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RE/MAX Crest Realty
300 – 1195 W Broadway, Vancouver, BC V6H 3X5
C: 604.671.7000
E: les@6717000.com
C: 604.671.7000
E: les@6717000.com
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- ©MLS 10323437
- Area 4060 sq ft
- Bedrooms 9
- Bathrooms 6
Description
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:48970) Show More
Details
- Constructed Date: 1965
- Property Type: Single Family
- Type: Fourplex
- Access Type: Easy access
- Architectural Style: Other
- Neighbourhood: Kelowna South
Ammenities + Nearby
- Public Transit
- Airport
- Park
- Recreation
- Schools
- Shopping
- Public Transit
- Airport
- Park
- Recreation
- Schools
- Shopping
Features
- Level lot
- Family Oriented
- Pets Allowed
- Pet Restrictions
- Rentals Allowed
- Central air conditioning
- See Remarks
- See remarks
Rooms Details For 755-759 Francis Avenue
| Type | Level | Dimension |
|---|---|---|
| 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'' |
Location
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Data provided by: Okanagan-Mainline Real Estate Board