861 Martin Avenue, Kelowna
MLS® 10310424
House and Carriage house on a large MF1 zoned lot. This is an investor/developer's dream property. It has strong holding power right now as well as great development potential in the future in an ideal location to maximize your investment now and later. The oversized, 55 ft x 135 ft lot with alley access (.17 acres or 7,425 sqft) allows a developer to build bigger than average units in a future 4 plex or 6-plex that can be sold for more when finished. It would also allow for 2 duplexes instead of 1 fourplex to be built, similar to what was done across the street. In the meantime, the main home and carriage house are bringing in good rental income with great tenants until the time is right to start your development project. Like I said, this is an investor/developers dream property to purchase. (id:36863)
Property Details
- Full Address:
- 861 Martin Avenue, Kelowna, British Columbia
- Price:
- $ 1,175,000
- MLS Number:
- 10310424
- List Date:
- April 18th, 2024
- Lot Size:
- 0.17 ac
- Year Built:
- 1960
- Taxes:
- $ 4,947
Interior Features
- Bedrooms:
- 5
- Bathrooms:
- 4
- Flooring:
- Tile, Hardwood, Carpeted, Ceramic Tile, Vinyl
- Air Conditioning:
- Wall unit
- Heating:
- Baseboard heaters, Forced air, Electric, See remarks
- Fireplaces:
- 2
- Fireplace Type:
- Decorative, Unknown
Building Features
- Architectural Style:
- Split level entry
- Storeys:
- 3
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Roof:
- Asphalt shingle, Unknown
- Zoning:
- Unknown
- Exterior:
- Stucco, Wood siding, Composite Siding
- Garage:
- See Remarks
- Garage Spaces:
- 4
- Ownership Type:
- Freehold
- Taxes:
- $ 4,947
Floors
- Finished Area:
- 2480 sq.ft.
Land
- View:
- Mountain view
- Lot Size:
- 0.17 ac
Neighbourhood Features
- Amenities Nearby:
- Family Oriented
Ratings
Commercial Info
Location
Mortgage Calculator
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