755-759 Francis Avenue, kelowna, British Columbia V1Y5G6

755-759 Francis Avenue For Sale

$ 1,599,900

$ 394 / Sq. Ft.

©MLS 10323437
Area 4060 sq ft
Bedrooms 9
Bathrooms 6

Description

MULTI-FAMILY, INVESTORS, RENTAL PROPERTY Families looking for rental units. MAIN HOUSE with LEGAL SUITE AND FULL DUPLEX IN THE LANEWAY. 9 BEDROOMS IN TOTAL. 4 FULL BATHROOMS AND 2 HALF BATHS IN TOTAL. 4 KITCHENS IN TOTAL. MAIN FLOOR - main house main floor Basement- main house basement suite Third Floor- 759 laneway Second Floor - 757 laneway Fantastic opportunity to own a multi-family property in a prime location in Kelowna. Centrally located in Kelowna South, this property is close to all amenities including shopping, restaurants, schools and parks and transit, and hospital. This UNIQUE property offers a Main house with a 2 bedroom 1 bath legal suite AS WELL AS a full side by side duplex in the laneway with its own parking. The main house was built approx. 1965 and has had some updates including the roof. The Duplex was built in 2019. The main house has 3 beds 1 bath up and an additional 2 beds 1 bath down. Each duplex has 2 beds and a flex space, 1.5 baths. SEE THE FLOOR PLANS FOR EACH SPACE. 755A, 755B, 757, 759 are all tenanted. Combined monthly income currently is $7,608.00 with 3 of the 4 units already given rent increase notices for January. Rental income as of January 2025 will be $7788. per month. CAP RATE currently of 5.25% (Jan 2025 CAP is approx. 5.39%) Options to redevelop main house, potentially stratify. Well maintained property and managed by a property manager. Appointments necessary. (id:48970) Show More

Details

Constructed Date: 1965
Property Type: Single Family
Type: Fourplex
Access Type: Easy access
Architectural Style: Other
Neighbourhood: Kelowna South

Ammenities + Nearby

Public Transit
Airport
Park
Recreation
Schools
Shopping
Public Transit
Airport
Park
Recreation
Schools
Shopping

Features

Level lot
Family Oriented
Pets Allowed
Pet Restrictions
Rentals Allowed
Central air conditioning
See Remarks
See remarks

Rooms Details For 755-759 Francis Avenue

Type	Level	Dimension
Full bathroom	Second level	Measurements not available
Primary Bedroom	Second level	11'7'' x 10'7''
Bedroom	Second level	9'4'' x 12'
Primary Bedroom	Second level	9'11'' x 10'6''
Bedroom	Second level	9' x 11'2''
4pc Bathroom	Second level	7'1'' x 5'5''
2pc Bathroom	Main level	4'9'' x 5'11''
2pc Bathroom	Main level	5'1'' x 4'9''
Primary Bedroom	Main level	11'4'' x 11'2''
Living room	Main level	14'11'' x 19'7''
Kitchen	Main level	9'5'' x 12'3''
Dining room	Main level	9'9'' x 9'11''
Bedroom	Main level	9'3'' x 10'1''
Bedroom	Main level	11'4'' x 9'7''
4pc Bathroom	Main level	9'4'' x 6'11''

Location

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