	$1,020,683 USD	Lot Size	0.21 AC
Price Per AC	$4,860,395.25 USD

Price	$1,020,683 USD
Price Per AC	$4,860,395.25 USD
Lot Size	0.21 AC

400 & 410 Milton Road offer two side-by-side corner lots with 1.0 FSR totaling approximately 18,294SF, ideally positioned adjacent to an elementary school.

Description

400 Milton Road, along with the adjacent 410 Milton Road, presents a rare infill redevelopment opportunity in the thriving Rutland neighborhood of Kelowna. The combined site spans approximately 18,294 square feet across two corner lots, creating a compelling platform for residential development. Conceptual plans indicate capacity for up to 13 townhomes, aligning with the city’s urban growth strategy and anticipated zoning upgrades to MF2. Frontage of both properties corner to corner is 267 ft with a depth of 69ft.

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Fairly walkable

50/100

Moderately drivable

70/100

Limited public transit

30/100

Fairly bikeable

50/100

Source: Local Logic^®

(250) 255-7285

Contact

Sasha Fallon
eXp Realty

Listing ID: 40389620
Date on Market: 5/4/2026
Last Updated:
Address: 400 Milton Rd, Kelowna, BC V1X 2V4

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400 Milton Rd, Kelowna, BC for sale Primary Photo- Image 1 of 3 — MILTON RD TOWNHOMES

400 Milton Rd, Kelowna, BC for sale Building Photo- Image 2 of 3 — Aerial of 410 & 400 Milton Rd

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