1175-1179 Raymer Avenue,Kelowna, BC V1Y4Z7
Kelowna, BC V1Y4Z7
Description
4 SUITES $7,087/MONTH RENTAL INCOME 0.22-ACRE MF1 LOT Well-maintained and thoughtfully upgraded, this fourplex offers an excellent investment opportunity with strong rental income, spacious suites and valuable future potential. Situated on a generous 0.22-acre MF1-zoned lot with convenient dual access from both Raymer Avenue and Bouvette Street, the property combines functionality with long-term upside. The building features four spacious 2-bedroom, 1-bathroom suites, each with its own private entrance and outdoor living area surrounded by generous green space. The upper suites are approximately 1,100 sq. ft. each, while the lower suites are approximately 1,000 sq. ft. each. All suites have been well cared for and thoughtfully upgraded. Tenants enjoy designated parking, on-site storage and convenient coin laundry, adding to the property's appeal and ease of management. Current rents total an impressive $7,087/month, with 1179A at $1,800, 1179B at $2,100, 1175A at $1,367 and 1175B at $1,820. With four established rental units, a large MF1-zoned lot, dual access and strong existing income, 1175-1179 Raymer Avenue is an attractive opportunity for investors looking for reliable cash flow and future potential in a desirable location. (id:13843)
Details
| MLS # | 10394668 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Status | Active |
| Year | 1973 |
| Days On Site | 104 |
| Listing Provided By | Judy Lindsay Okanagan | Herman Neustaedter |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 4,220 |
| Story(s) | 2 |
| Acreage | 0.22 |
Interior
| Heating | Baseboard heaters, Forced air, Electric, See remarks |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Roof | Tar & gravel, Unknown |
|---|---|
| Lot Features | Level lot, Private setting |
| Fencing | Fence |
Parking
| Parking Features | Street |
|---|---|
| Parking Total | 8 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 8571 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y4Z7 |
| Listing VS Median (in V1Y4Z7) | |
Price: $1,749,000 low | high Med: $1,249,000 sqft: 4,220 low | high Med: 2,796 $ / sqft: $414 low | high Med: $480 On site: 104 low | high Med: 120.5 | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Kelowna |
| Postal Code | V1Y4Z7 |
| Listing VS Median (in V1Y4Z7) | |
Price: $1,749,000 low | high Med: $1,249,000 sqft: 4,220 low | high Med: 2,796 $ / sqft: $414 low | high Med: $480 On site: 104 low | high Med: 120.5 | |