0.46 acre (20,038 SF) residential lot with plans in progress for multifamily townhouse development. Well located in the Rutland core area neighborhood, at the end of a cul-de-sac near Springfield Road and Rutland Road South. Currently zoned MF1 permitting ground-oriented housing of 2-storeys with up to 6 units. Rezoning Application submitted to the City of Kelowna for MF2 Townhouse Housing to accommodate 3-storeys and more units. Development Plans available for both 8 and 9 townhome units between 2 buildings. Units are approximately 2,000 SF each and will offer 3 or 4 bedrooms, private amenity space, and attached single car garages. Property is currently vacant, but could be rented for holding income. The neighboring property at 1095 + 1097 Monterey Court (MLS# 10303530) is also available for sale, with a similar 9-unit multi-family townhouse application in progress. Both properties offer a combined land area of 0.87 acres (37,897 SF) with 17-18 proposed townhouses between them.