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1175-1179 Raymer Avenue, Kelowna, British Columbia V1Y 4Z7

$1,800,000

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 1179A (owner occupied & under renovation, will rent back @$1500) Total-$4100 (B suites are lower level, A suites upper level).Potential garage rents at $200 p/m. 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 15yrs. Solid rubber subfloor sound proofing. (id:25164)

Property Details

MLS® Number 10242347
Property Type Multi-family
Neigbourhood Kelowna South
Parking Space Total 8

Building

Constructed Date 1973
Exterior Finish Stucco
Roof Material Tar & Gravel
Roof Style Conventional
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 0.22
Size Total 0.22 Ac|under 1 Acre
Size Total Text 0.22 Ac|under 1 Acre

Utilities

Sewer Available

https://www.realtor.ca/real-estate/23780460/1175-1179-raymer-avenue-kelowna-kelowna-south


Macdonald Realty Kelowna
2700 Richter St
Kelowna, British Columbia V1Y 2R5

(250) 860-4300
(250) 860-1600

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