154 Applebrooke Crescent
Kelowna, British Columbia V1V1W4

$1,850,000

Prime investment opportunity in the Glenmore area of Kelowna. Gross potential MONTHLY revenue of $11,000+, easily scaled up higher. 0.563 acre lot, currently zoned RU2 but with future land use of C-NHD; potential rezoning to MF1 / MF2 to allow for a multi-family use. Main floor with 10 bedrooms... yes you read that right. Lower level with additional 4 bedrooms. 5 bathrooms total. 14 bedroom 5798 sq.ft. home is prime for rental revenue while waiting for your future development; alternatively, one could potentially rezone the site, and build additional unit(s) on the excess land for even further cash flow. The property has 2 street frontages. This is one of the rare properties where it carries immense value as-is as a cash flow asset; you can easily pay off the mortgage + retain profit while you decide on what you want to do with the land. Now that the OCP is in and its clear what you can accomplish on this C-NHD designated property, the choice is yours on how you decide to best utilize this property. Do not visit the property without an appointment. Recent renovations include flooring changes in the main part of the home, basement suite walls, ceiling, pot lights, paint etc., main house furnace + AC 2022. (id:3942)

ID# 10303238

Courtesy of RE/MAX Kelowna

Listed on: January 29, 2024

On market: 94 days

14 Bedroom 5 Bathroom

Central air conditioning See remarks

Bathroom Total	5
Bedrooms Total	14
Half Bathrooms Total	0
Year Built	1975
Cooling Type	Central air conditioning
Heating Type	See remarks
Stories Total	2

Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
Bedroom	Second level	1' x 1'
3pc Bathroom	Second level	10'7'' x 9'0''
Bedroom - Bachelor	Second level	48'0'' x 27'0''
Sauna	Second level	6'3'' x 8'9''
3pc Bathroom	Second level	7'11'' x 8'9''
3pc Bathroom	Second level	6'8'' x 8'9''
3pc Ensuite bath	Second level	6'0'' x 8'0''
Primary Bedroom	Second level	20'0'' x 11'0''
Bedroom	Second level	11'7'' x 12'10''
Bedroom	Second level	11'7'' x 12'10''
Living room	Second level	11'11'' x 12'11''
Dining nook	Second level	8'5'' x 8'5''
Pantry	Second level	5'11'' x 9'0''
Laundry room	Second level	9'7'' x 5'9''
Kitchen	Second level	11'9'' x 12'6''
Dining room	Second level	11'3'' x 15'6''
Great room	Second level	20'0'' x 20'0''
Foyer	Main level	11'7'' x 17'0''
Foyer	Main level	8'9'' x 11'6''
Bedroom	Main level	10'5'' x 12'8''
Living room	Main level	20'0'' x 19'4''
Dining room	Main level	11'5'' x 11'5''
Pantry	Main level	3'3'' x 5'10''
Kitchen	Main level	11'5'' x 13'6''
Storage	Main level	9'2'' x 12'0''
3pc Bathroom	Main level	9'1'' x 6'0''
Bedroom	Main level	10'10'' x 15'0''

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154 Applebrooke Crescent Kelowna, British Columbia V1V1W4

14 Bedroom 5 Bathroom

Central air conditioning See remarks

154 Applebrooke Crescent
Kelowna, British Columbia V1V1W4