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885 Walrod Street, Kelowna

Property Description

5 bed home PLUS 2 bed LEGAL SUITE! Incredible value & holding potential. Legal suite was added on to the rear of the home (laneway access) allowing it to be offset from the main part of the house. This makes it so you don't get any of the typical up/down noise transfer between tenants. Main house upper level has 3 beds, 1 bath, well maintained with bright kitchen/living area. Fantastic layout & new deck off the kitchen. LEGAL SUITE offers 2 beds,1 bath, fresh paint, new fridge, plenty of bright living space & its own laundry. Lower level of main home has 2 beds, 1 bath, private laundry & separate entry. Great option for a large family with in laws while still earning income from the legal suite OR buy & hold as an investment w/rental income. City has indicated alignment w/provincial short term rules which opens up this property for being an Air BNB if owner occupies a portion of the home. Plenty of parking available as well as detached shed for storage off the laneway access. Recent landscaping, gutters, exterior updates, paint & brand new roof in 2024. Turn-key opportunity for someone to step in & add to their investment portfolio, or reside as a homeowner/landlord & generate rental income from the suite. MF1 zoning. Ideal proximity to shopping, dining, breweries, transportation, Okanagan Lake, Knox Mountain, the new UBCO downtown location & so much more. As far as rentals in Kelowna go, this home shows A+ & currently generates excellent rental income. Reach out for details! (id:43014)

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Full Address:
885 Walrod Street, Kelowna, British Columbia
Price:
$ 1,199,000
MLS Number:
10350375
List Date:
June 3rd, 2025
Neighbourhood:
Kelowna North
Lot Size:
0.16 ac
Year Built:
1958
Taxes:
$ 5,261

Property Details

Bedrooms:
7
Bathrooms:
3
Air Conditioning:
Wall unit
Heating:
Baseboard heaters, Forced air, Electric, See remarks

Interior Features

Architectural Style:
Split level entry
Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Zoning:
Unknown
Garage:
Detached Garage, Other, Rear, RV, Street, See Remarks
Ownership Type:
Freehold
Taxes:
$ 5,261

Building Features

Finished Area:
2759 sq.ft.

Floors

Lot Size:
0.16 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Agent: Lani RaeOffice: Century 21 Assurance Realty Ltd

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5 bed home PLUS 2 bed LEGAL SUITE! Incredible value & holding potential. Legal suite was added on to the rear of the home (laneway access) allowing it to be offset from the main part of the house. This makes it so you don't get any of the typical up/down noise transfer between tenants. Main […]
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885 Walrod 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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