Set on a generous .29 acre lot with sweeping lake and city views, this 4 bedroom, 3 bathroom, 2,362 sq ft home includes a 1 bedroom legal suite and offers an ideal blend of lifestyle and income. A standout investment property with strong rental demand, excellent income potential, and a high cap rate, it presents a compelling opportunity for investors seeking long term value in a prime setting. The beautifully renovated main level features 3 bedrooms, 2 bathrooms, and a bright open concept layout designed to maximize natural light and views. The gorgeous kitchen includes a large island, modern cabinetry, stainless steel appliances, and seamless flow into the living and dining areas. Step outside to the massive deck with glass railings and enjoy unobstructed lake and city views, perfect for entertaining or relaxing. Downstairs, the self contained legal suite offers flexibility for reliable rental income or extended family. The yard is thoughtfully designed with fencing that separates the main home and suite outdoor areas, creating privacy for both. Multiple outdoor living spaces and storage rooms, a covered lower patio, and a large usable backyard add to the versatility of the property. Major upgrades include PEX plumbing, hot water on demand, newer roof and gutters, and a newer air conditioning system. A double garage, oversized driveway, and expansive front yard provide parking for multiple vehicles, including RV and boat parking. (id:43281)
6862 Madrid Way, Kelowna
$799,000
3 Beds
2 Baths
1062 SqFt
