$1,850,000

1175-1179 Raymer Avenue, Kelowna, British Columbia

8

Beds

4

Baths

4,220

Square feet

0.22

Acres

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. There is ample parking for all suites plus an additional 2 car garage which could rented. 2 Parking spots for each suite plus additional parking off Bouvette Street. There is a coin laundry for additional income (appox $100 per month.). This large .22 acre. Current rent breakdown is, 1179B-$1600, 1175B-$1450, 1175A $1050,$4100. 1179A (owner occupied & under renovation potential rents $1600-1800, Garage rents potential $200 p/m ), (B suites are lower level, A suites upper level). 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. Each suite has a private entrance with ample green space for tenants with large shared grass area plus storage areas available. Heating is combination of gas and electric, 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.Solid rubber subfloor soundproofing. (id:6289)

Facts & Features

Listing # 10241435
Price $1,850,000
Bedrooms 8
Bathrooms 4.00
Square Footage 4,220
Acres 0.22
Year Built 1973
Type Single Family
Sub-Type Freehold

Community Information

Address 1175-1179 Raymer Avenue
Subdivision Kelowna South
City Kelowna
Province British Columbia
Postal Code V1Y4Z7

Amenities

Parking Spaces 10
Parking Detached Garage
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Electric, Natural gas Baseboard heaters, Forced air
Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Stucco
Roof Tar & gravel
Foundation Concrete

Listing Details

OfficeMacdonald Realty Kelowna

Listing Map

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