MULTI-FAMILY, INVESTORS, RENTAL PROPERTY Families looking for rental units. MAIN HOUSE with LEGAL SUITE AND FULL DUPLEX IN THE LANEWAY. 9 BEDROOMS IN TOTAL. 4 FULL BATHROOMS AND 2 HALF BATHS IN TOTAL. 4 KITCHENS IN TOTAL. MAIN FLOOR - main house main floor Basement- main house basement suite Third Floor- 759 laneway Second Floor - 757 laneway Fantastic opportunity to own a multi-family property in a prime location in Kelowna. Centrally located in Kelowna South, this property is close to all amenities including shopping, restaurants, schools and parks and transit, and hospital. This UNIQUE property offers a Main house with a 2 bedroom 1 bath legal suite AS WELL AS a full side by side duplex in the laneway with its own parking. The main house was built approx. 1965 and has had some updates including the roof. The Duplex was built in 2019. The main house has 3 beds 1 bath up and an additional 2 beds 1 bath down. Each duplex has 2 beds and a flex space, 1.5 baths. SEE THE FLOOR PLANS FOR EACH SPACE. 755A, 755B, 757, 759 are all tenanted. Combined monthly income currently is $7,608.00 with 3 of the 4 units already given rent increase notices for January. Rental income as of January 2025 will be $7788. per month. CAP RATE currently of 5.25% (Jan 2025 CAP is approx. 5.39%) Options to redevelop main house, potentially stratify. Well maintained property and managed by a property manager. Appointments necessary. (id:47421)
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Detailed Information
Bedrooms
9
Bathrooms
6
Amenities Nearby
Public Transit, Airport, Park, Recreation, Schools, Shopping
Community Features
Family Oriented, Pets Allowed, Pet Restrictions, Rentals Allowed
Features
Level lot
Listing Contract Date
2024-09-12
Municipal ID
017-756-430
Ownership Type
Freehold
Property Type
Single Family
Transaction Type
For sale
Zoning
Unknown
Building
Architectural Style
Other
Constructed Date
1965
Construction Style (Attachment)
Semi-detached
Cooling Type
Central air conditioning, See Remarks
Fireplace Fuel
Unknown
Fireplace Present
Yes
Fireplace Type
Decorative
# of Half Bathrooms
2
Heating Type
See remarks
Type
Duplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Full bathroom
Second level
Measurements not available
Primary Bedroom
Second level
11'7'' x 10'7''
Bedroom
Second level
9'4'' x 12'
Primary Bedroom
Second level
9'11'' x 10'6''
Bedroom
Second level
9' x 11'2''
4pc Bathroom
Second level
7'1'' x 5'5''
2pc Bathroom
Main level
4'9'' x 5'11''
2pc Bathroom
Main level
5'1'' x 4'9''
Primary Bedroom
Main level
11'4'' x 11'2''
Living room
Main level
14'11'' x 19'7''
Kitchen
Main level
9'5'' x 12'3''
Dining room
Main level
9'9'' x 9'11''
Bedroom
Main level
9'3'' x 10'1''
Bedroom
Main level
11'4'' x 9'7''
4pc Bathroom
Main level
9'4'' x 6'11''
Primary Bedroom
Additional Accommodation
9'11'' x 11'5''
Living room
Additional Accommodation
11'7'' x 14'9''
Kitchen
Additional Accommodation
11'4'' x 13'5''
Dining room
Additional Accommodation
11'4'' x 8'2''
Bedroom
Additional Accommodation
11'3'' x 9'11''
Full bathroom
Additional Accommodation
8'10'' x 6'
Other
Secondary Dwelling Unit
8' x 7'10''
Living room
Secondary Dwelling Unit
11'8'' x 10'5''
Kitchen
Secondary Dwelling Unit
11'7'' x 9'6''
Dining room
Secondary Dwelling Unit
11'6'' x 7'1''
Living room
Secondary Dwelling Unit
21'1'' x 13'8''
Kitchen
Secondary Dwelling Unit
12' x 9'
Parking Spaces
Name
Spaces
See Remarks
Carport
Other
Rear
Stall
Land
Total Size
0.15 acres
Access Type
Easy access
Amenities
Public Transit, Airport, Park, Recreation, Schools, Shopping
Landscape Features
Level
Sewer
Municipal sewage system
Size of Irregular Land
0.15
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