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755-759 Francis Avenue | $1,599,900
Dawn Rosin Agent Photo
Dawn
Rosin
C. (250) 231-1765
 P. (250) 480-3000
 Phone Dawn
Fair Realty
191 Baker Street
 Nelson, BC
 Canada V1L 4H1

Details

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Years



Address 755-759 Francis Avenue
AreaCentral Okanagan
Sub AreaKS - Kelowna South
State/ProvinceBritish Columbia
CountryCanada
Price$1,599,900
Property TypeFourplex
Bedrooms9
Bathrooms2
Half Baths0
Floor Space4060 Square Feet
Lot Size0.15 Acres
WaterfrontNo
Year Built1965
Taxes $7,169
Tax Year2024
MLS® #10323437

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.

Listed by MACDONALD REALTY INTERIOR

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

I was born and raised the the beautiful West Kootenay areas of Trail, Fruitvale and Montrose. My vast knowledge of the area, and expertise in real estate means I can offer my clients an outstanding level of service. My formal education and training, in harmony with my many years of experience purchasing, owning, and selling property, allows me to excel at every level of the real estate transaction.
Known by clients and colleagues alike for my tenacity, perseverance, honesty and fairness.
I credit the values instilled in me by my parents and upbringing as being vital to my professional success. I have been licensed as a REALTOR in good standing for over 32 years and have received a number of awards throughout this time. I take pride in providing outstanding service to my clients and work hard to get the results you want. I enjoy a stellar reputation for quick, timely response to each clients needs and concerns.  Contact me dawnrosin2@gmail.com


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