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Brandon Grass

brandon@brandongrass.com +1(250) 212-5672

$ 1,925,000

Est. payment -/mo

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1287-1289 Lawrence Avenue Kelowna, BC V1Y6M5

8 Beds

4 Baths

4,018 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 4,018 sqft

Price per Sqft $479

Subdivision Glenmore

MLS® Listing ID 10350722

Style Split level entry

Bedrooms 8

Year Built 1960

Lot Size 0.280 Acres

Acres 0.28

Property Sub-Type Freehold

Source Association of Interior REALTORS®

Property Description

This rare 4-plex has all the things going for it that investors want such as a location that tenants love, loads of parking for their vehicles and toys and affordable rates. This proven revenue maker is well kept with many recent upgrades and improvements. As a result, tenants love it. They walk to eveything they need. Each unit has two bedrooms and one bathroom for a total of 8 bedrooms and 4 bathrooms, their own laundry ( 8 machines total) and their own heat. Each side is separately metered. $5,980 monthly revenue with one side paying half utilities and the other having it included in their rent. There is potential for rent upsizing over time so this could be an excellent holding property while rents rise. There is room for an additional 4-plex on the property or maybe even more density with more height. This combination of land and building in a great location is hard to beat. (id:24570)

Location

Province BC

Zoning Unknown

Rooms

Kitchen 3.0

Extra Room 1 Lower level 5'8'' x 12'6'' Laundry room

Extra Room 2 Lower level 12'7'' x 9'11'' 3pc Bathroom

Extra Room 3 Lower level 12'7'' x 9'11'' 3pc Bathroom

Extra Room 4 Lower level 14'1'' x 10'1'' Bedroom

Extra Room 5 Lower level 14'1'' x 10'1'' Bedroom

Extra Room 6 Lower level 12'9'' x 8'5'' Bedroom

Interior

Heating Baseboard heaters,

Cooling Window air conditioner

Exterior

Parking Features No

Fence Fence

Community Features Family Oriented, Pets Allowed

View Y/N No

Roof Type Unknown

Total Parking Spaces 7

Private Pool No

Building

Lot Description Landscaped

Story 2

Sewer Municipal sewage system

Architectural Style Split level entry

Others

Ownership Freehold

Listed by Coldwell Banker Horizon Realty

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