861 Martin Avenue
Kelowna
Update on 2023-07-04 10:05:04 AM
$ 1,175,000
5
BEDROOMS
3 + 1
BATHROOMS
0
SQUARE FEET
1960
YEAR BUILT
House and Carriage house on a large MF1 zoned lot. This is an investor/developer's dream property. It has strong holding power right now as well as great development potential in the future in an ideal location to maximize your investment now and later. The oversized, 55 ft x 135 ft lot with alley access (.17 acres or 7,425 sqft) allows a developer to build bigger than average units in a future 4 plex or 6-plex that can be sold for more when finished. It would also allow for 2 duplexes instead of 1 fourplex to be built, similar to what was done across the street. In the meantime, the main home and carriage house are bringing in good rental income with great tenants until the time is right to start your development project. Like I said, this is an investor/developers dream property to purchase.
COMMUNITY | KN - Kelowna North |
TYPE | Residential |
STYLE | Multi/Split |
YEAR BUILT | 1960 |
SQUARE FOOTAGE |
BEDROOMS | 5 |
BATHROOMS | 4 |
BASEMENT | Finished, Separate Entrance |
FEATURES |
GARAGE | No |
PARKING | |
ROOF | Unknown |
LOT SQFT | 0 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | ||
Second Bedroom | ||
Third Bedroom | ||
Dining Room | ||
Family Room | ||
Kitchen | ||
Living Room |
INTERIOR
EXTERIOR
Broker
Century 21 Assurance Realty Ltd
Agent