Homes for sale - 755-759 Francis Avenue, Kelowna, BC V1Y5G6

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James Heenan

therealjamesheenan@gmail.com +1(587) 700-2208

$ 1,599,900

Est. payment | -/mo

9 Beds

6 Baths

4,060 SqFt

Save Virtual Tour

$ 1,599,900

Est. payment | -/mo

Save Virtual Tour

9 Beds

6 Baths

4,060 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 4,060 sqft

Price per Sqft $394

Subdivision Kelowna South

MLS® Listing ID 10323437

Style Other

Bedrooms 9

Half Baths 2

Originating Board Association of Interior REALTORS®

Year Built 1965

Lot Size 6,534 Sqft

Acres 6534.0

Property 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:24570)

Location

Province BC

Zoning Unknown

Rooms

Extra Room 1 Second level Measurements not available Full bathroom

Extra Room 2 Second level 11'7'' x 10'7'' Primary Bedroom

Extra Room 3 Second level 9'4'' x 12' Bedroom

Extra Room 4 Second level 9'11'' x 10'6'' Primary Bedroom

Extra Room 5 Second level 9' x 11'2'' Bedroom

Extra Room 6 Second level 7'1'' x 5'5'' 4pc Bathroom

Interior

Heating See remarks

Cooling Central air conditioning, See Remarks

Fireplaces Type Decorative

Exterior

Parking Features Yes

Community Features Family Oriented, Pets Allowed, Pet Restrictions, Rentals Allowed

View Y/N No

Private Pool No

Building

Lot Description Level

Sewer Municipal sewage system

Architectural Style Other

Others

Ownership Freehold

Listed by Macdonald Realty Interior

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(587) 700-2208

therealjamesheenan@gmail.com

510 6 Ave SE ,, Calgary, ALBERTA, None, T2G 1L7, USA

755-759 Francis Avenue Kelowna, BC V1Y5G6