1175-1179 Raymer Avenue,

Kelowna, British Columbia V1Y4Z7

$2,100,000

Exceptional holding and investment property in one of Kelowna's most desirable locations. This fourplex offers 4 2 bed 1 bath spacious suites. Lower 2 suites are 1000 sqft. Upper suites are 1100 sqft with private decks. All have outdoor living space. There is ample parking for all suites plus an additional 2 car garage which could rented. 2 Parking spots for each suite plus additional parking off Bouvette Street. There is a coin laundry for additional income (appox $100 per month.). This large .22 acre property has future development potential and has 3 access points, Bouvette St and Raymer Ave. Current rent breakdown is, 1179B-$1600, 1175B-$1450, 1175A $1050,$4100. 1179A (owner occupied), (B suites are lower level, A suites upper level). Utilities are included for all suites. Expenses-Insurance $3363, outdoor/snow and lawn $1300-1500, taxes $5786, utilities $9,2335.45(Total expenses=$19,884.45) Rents are significantly under market rates. All suites have been very well maintained with some updates. Each suite has a private entrance with ample green space for tenants with large shared grass area plus storage areas available. Heating is combination of gas and electric, newer appliances in 3 suites, including vented hood fans, roof (tar and gravel) 14 years old, new lighting installed throughout, recently building has been painted, newer hot water tanks (2017) gas furnaces 15 years old. (id:3942)
ID# 10241435
Courtesy of Macdonald Realty Kelowna

Listed on: October 06, 2021

On market: 19 days
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8 Bedroom 4 Bathroom

Baseboard heaters Forced air

Bathroom Total 4
Bedrooms Total 8
Half Bathrooms Total 0
Year Built 1973
Flooring Type Carpeted
Heating Type Baseboard heaters, Forced air
Heating Fuel Electric, Natural gas
Stories Total 2
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Living roomSecond level13 ft x 18 ft
Dining roomSecond level10 ft x 10 ft
KitchenSecond level13 ft x 11 ft
Primary BedroomSecond level13 ft x 13 ft
BedroomSecond level11 ft x 11 ft
Primary BedroomSecond level13 ft x 13 ft
BedroomSecond level11 ft x 11 ft
Living roomSecond level13 ft x 18 ft
KitchenSecond level13 ft x 11 ft
KitchenSecond level10 ft x 10 ft
Primary BedroomMain level13 ft x 13 ft
BedroomMain level11 ft x 11 ft
Primary BedroomMain level13 ft x 13 ft
BedroomMain level13 ft x 13 ft
Full bathroomMain level6 ft x 8 ft
Full bathroomMain level6 ft x 8 ft
Full bathroomMain level6 ft x 8 ft
Full bathroomMain level6 ft x 8 ft
Living roomMain level13 ft x 18 ft
Living roomMain level13 ft x 18 ft
KitchenMain level10 ft x 10 ft