698 Balsam Road, Kelowna
MLS® 10372637
A rare Lower Mission opportunity that checks every box for investors, developers, and end users alike. Set on a flat and expansive 0.36-acre lot (approx. 15,616 sq.ft.) with excellent frontage, this property offers outstanding future redevelopment potential through subdivision (buyer to verify). The 3,115 sq.ft. home features a spacious 4-bedroom main residence plus a 2-bedroom, 1-bath legal suite (to verify) with separate driveways, entrances, and laundry. A unique side-by-side configuration provides flexibility for multi-generational living or strong rental appeal. Currently 4 bed side is rented for $3,200 per month including utilities and 2 bed side is vacant potential $1800. This is a solid income-producing hold while planning future possibilities. A large 25’ x 27’ detached garage/workshop adds exceptional value for storage, hobbies, or a home-based business. Located directly next to Dorothea Walker Elementary and surrounded by parks, beaches, shopping, and recreation, this is a location families love. With ongoing redevelopment transforming Balsam Street into one of Lower Mission’s most sought-after corridors, this is a rare chance to secure a premium lot with tremendous upside in today’s market. (id:36863)
Property Details
- Full Address:
- 698 Balsam Road, Kelowna, British Columbia
- Price:
- $ 1,199,999
- MLS Number:
- 10372637
- List Date:
- January 20th, 2026
- Lot Size:
- 0.36 ac
- Year Built:
- 1971
- Taxes:
- $ 5,297
Interior Features
- Bedrooms:
- 6
- Bathrooms:
- 3
- Appliances:
- Washer, Refrigerator, Range - Electric, Dryer
- Air Conditioning:
- Central air conditioning
- Heating:
- Forced air, Electric, See remarks
- Basement:
- Full
Building Features
- Storeys:
- 1
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Garage:
- Oversize, See Remarks, Heated Garage, Additional Parking
- Ownership Type:
- Freehold
- Taxes:
- $ 5,297
Floors
- Finished Area:
- 2287 sq.ft.
Land
- Lot Size:
- 0.36 ac
Neighbourhood Features
Ratings
Commercial Info
Location
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