755-759 Francis Avenue Kelowna, British Columbia V1Y 5G6
$1,599,900
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:46227)
Property Details
| MLS® Number | 10323437 |
| Property Type | Single Family |
| Neigbourhood | Kelowna South |
| Amenities Near By | Public Transit, Airport, Park, Recreation, Schools, Shopping |
| Community Features | Family Oriented, Pets Allowed, Pet Restrictions, Rentals Allowed |
| Features | Level Lot |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 9 |
| Architectural Style | Other |
| Constructed Date | 1965 |
| Cooling Type | Central Air Conditioning, See Remarks |
| Fireplace Fuel | Unknown |
| Fireplace Present | Yes |
| Fireplace Type | Decorative |
| Heating Type | See Remarks |
| Size Interior | 4060 Sqft |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| See Remarks | |
| Carport | |
| Other | |
| Rear | |
| Stall |
Land
| Access Type | Easy Access |
| Acreage | No |
| Land Amenities | Public Transit, Airport, Park, Recreation, Schools, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.15 |
| Size Total | 0.15 Ac|under 1 Acre |
| Size Total Text | 0.15 Ac|under 1 Acre |
| Zoning Type | Unknown |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 11'7'' x 10'7'' | ||
| Second Level | Bedroom | 9'4'' x 12' | ||
| Second Level | Primary Bedroom | 9'11'' x 10'6'' | ||
| Second Level | Bedroom | 9' x 11'2'' | ||
| Main Level | Primary Bedroom | 11'4'' x 11'2'' | ||
| Main Level | Living Room | 14'11'' x 19'7'' | ||
| Main Level | Kitchen | 9'5'' x 12'3'' | ||
| Main Level | Dining Room | 9'9'' x 9'11'' | ||
| Main Level | Bedroom | 9'3'' x 10'1'' | ||
| Main Level | Bedroom | 11'4'' x 9'7'' | ||
| Main Level | 4pc Bathroom | 9'4'' x 6'11'' | ||
| Additional Accommodation | Primary Bedroom | 9'11'' x 11'5'' | ||
| Additional Accommodation | Living Room | 11'7'' x 14'9'' | ||
| Additional Accommodation | Kitchen | 11'4'' x 13'5'' | ||
| Additional Accommodation | Dining Room | 11'4'' x 8'2'' | ||
| Additional Accommodation | Bedroom | 11'3'' x 9'11'' | ||
| Additional Accommodation | Full Bathroom | 8'10'' x 6' | ||
| Secondary Dwelling Unit | Other | 8' x 7'10'' | ||
| Secondary Dwelling Unit | Living Room | 11'8'' x 10'5'' | ||
| Secondary Dwelling Unit | Kitchen | 11'7'' x 9'6'' | ||
| Secondary Dwelling Unit | Dining Room | 11'6'' x 7'1'' | ||
| Secondary Dwelling Unit | Partial Bathroom | 4'9'' x 5'11'' | ||
| Secondary Dwelling Unit | Full Bathroom | 7'1'' x 5'5'' | ||
| Secondary Dwelling Unit | Living Room | 21'1'' x 13'8'' | ||
| Secondary Dwelling Unit | Kitchen | 12' x 9' | ||
| Secondary Dwelling Unit | Partial Bathroom | 5'1'' x 4'9'' |
https://www.realtor.ca/real-estate/27408582/755-759-francis-avenue-kelowna-kelowna-south
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November 15 2024 12:54:42
Okanagan-Mainline Real Estate Board
Macdonald Realty Interior