Part of a 3 lot, 0.63 acre assembly, this 0.21 acre property is located in the heart of Rutland Urban Centre. The Rutland area is bustling with new development, including the neighbouring apartment building currently under construction. Zoned UC4 with allowance up to 12 storeys and a max FAR of 3.5 with an additional FAR bonus rate is 0.05 FAR per storey in rental or affordable housing developments. Properties are located just off of Hwy 33, walking distance to 3 grocery stores, pharmacies, multiple restaurants, Rutland Centennial Park, and 2 elementary schools. Just a 6 minute drive to Hwy 97. Possibility for 5 lot assembly to include 225 Dougall Rd N and 235 Dougall Rd N, bringing the total lot size to 1.05 acres. This property is exempted from the minimum parking requirements given its location in a Transit Oriented Area. Current tenants in place with holding income. Potential for Joint Venture.