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875/877 Jones Street, Kelowna

Property Description

Prime Location – Exceptional Investment Opportunity! Nestled at the base of Knox Mountain, this centrally located property offers unparalleled access to Kelowna’s vibrant downtown lifestyle. Just steps from beaches, parks, hiking trails, the Brewery District, and top-rated restaurants, this location is truly unbeatable. The property features a 2-bedroom, 1-bathroom main house alongside a custom-built 2-bedroom, 2-bathroom carriage home constructed in 2016 by Harmony Homes. The second dwelling presents a fantastic opportunity for rental income, multi-generational living, or guest accommodations. The modern carriage home boasts an open-concept design with a spacious living area, a generous primary suite with direct access to a fully fenced backyard, and contemporary finishes throughout. Meanwhile, the charming main house offers a functional layout with two spacious bedrooms, a full bathroom on the main level, and an unfinished basement, allowing for further potential. Significant upgrades include: Windows (2012), Roof (2015/2016), HWT (2022), Flooring (2020). With MF1 zoning and the potential for rezoning to MF2, this property offers significant development potential in a highly sought-after area. Additionally, the upcoming Tolko Site redevelopment further enhances the future value of this prime investment. Seize the opportunity to own a property in one of Kelowna’s most desirable locations—whether as a personal residence, rental investment, or future development project. (id:43014)

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Full Address:
875/877 Jones Street, Kelowna, British Columbia
Price:
$ 1,220,000
MLS Number:
10337296
List Date:
March 7th, 2025
Neighbourhood:
Kelowna North
Lot Size:
0.15 ac
Year Built:
1959
Taxes:
$ 5,506

Property Details

Bedrooms:
4
Bathrooms:
3
Appliances:
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Flooring:
Tile, Hardwood, Vinyl
Air Conditioning:
Central air conditioning
Heating:
Forced air, See remarks
Fireplaces:
2
Fireplace Type:
Gas, Insert, Unknown
Basement:
Full

Interior Features

Architectural Style:
Other
Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Multi-Family
Exterior:
Stucco
Garage:
Attached Garage, See Remarks
Garage Spaces:
2
Ownership Type:
Freehold
Taxes:
$ 5,506

Building Features

Finished Area:
2786 sq.ft.

Floors

View:
Mountain view
Lot Size:
0.15 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Agent: Chris VealeOffice: Oakwyn Realty Okanagan

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Prime Location – Exceptional Investment Opportunity! Nestled at the base of Knox Mountain, this centrally located property offers unparalleled access to Kelowna’s vibrant downtown lifestyle. Just steps from beaches, parks, hiking trails, the Brewery District, and top-rated restaurants, this location is truly unbeatable. The property features a 2-bedroom, 1-bathroom main house alongside a custom-built 2-bedroom, […]
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875/877 Jones Street, Kelowna

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Kelowna North/Downtown

Looking for a convenient place to call home, close to the action, the beach, great restaurants, shopping and more? Downtown Kelowna is the place for you. Kelowna North consists of Kelowna’s downtown. This is a great neighbourhood for those looking to live amongst the hustle and bustle of Kelowna. The area hosts some of Kelowna’s best restaurants and some fantastic shopping. City Centre Park offers some fantastic beaches and green spaces and is a frequent host to Kelowna’s many festivals and events. Kelowna North is a popular neighbourhood and has something for everyone. Much of Kelowna’s nightlife is concentrated in the downtown area, including pubs, movie theatres, live theatres, and much more. Kelowna North is also home to the Cultural District. The Cultural District is home to museums, art galleries, theatres and much more. You’ll find many older homes as well as newer condos, including the Madison, one of Kelowna’s most sought after condos. One of the most desirable features of this neighbourhood is walkability. Great locally owned shops and restaurants are just a short stroll away. Kelowna North is continuing to grow and is a great place for investors.

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