1 day on Market

885 WALROD STREET, Kelowna, British Columbia V1Y2S4

Detached
7
3
~2759 sqft
$1,199,000
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Detached
7
3
~2759 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$434/sqft

Est. Mortgage$5,149/mo

Tax Amount ()$5,261/yr

Days On Market1 day


Description

5 bed home PLUS 2 bed LEGAL SUITE! Incredible value & holding potential. Legal suite was added on to the rear of the home (laneway access) allowing it to be offset from the main part of the house. This makes it so you don't get any of the typical up/down noise transfer between tenants. Main house upper level has 3 beds, 1 bath, well maintained with bright kitchen/living area. Fantastic layout & new deck off the kitchen. LEGAL SUITE offers 2 beds,1 bath, fresh paint, new fridge, plenty of bright living space & its own laundry. Lower level of main home has 2 beds, 1 bath, private laundry & separate entry. Great option for a large family with in laws while still earning income from the legal suite OR buy & hold as an investment w/rental income. City has indicated alignment w/provincial short term rules which opens up this property for being an Air BNB if owner occupies a portion of the home. Plenty of parking available as well as detached shed for storage off the laneway access. Recent landscaping, gutters, exterior updates, paint & brand new roof in 2024. Turn-key opportunity for someone to step in & add to their investment portfolio, or reside as a homeowner/landlord & generate rental income from the suite. MF1 zoning. Ideal proximity to shopping, dining, breweries, transportation, Okanagan Lake, Knox Mountain, the new UBCO downtown location & so much more. As far as rentals in Kelowna go, this home shows A+ & currently generates excellent rental income. Reach out for details! (id:39198)


Property Details

StyleHouse
View-
Age of property1958
SqFt~2759 SqFt
Lot Size-
Parking Spaces-
MLS ®Number10350375
Community NameCentral City
Data SourceCREA
Listing byCentury 21 Assurance Realty Ltd

Features

Heating: Baseboard heaters, Forced air, Electric, See remarks
Cooling: Wall unit

Third level Floor

4pc Bathroom

7'10'' x 4'11''

Living room

11'10'' x 16'3''

Bedroom

9'8'' x 11'10''

Dining room

8'5'' x 9'0''


Property History

Jun 3, 2025
ListedActive
$1,199,000
1 day on market
history photo preview48
Listing by crea®
Property listed by Century 21 Assurance Realty Ltd, Brokerage
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Population and Demographics

Overview

Total population 25871
Average household income $101,308

Age (%)

20 to 34
28%
65 and plus
24%
35 to 49
19%
50 to 64
18%
0 to 19
12%

Household composition (%)

Single person
47%
Single family
43%
Multi person
9%
Multi family
0%

Mother tongue (%)

English
88%
Others
4%
German
2%
French
2%
Tagalog (Pilipino, Filipino)
1%
Spanish
1%

House tenancy (%)

Renters
55%
Owners
45%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

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