House and Carriage house on a large MF1 zoned lot. This is an investor/developer's dream property. It has strong holding power right now as well as great development potential in the future in an ideal location to maximize your investment now and later. The oversized, 55 ft x 135 ft lot with alley access (.17 acres or 7,425 sqft) allows a developer to build bigger than average units in a future 4 plex or 6-plex that can be sold for more when finished. It would also allow for 2 duplexes instead of 1 fourplex to be built, similar to what was done across the street. In the meantime, the main home and carriage house are bringing in good rental income with great tenants until the time is right to start your development project. Like I said, this is an investor/developers dream property to purchase. (id:2493)
Data was last updated May 2, 2024 at 11:15 PM (UTC)
Area Statistics
Listings on market:
255
Avg list price:
$1,275,000
Min list price:
$54,900
Max list price:
$4,400,000
Avg days on market:
45
Min days on market:
1
Max days on market:
407
Avg price per sq.ft.:
$538.2
These statistics are generated based on the current listing's property type
and located in
Kelowna North. Average values are
derived using median calculations.
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