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:44393)
| MLS® Number | 10303238 |
| Property Type | Single Family |
| Neigbourhood | North Glenmore |
| Features | Irregular Lot Size |
| Parking Space Total | 10 |
| View Type | Mountain View, Valley View |
| Bathroom Total | 5 |
| Bedrooms Total | 14 |
| Constructed Date | 1975 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum, Brick |
| Fireplace Fuel | Gas |
| Fireplace Present | Yes |
| Fireplace Type | Unknown |
| Heating Type | See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 5798 Sqft |
| Type | House |
| Utility Water | Municipal Water |
| See Remarks | |
| Attached Garage | 2 |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.56 |
| Size Total | 0.56 Ac|under 1 Acre |
| Size Total Text | 0.56 Ac|under 1 Acre |
| Zoning Type | Unknown |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | Bedroom | 1' x 1' | ||
| Second Level | 3pc Bathroom | 10'7'' x 9'0'' | ||
| Second Level | Bedroom - Bachelor | 48'0'' x 27'0'' | ||
| Second Level | Sauna | 6'3'' x 8'9'' | ||
| Second Level | 3pc Bathroom | 7'11'' x 8'9'' | ||
| Second Level | 3pc Bathroom | 6'8'' x 8'9'' | ||
| Second Level | 3pc Ensuite Bath | 6'0'' x 8'0'' | ||
| Second Level | Primary Bedroom | 20'0'' x 11'0'' | ||
| Second Level | Bedroom | 11'7'' x 12'10'' | ||
| Second Level | Bedroom | 11'7'' x 12'10'' | ||
| Second Level | Living Room | 11'11'' x 12'11'' | ||
| Second Level | Dining Nook | 8'5'' x 8'5'' | ||
| Second Level | Pantry | 5'11'' x 9'0'' | ||
| Second Level | Laundry Room | 9'7'' x 5'9'' | ||
| Second Level | Kitchen | 11'9'' x 12'6'' | ||
| Second Level | Dining Room | 11'3'' x 15'6'' | ||
| Second Level | Great Room | 20'0'' x 20'0'' | ||
| Main Level | Foyer | 11'7'' x 17'0'' | ||
| Main Level | Foyer | 8'9'' x 11'6'' | ||
| Main Level | Bedroom | 10'5'' x 12'8'' | ||
| Main Level | Living Room | 20'0'' x 19'4'' | ||
| Main Level | Dining Room | 11'5'' x 11'5'' | ||
| Main Level | Pantry | 3'3'' x 5'10'' | ||
| Main Level | Kitchen | 11'5'' x 13'6'' | ||
| Main Level | Storage | 9'2'' x 12'0'' | ||
| Main Level | 3pc Bathroom | 9'1'' x 6'0'' | ||
| Main Level | Bedroom | 10'10'' x 15'0'' |
https://www.realtor.ca/real-estate/26457555/154-applebrooke-crescent-kelowna-north-glenmore
Contact us for more information
Scott Marshall
Personal Real Estate Corporation
(250) 717-5000
(250) 861-8462
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