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Krissy Lee

Sales Consultant, Partner

  • Office 250-717-3133
Questions?

175 Nickel Road, Kelowna, British Columbia – $1,099,900

  • 10 Beds
  • 8 Baths
  • 4,000 Sqft
  • .18 Acres
  • 10 Beds
  • 8 Baths
  • 4,000 Sqft
  • .18 Acres

175 Nickel Road

Attention Investors!!!! This is a fantastic rental property with a 4.8% cap rate even though all tenants are paying well below market rents (upwards of 6% cap would be achieved at market rents). Full side-by-side duplex with self-contained 2bed/2bath suites on both sides. Excellent holding property or a great way to turn a quick profit by stratifying and selling both sides separately. This property is generating 4 income streams and netting upwards of $53k/yr. Potential to stratify the property and realize immediate equity appreciation as well. Currently fully rented to long term quality tenants who would love to stay. Property is minutes to all shopping amenities and walking distance to the direct bus route to UBCO and has tons of parking. 3 beds up with 2 baths, and 2 bed with 2 baths down, on each side. This is the low hassle, cash flow holding property you have been waiting for. VIRTUAL TOUR: https://my.matterport.com/show/?m=775pD6ndJSX (id:6289)

Essential Information

  • Listing #10223959
  • Price$1,099,900
  • Bedrooms10
  • Bathrooms8.00
  • Square Footage4,000
  • Acres0.18
  • Year Built1993
  • TypeSingle Family
  • Sub-TypeFreehold
  • StyleGround level entry

Community Information

  • Address175 Nickel Road
  • SubdivisionRutland North
  • CityKelowna
  • ProvinceBritish Columbia
  • Postal CodeV1X4E5

Amenities

  • Parking Spaces8
  • ParkingAttached Garage
  • # of Garages1

Amenities

Golf Course, Shopping, Schools, Park, Public Transit

Features

Central location, Balcony, Level

Interior

  • CoolingCentral air conditioning
  • Has BasementYes
  • BasementSeparate entrance, Walk-up

Appliances

Dryer - Electric, Refrigerator, Washer, Range - Electric, Dishwasher

Heating

Electric, Natural gas Baseboard heaters, Forced air

Exterior

  • ExteriorVinyl siding
  • RoofAsphalt shingle
  • FoundationConcrete

Exterior Features

Landscaped, Garden Area, Fully landscaped

Listing Details

Office

Century 21 Assurance Realty Ltd

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Century 21 Assurance Realty Ltd.