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885 Walrod Street, Kelowna

Property Description

Investment Opportunity! Rare 7 bedroom, 3 bathroom home incl. a 2 bed LEGAL SUITE plus an IN LAW SUITE. Incredible value and holding potential here. Main house upper level has 3 beds, 1 bath, nicely maintained with bright kitchen/living area. Fantastic layout and new deck off the kitchen. Downstairs in law suite has 2 beds, 1 bath, lots of natural light and is well kept with its own laundry. LEGAL SUITE offers 2 beds, 1 bath and features fresh new paint, new fridge, & plenty of bright living space & windows and its own laundry. Great option for a large family with in laws while still earning income from the legal suite OR buy & hold as an investment with rental income. Plenty of parking available as well as detached garage off the laneway access in the back. Recent landscaping, gutters, exterior updates and brand new roof in 2024. This home is a turn-key opportunity for someone to step in & add to their investment portfolio, or reside as a homeowner/landlord and generate rental income from the suite. New MF1 zoning. Steps away from Walrod park, the location doesn't get any better. 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+ and currently generates $78,000 annually in rental income. ($6,500/per month) Get in touch today! (id:43014)

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Full Address:
885 Walrod Street, Kelowna, British Columbia
Price:
$ 1,229,000
MLS Number:
10319303
List Date:
July 10th, 2024
Neighbourhood:
Kelowna North
Lot Size:
0.16 ac
Year Built:
1958
Taxes:
$ 5,027

Property Details

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

Interior Features

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:
$ 5,027

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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Investment Opportunity! Rare 7 bedroom, 3 bathroom home incl. a 2 bed LEGAL SUITE plus an IN LAW SUITE. Incredible value and holding potential here. Main house upper level has 3 beds, 1 bath, nicely maintained with bright kitchen/living area. Fantastic layout and new deck off the kitchen. Downstairs in law suite has 2 beds, […]
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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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