755-759 Francis Avenue Active Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1Y5G6
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
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 11'7'' x 10'7'' Primary Bedroom
Extra Room 2 Second level 9'4'' x 12' Bedroom
Extra Room 3 Second level 9'11'' x 10'6'' Primary Bedroom
Extra Room 4 Second level 9' x 11'2'' Bedroom
Extra Room 5 Main level 11'4'' x 11'2'' Primary Bedroom
Extra Room 6 Main level 14'11'' x 19'7'' Living room
Interior
Heating See remarks
Cooling Central air conditioning,See Remarks
Fireplaces Type Decorative
Exterior
Garage Yes
Community Features Family Oriented,Pets Allowed,Pet Restrictions,Rentals Allowed
Waterfront No
View Y/N No
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Architectural Style Other
Others
Ownership Freehold