861 Martin Avenue Kelowna, British Columbia V1Y6V4
$1,175,000
Description
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:6770)
Overview
- Price $1,175,000
- MLS # 10310424
- Age 1960
- Stories 3
- Size 2480 sqft
- Bedrooms 5
- Bathrooms 4
- See Remarks:
- Exterior Stucco, Wood siding, Composite Siding
- Cooling Wall Unit
- Water Municipal water
- Sewer Municipal sewage system
- Flooring Carpeted, Ceramic Tile, Hardwood, Tile, Vinyl
- Listing Office Century 21 Assurance Realty Ltd
- View Mountain view
- Fencing Fence
- Landscape Features Landscaped, Level
Room Information
- Basement
- Bedroom 12'11'' x 13'4''
- Fourth level
- Primary Bedroom 12'8'' x 11'10''
- Main level
- Dining room 8'10'' x 14'10''
- Living room 18'5'' x 13'4''
- Second level
- Bedroom 12'1'' x 8'11''
- Primary Bedroom 15'4'' x 11'1''
- Third level
- Kitchen 17'9'' x 11'5''
- Full bathroom 12'8'' x 8'10''
- Bedroom 12'8'' x 13'