This rare 4-plex has all the things going for it that investors want such as a location that tenants love, loads of parking for their vehicles and toys and affordable rates. This proven revenue maker is well kept with many recent upgrades and improvements. As a result, tenants love it. They walk to eveything they need. Each unit has two bedrooms and one bathroom for a total of 8 bedrooms and 4 bathrooms, their own laundry ( 8 machines total) and their own heat. Each side is separately metered. $5,980 monthly revenue with one side paying half utilities and the other having it included in their rent. There is potential for rent upsizing over time so this could be an excellent holding property while rents rise. There is room for an additional 4-plex on the property or maybe even more density with more height. This combination of land and building in a great location is hard to beat. (id:43281)
1287-1289 Lawrence Avenue, Kelowna
MLS®™ 10350722
Property Details
- Address:
- 1287-1289 Lawrence Avenue, Kelowna, British Columbia
- Price:
- $ 1,650,000
- MLS Number:
- 10350722
- List Date:
- July 9th, 2025
- Lot Size:
- 0.28 ac
- Year Built:
- 1960
- Taxes:
- $ 6,614
Interior Features
- Bedrooms:
- 8
- Bathrooms:
- 4
- Appliances:
- Refrigerator, Range - Electric, Dryer, Washer & Dryer, Water Heater - Electric
- Air Conditioning:
- Window air conditioner
- Heating:
- Baseboard heaters, Electric
Building Features
- Architectural Style:
- Split level entry
- Storeys:
- 2
- Sewer:
- Municipal sewage system
- Water:
- Municipal water
- Roof:
- Asphalt shingle, Unknown
- Zoning:
- Unknown
- Exterior:
- Brick, Stucco
- Garage:
- Other, Rear, Street, Oversize
- Garage Spaces:
- 7
- Ownership Type:
- Freehold
- Taxes:
- $ 6,614
Floors
- Finished Area:
- 4018 sq.ft.
Land
- Lot Size:
- 0.28 ac
Neighbourhood Features
- Amenities Nearby:
- Family Oriented, Pets Allowed
Ratings
Commercial Info
Location
Mortgage Calculator
Neighbourhood Details
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