Property Description
Priced below assessed value and LEGAL SUITE! Exceptional investment opportunity with outstanding future redevelopment potential! Situated on a large, flat lot in a desirable family-friendly neighbourhood, this versatile property is zoned MF1, offering exciting possibilities for future development potential. The home features 7 bedrooms plus a den, including a spacious and fully self-contained 2-bedroom legal suite (currently being used as a 3 bedroom suite), making it an excellent income-generating property or ideal for multi-generational living. The upper level is currently rented for $3,500/month plus utilities, while the suite generates an additional $2,500/month plus utilities, providing strong rental income. An additional summer kitchen offers even more flexibility for extended family or entertaining. Major mechanical updates have already been completed, including a new furnace, hot water tank, and air conditioner, offering peace of mind for years to come. Located in a sought-after neighbourhood close to excellent schools, parks, public transit, shopping, restaurants, and everyday amenities, this property offers both immediate cash flow and long-term upside. (id:6770)
Overview
Price
$
959,000
MLS #
10394265
Age
1991
Size
3584 sqft
Lot Size
0.21
acres
Bedrooms
7
Bathrooms
5
Exterior
Vinyl siding
Cooling
Central air conditioning
Appliances
Refrigerator, Dishwasher, Cooktop - Electric, Oven - Electric, Range - Electric, Washer & Dryer
Water
Municipal water
Sewer
Municipal sewage system
Flooring
Carpeted
Property Type
Single Family
Roof
Unknown
Stories
2
Listing Office
Royal LePage Kelowna
Additional Accommodation
Living room
15'6'' x 19'7''
Kitchen
7'11'' x 11'11''
Bedroom
11'8'' x 14'
Bedroom
14'5'' x 14'1''
Full bathroom
7' x 7'3''
Lower level
Bedroom
9'11'' x 13'8''
Other
15'2'' x 20'10''
Utility room
3'7'' x 7'
Kitchen
7'10'' x 6'2''
4pc Bathroom
5'9'' x 10''
4pc Bathroom
6'6'' x 9'1''
Foyer
15'2'' x 8'7''
Bedroom
17' x 14'
Main level
Primary Bedroom
13'9'' x 13'11''
Kitchen
11' x 11'
Great room
24'8'' x 18'5''
Family room
13'8'' x 18'11''
Dining room
8' x 11'1''
Other
13'7'' x 8'8''
Bedroom
10' x 14'
Bedroom
10' x 10'11''
5pc Bathroom
7'5'' x 10'2''
4pc Ensuite bath
7'4'' x 5'9''
Begin Your Journey
Whether you seek a waterfront sanctuary or an architectural masterpiece, let us guide you home.
Fill out my online form.