TRUE INVESTMENT OPPORTUNITY! Massive 18,300sqft subdividable lot with the application to subdivide already in place with the city of Kelowna! Potential to build TWO fourplexs on this property, one on each lot. With city of Kelowna zoning changes coming into affect soon this is a very smart investment for immediate redevlopment or as a holding property to develop in the future. The house is currently being rented for $2,700 per month plus utilities on month to month basis. There is a large 24ft X 24ft detached shop with 200 amp power supply which was previously rented out as well so this property could generate you over $3100 per month in passive income. Prime location with maximum exposure as this lot is right on the corner of Rutland Road and Wallace. Extremely close to all amenities, shops, schools and public transit. (id:2493)
Property Type:
Single Family
Size Interior:
1,601 sq. ft.148.738 m2
Transaction Type:
For sale
Ownership Type:
Freehold
Community:
Rutland North
Amenities:
Golf Nearby, Airport, Park, Recreation, Schools, Shopping
Community Features:
Family Oriented
Building Type:
House
Bedrooms:
3
Bathrooms:
2.0
Half Bathrooms:
0
Age:
84 years
Construction Style Attachment:
Detached
Cooling:
Wall unit
Exterior Finish:
Stucco, Vinyl siding
Fireplace:
No
Floor finish:
Carpeted, Laminate, Tile
Heating:
Forced air, See remarks
Roof Style:
Asphalt shingle, Unknown
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Land Amenities:
Golf Nearby, Airport, Park, Recreation, Schools, Shopping
Data was last updated May 5, 2024 at 03:45 PM (UTC)
Area Statistics
Listings on market:
169
Avg list price:
$1,399,000
Min list price:
$155,000
Max list price:
$3,395,000
Avg days on market:
40
Min days on market:
2
Max days on market:
347
Avg price per sq.ft.:
$699.5
These statistics are generated based on the current listing's property type
and located in
Rutland North. Average values are
derived using median calculations.
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