Situated on a large .2-acre lot, this property is currently zoned MF1B with C-NHD future zoning, opening doors to lucrative development opportunities and ensuring value appreciation over time. With potential for various business opportunities such as boarding or lodging houses, group homes, childcare, home-based businesses, care homes, senior centers, and more, the possibilities are endless. This cash flow rental property boasts an enviable location just steps away from the beach & Kelowna General Hospital. Featuring an impressive layout of 12 bedrooms & 14 bathrooms spread over 6,350 sq ft of living space, this property offers endless investment possibilities. Fully rented and Fully property managed, there are shared kitchen, laundry room, lobby, dining room, entertainment space, outdoor BBQ, manager's suite (with kitchen) etc. This investment guarantees an immediate stream of income, fueling your financial aspirations from day one. And let's not forget about the unbeatable location – nestled within Pandosy Village, you'll be surrounded by commercial retails, restaurants, parks, and the tranquil beach just a block away. This investment isn't just about immediate returns; it's about securing your future in one of Kelowna's most sought-after areas. Don't miss out on this rare opportunity to invest in both cash flow and future development potential in Kelowna's premier neighborhood. (id:51532)
Tags
Property Summary
Property Type
Other
Building Type
Other
Square Footage
6350 sqft
Neighbourhood Name
Kelowna South
Land Size
0.2 ac|under 1 acre
Built in
1996
Parking Type
Attached Garage(2)
Building
Building Features
Features
Level lot, Private setting, Wheelchair access
Square Footage
6350 sqft
Fire Protection
Security system, Smoke Detector Only
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air, See remarks
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Stucco
Neighbourhood Features
Community Features
Family Oriented
Amenities Nearby
Public Transit, Park, Recreation, Schools, Shopping