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 fully rented for $5,900 per month, 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:43281)

Property Details

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

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