Acreage
781 Wallace Road
Rutland North, Kelowna, BC
MLS® 10388111 · 111 days on market
$2,389,000
2.5 acres
9 bed · 8.2 bath · 6,112 sqft
Description
This incredible 9 bed 8 bath income-producing luxury acreage offering over 6,000 sq.ft. sits on 2.5 acres of Okanagan beauty with breathtaking lake views and exceptional revenue potential. The property features a fully self-contained legal 2-bedroom suite plus an additional 1-bedroom and den/theatre room in-law suite, providing outstanding flexibility for multigenerational living, Airbnb potential, or long-term rental income. Adding even more value is approximately 1.5 acres of producing cherry trees including 80 Lapin trees and 100 Staccato trees generating approximately 10,000 lbs annually with room to expand by an additional 200 trees. This home showcases soaring ceilings, floor-to-ceiling windows, coffered ceilings, custom built-ins, and a striking linear fireplace. The chef-inspired kitchen features high-end stainless steel appliances, a massive island, butler’s pantry, and seamless access to the expansive covered deck overlooking the lake. The primary retreat offers panoramic lake views, a spa-inspired ensuite, walk-in closet, and private balcony. Complete with a triple car garage, abundant RV and boat parking, and located just minutes to wineries, golf, schools, shopping, and amenities, this property offers luxury, lifestyle, and exceptional long-term value in the heart of Kelowna. (id:63159)
Property Details
Property & Lot
- Sub-type
- House
- Style
- Ranch, Contemporary
- Year built
- 2015
- Stories
- 2
- Lot size
- 2.5 acres
- Title
- Freehold
Interior
- Basement
- Full
- Heating
- Forced air, See remarks
- Cooling / A/C
- Central air conditioning
- Flooring
- Tile, Laminate, Carpeted
- Fireplace
- 2 — Free Standing Metal
Exterior & Land
- Exterior features
- Stucco
- View
- City view, Lake view, Mountain view
- Lot features
- Central island, Two Balconies
Building & Utilities
- Roof
- Asphalt shingle, Unknown
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Parking spaces
- 12
- Parking type
- Detached Garage, Additional Parking
- Parcel ID (PID)
- 028-685-750
- Security
- Security system
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Additional Accommodation | 10'7'' x 14'10'' |
| Full bathroom | Additional Accommodation | 9'9'' x 7'5'' |
| Other | Additional Accommodation | 12'9'' x 14'4'' |
| Bedroom | Additional Accommodation | 12'7'' x 11'1'' |
| Other | Additional Accommodation | 18'3'' x 12'10'' |
| Kitchen | Additional Accommodation | 7'7'' x 7'6'' |
| Other | Additional Accommodation | 6'2'' x 11'4'' |
| Full bathroom | Additional Accommodation | 11'1'' x 5'5'' |
| Bedroom | Additional Accommodation | 12'9'' x 10'8'' |
| Bedroom | Additional Accommodation | 13'2'' x 11'6'' |
| Other | Additional Accommodation | 19'8'' x 16'10'' |
| Kitchen | Additional Accommodation | 12'9'' x 10'6'' |
| Other | Second level | 7'8'' x 10'6'' |
| 3pc Ensuite bath | Second level | 7'3'' x 5'11'' |
| 3pc Ensuite bath | Second level | 6'1'' x 12'1'' |
| 5pc Ensuite bath | Second level | 15'4'' x 12'9'' |
| Other | Second level | 4'11'' x 10'9'' |
| Other | Second level | 8'8'' x 10'11'' |
| Bedroom | Second level | 12'10'' x 15'8'' |
| Bedroom | Second level | 14'9'' x 16'7'' |
| Primary Bedroom | Second level | 23'8'' x 15'6'' |
| Other | Main level | 44'8'' x 30'1'' |
| Laundry room | Main level | 11'1'' x 7'3'' |
| 2pc Bathroom | Main level | 7'8'' x 3' |
| 2pc Bathroom | Main level | 7'1'' x 2'11'' |
| 4pc Bathroom | Main level | 5'11'' x 11'9'' |
| Bedroom | Main level | 11'5'' x 13'4'' |
| Bedroom | Main level | 15' x 13'5'' |
| Bedroom | Main level | '11'' x 13'5'' |
| Den | Main level | 6'9'' x 10'10'' |
| Other | Main level | 9'6'' x 9'10'' |
| Living room | Main level | 17' x 19'9'' |
| Dining room | Main level | 11'6'' x 16'6'' |
| Kitchen | Main level | 12'3'' x 20'4'' |
- Annual property tax
- $11,639.95
- Brokerage
- Royal LePage Kelowna
Location Insights
Population
144,576
(2021 Census)
+13.5% since 2016
- Density
- 682.4/km²
- Dwellings
- 67,115
- Median household income
- $82,000
- After-tax
- $73,500
- Immigrant population
- 15.3%
Top countries of origin
- United Kingdom2.1% · 3,055
- India1.6% · 2,335
- Philippines1.1% · 1,620
- Germany1.1% · 1,540
- United States of America1% · 1,375
- China0.7% · 960
- Poland0.4% · 585
- South Africa, Republic of0.4% · 525
Source: Statistics Canada, 2021 Census of Population.
Weather
26°C
Haze
Humidity 31%
Wind S 8 km/h
Today
27°
Tonight
14°
Thursday
22°
Thursday night
7°
Friday
21°
Friday night
9°
Source: Environment and Climate Change Canada.
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