154 Applebrooke Crescent, Kelowna, British Columbia V1V 1W4
$1,999,000
Prime investment opportunity in the Glenmore area of Kelowna. Gross potential MONTHLY revenue of $11,000+, easily scaled up higher. 0.563 acre lot, currently zoned RU2 but with future land use of C-NHD; potential rezoning to MF1 / MF2 to allow for a multi-family use. Main floor with 10 bedrooms... yes you read that right. Lower level with additional 4 bedrooms. 5 bathrooms total. 14 bedroom 5798 sq.ft. home is prime for rental revenue while waiting for your future development; alternatively, one could potentially rezone the site, and build additional unit(s) on the excess land for even further cash flow. The property has 2 street frontages. This is one of the rare properties where it carries immense value as-is as a cash flow asset; you can easily pay off the mortgage + retain profit while you decide on what you want to do with the land. Now that the OCP is in and its clear what you can accomplish on this C-NHD designated property, the choice is yours on how you decide to best utilize this property. Do not visit the property without an appointment. (id:33638)
Property Details
| MLS® Number | 10270911 |
| Property Type | Multi-family |
| Neigbourhood | North Glenmore |
| View Type | Mountain View, Valley View |
Building
| Constructed Date | 1975 |
| Exterior Finish | Aluminum Siding, Brick |
| Roof Material | Asphalt Shingle |
| Roof Style | Conventional |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.563 |
| Size Total | 0.563 Ac|under 1 Acre |
| Size Total Text | 0.563 Ac|under 1 Acre |
Utilities
| Sewer | Available |
https://www.realtor.ca/real-estate/25404450/154-applebrooke-crescent-kelowna-north-glenmore
Interested?
Contact us for more information
Scott Marshall
Personal Real Estate Corporation
www.scottmarshallhomes.com
https://www.facebook.com/ScottMarshallhomes/
100 - 1553 Harvey Avenue
Kelowna, British Columbia V1Y 6G1
(250) 717-5000
(250) 861-8462
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August 01 2023 12:53:36
Okanagan-Mainline Real Estate Board
RE/MAX Kelowna