Dallas Markovina Personal Real Estate Corporation - 250-870-6145
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Single Family in Kelowna
- 74
- 194
12 Bedrooms
8 Bathrooms- 4472 Sq Ft
Property Type
Single Family
Description
Opportunities like this don’t come up often—especially not in this condition. Set in the heart of Rutland, this well-maintained four-plex is tailor-made for investors and developers looking for solid income today and big upside tomorrow. The property not only has development potential but also has a significant rental uptake potential. The property currently sits at 4.34% cap rate generating over $98,000 annually currently. With MF2 zoning allowing for future redevelopment potential (up to 7-8 townhomes), this 0.40-acre property is as strategic as it is smart. This fully tenanted property is ideal for holding while you plan your next move. Each of the four units is set up as a 2 storey townhome with 3 bedrooms and 1.5 bathrooms. Each unit their own outdoor space, parking, and dedicated storage. The condition is clean, functional, and tenant-friendly, making it easy to keep full and cash flowing. Located steps from transit, shops, restaurants, and schools, this is a high-demand rental pocket with long-term development value. Rarely do four-plexes in this shape hit the market—especially with zoning this favorable. (id:6769)
Property Details
Subarea
Rutland South
Lot
0.4
Year Built
1968
Sewer
Septic tank
Parking Type
4
Rooms Dimension
| Room | Floor | Dimension |
|---|---|---|
| 3pc Bathroom | Second level | 6'7'' x 8'1'' |
| Primary Bedroom | Second level | 11'2'' x 11'9'' |
| Bedroom | Second level | 12'2'' x 9'8'' |
| Bedroom | Second level | 8'7'' x 8'8'' |
| Other | Second level | 5'1'' x 11'5'' |
| 3pc Bathroom | Second level | 7'2'' x 8'3'' |
| Primary Bedroom | Second level | 11'4'' x 11'10'' |
| Bedroom | Second level | 9'11'' x 12'5'' |
| Bedroom | Second level | 8'7'' x 8'9'' |
| Other | Second level | 5'2'' x 8'0'' |
| Other | Second level | 7'2'' x 4'3'' |
| 3pc Bathroom | Second level | 7'2'' x 7'11'' |
| Bedroom | Second level | 10'11'' x 11'7'' |
| Primary Bedroom | Second level | 9'9'' x 12'3'' |
| Bedroom | Second level | 8'3'' x 8'9'' |
| Other | Second level | 8'3'' x 10'3'' |
| Other | Second level | 5'1'' x 11'5'' |
| Bedroom | Second level | 8'7'' x 8'8'' |
| Bedroom | Second level | 12'2'' x 9'8'' |
Listing Agent
Amanda Tak
(250) 801-4322
Brokerage
Vantage West Realty Inc.
(250) 717-3133
Disclaimer:
The property information on this website is derived from the Canadian Real Estate Association''s Data Distribution Facility (DDF®). DDF® references real estate listings held by various brokerage firms and franchisees. The accuracy of information is not guaranteed and should be independently verified. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Listing data last updated date: 2025-06-19 03:26:38
