Quick Summary
Quick Summary
- Massive lot with approved subdivision application
- Potential for two fourplex builds
- Currently rented house generating income
- Detached shop previously rented out
- Prime corner lot location
- Close to amenities and transit
- Zoning changes make smart investment
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... Show More
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:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Utilities
Rooms
Den
9′1″ x 9′6″
Bedroom
9′9″ x 11′7″
Bedroom
5′ x 8′2″
Full bathroom
Bathroom
Laundry room
5′4″ x 12′3″
4pc Bathroom
4′11″ x 9′8″
Ownership Details
Ownership
Source
Listing Brokerage
Book A Private Showing
For Sale Nearby
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