102 days on Market

755-759 Francis Avenue, Kelowna, British Columbia V1Y5G6

Detached
9
6
~4060 sqft
$1,599,900
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Detached
9
6
~4060 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$394/sqft

Est. Mortgage$6,871/mo

Tax Amount ()-

Days On Market102 days


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:39198)


Property Details

StyleFourplex
View-
Age of property1965
SqFt~4060 SqFt
Lot Size-
Parking Spaces-
MLS ®Number10323437
Community NameSouth Pandosy - KLO
Data SourceCREA
Listing byMacdonald Realty Interior

Features

Heating: See remarks
Cooling: Central air conditioning, See Remarks

Second level Floor

Bedroom

9'4'' x 12'

Primary Bedroom

9'11'' x 10'6''

4pc Bathroom

7'1'' x 5'5''

Full bathroom


Features

Municipal sewage system

Property listed by Macdonald Realty Interior, Brokerage
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Population and Demographics

Overview

Total population 14169
Average household income $105,554

Age (%)

65 and plus
35%
20 to 34
20%
50 to 64
17%
35 to 49
15%
0 to 19
13%

Household composition (%)

Single family
52%
Single person
39%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
87%
Others
5%
German
3%
French
2%
Punjabi (Panjabi)
1%

House tenancy (%)

Owners
66%
Renters
34%

Schools and amenities

Estimated Budget

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