Outstanding opportunity on a 0.21-acre MF1-zoned lot with solid development and holding potential! Neighboring property also available for the perfect LAND ASSEMBLY. This level, rectangular lot provides excellent access and design flexibility for a duplex, four-plex, or small multi-family infill. The existing 3-bed, 1.5-bath home has been consistently tenant occupied and has plenty of life left with some TLC—perfect as a rental hold, or a modest residence while you plan your future build. MF1 zoning supports gentle density, making this property ideal for investors, builders, or those looking to secure land in a growing area. Home is connected to Rutland water, city sewer, and natural gas, with ample fenced yard space and off-street parking. Located close to Hwy 33, schools, shopping, parks, and downtown, this property combines lifestyle convenience with long-term upside. Live in, rent out, or redevelop... opportunities like this are rare in today’s market. A smart buy with tremendous potential and room to grow!
For sale
C$848,900
150 Mills Rd, Kelowna, BC V1X 4G7
3beds
996sqft
Single Family Residence
Built in 1961
9,147.6 Square Feet Lot
$-- Zestimate®
C$852/sqft
C$-- HOA
What's special
Level rectangular lotAmple fenced yard spaceOff-street parking
- 114 days |
- 15 |
- 0 |
Zillow last checked: 8 hours ago
Listing updated: October 20, 2025 at 04:36pm
Listed by:
Adam Schmidt,
Coldwell Banker Horizon Realty
Source: Association of Interior REALTORS,MLS®#: 10365668Originating MLS®#: Association of Interior REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Main
- Dimensions: 12.00x13.00
Bedroom
- Level: Main
- Dimensions: 10.00x10.00
Bedroom
- Level: Main
- Dimensions: 10.00x10.00
Other
- Level: Main
- Dimensions: 5.00x7.00
Kitchen
- Level: Main
- Dimensions: 8.00x12.00
Living room
- Level: Main
- Dimensions: 17.00x11.00
Heating
- Forced Air, Natural Gas
Cooling
- None
Features
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 996 sqft
- Finished area above ground: 996
- Finished area below ground: 0
Property
Parking
- Parking features: Additional Parking, Other
Features
- Levels: One
- Stories: 1
- Exterior features: Private Yard
- Pool features: None
- Has view: Yes
- View description: Mountain(s), Valley
Lot
- Size: 9,147.6 Square Feet
Details
- Parcel number: 009700196
- Zoning: MF1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Siding, Wood Frame
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Kelowna
Financial & listing details
- Price per square foot: C$852/sqft
- Tax assessed value: C$606,000
- Annual tax amount: C$3,199
- Date on market: 10/20/2025
- Listing terms: Cash
- Ownership: Freehold,Fee Simple
Adam Schmidt
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Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: V1X
Nearby schools
GreatSchools rating
No schools nearby
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