$1,850,000
Prime investment opportunity in the Glenmore area of Kelowna. Gross potential MONTHLY revenue of $11,000+, easily scaled up higher. 0.563 acre lot, currently zoned RU2 but with future land use of C-NHD; potential rezoning to MF1 / MF2 to allow for a multi-family use. Main floor with 10 bedrooms... yes you read that right. Lower level with additional 4 bedrooms. 5 bathrooms total. 14 bedroom 5798 sq.ft. home is prime for rental revenue while waiting for your future development; alternatively, one could potentially rezone the site, and build additional unit(s) on the excess land for even further cash flow. The property has 2 street frontages. This is one of the rare properties where it carries immense value as-is as a cash flow asset; you can easily pay off the mortgage + retain profit while you decide on what you want to do with the land. Now that the OCP is in and its clear what you can accomplish on this C-NHD designated property, the choice is yours on how you decide to best utilize this property. Do not visit the property without an appointment. Recent renovations include flooring changes in the main part of the home, basement suite walls, ceiling, pot lights, paint etc., main house furnace + AC 2022. (id:50889)
Property Details
MLS® Number
10303238
Neigbourhood
North Glenmore
Features
Irregular Lot Size
ParkingSpaceTotal
10
ViewType
Mountain View, Valley View
Building
BathroomTotal
5
BedroomsTotal
14
ArchitecturalStyle
Other
ConstructedDate
1975
ConstructionStyleAttachment
Detached
CoolingType
Central Air Conditioning
ExteriorFinish
Aluminum, Brick
FireplaceFuel
Gas
FireplacePresent
Yes
FireplaceType
Unknown
HeatingType
See Remarks
RoofMaterial
Asphalt Shingle
RoofStyle
Unknown
StoriesTotal
2
SizeInterior
5798 Sqft
Type
House
UtilityWater
Municipal Water
Land
Acreage
No
Sewer
Municipal Sewage System
SizeIrregular
0.56
SizeTotal
0.56 Ac|under 1 Acre
SizeTotalText
0.56 Ac|under 1 Acre
ZoningType
Unknown