Address
1175-1179 Raymer Avenue Kelowna, BC
Price
$ 1,850,000
Property Attributes
  • MLS#10242347
  • TypeCommercial
  • CityKelowna
  • AreaCentral Okanagan
  • NeighbourhoodKS - Kelowna South
  • Postal CodeV1Y 4Z7
  • StyleMultifamily
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size9,583 SqFt
Listing Provided Courtesy Of:
Macdonald Realty Kelowna
Data Source:
Canada - Okanagan Mainline Real Estate Board (OMREB) - 444 - CAN
Property Description

Exceptional holding and investment property in one of Kelowna's most desirable locations. This fourplex offers 4 2 bed 1 bath spacious suites. Lower 2 suites are 1000 sqft. Upper suites are 1100 sqft with private decks. All have outdoor living space. Ample parking for all suites. Current rent breakdown is, 1179B-$1600, 1175B-$1450, 1175A $1050,$4100. 1179A (owner occupied & under renovation-potential$1600-1800), (B suites are lower level, A suites upper level).Potential garage rents at $200 p/m. Utilities are included for all suites. Expenses-Insurance $3363, outdoor/snow and lawn $1300-1500, taxes $5786, utilities $9,2335.45(Total expenses=$19,884.45) Rents are significantly under market rates. All suites have been very well maintained with some updates. Newer appliances in 3 suites, including vented hood fans, roof (tar and gravel) 14 years old, new lighting installed throughout, recently building has been painted, newer hot water tanks (2017) gas furnaces 15 years old.

General Features

Acres 0.220
Area Kelowna South
Construction Frame - Wood
DOM 37
Flooring Carpeting/Wall-to-Wall
Fuel Electricity, Natural Gas
Listing Office Macdonald Realty Kelowna
Roof Tar and Gravel
Status Active
Terms For Sale

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V1Y 4Z7

Price
AVG $1.85M
$1.85M
Visits
AVG 15
14
Year Built
AVG 1973
1973
Walkscore
AVG 63
63
Data Provided by Walkscore ® not using MLS data