This cash flow rental property boasts an enviable location just steps away from the beach & Kelowna General Hospital. Featuring an impressive layout of 12 bedrooms & 14 bathrooms spread over 6,350 sq ft of living space, this property offers endless investment possibilities. Situated on a large .2-acre lot, this property is currently zoned MF1B with C-NHD future zoning, opening doors to lucrative development opportunities and ensuring value appreciation over time. Fully rented and Fully property managed, there are shared kitchen, laundry room, lobby, dining room, entertainment space, outdoor BBQ, manager's suite (with kitchen) etc. This investment guarantees an immediate stream of income, fueling your financial aspirations from day one. And let's not forget about the unbeatable location – nestled within Pandosy Village, you'll be surrounded by commercial retails, restaurants, parks, and the tranquil beach just a block away. This investment isn't just about immediate returns; it's about securing your future in one of Kelowna's most sought-after areas. With potential for various business opportunities such as boarding or lodging houses, group homes, childcare, home-based businesses, care homes, senior centers, and more, the possibilities are endless. Don't miss out on this rare opportunity to invest in both cash flow and future development potential in Kelowna's premier neighborhood (id:2493)
Property Type:
Single Family
Size Interior:
6,350 sq. ft.589.934 m2
Transaction Type:
For sale
Ownership Type:
Freehold
Community:
Kelowna South
Amenities:
Park, Recreation, Schools, Shopping
Features:
Level lot, Private setting, Central island, One Balcony
Waterfront:
Other
Building Type:
House
Appliances Included:
Refrigerator, Dishwasher, Dryer, Range - Electric, Washer
Listed by Sage Executive Group Real Estate - Letnick Estates
Data was last updated May 1, 2024 at 11:15 AM (UTC)
Area Statistics
Listings on market:
196
Avg list price:
$511,400
Min list price:
$199,900
Max list price:
$5,999,000
Avg days on market:
45
Min days on market:
1
Max days on market:
391
Avg price per sq.ft.:
$642.37
These statistics are generated based on the current listing's property type
and located in
Kelowna South. Average values are
derived using median calculations.
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