MLS: 10303238
154 Applebrooke Crescent
5798 sqft
14 Bedrooms
5 Bathrooms
$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:6770)
Investment Opportunities Single Family Home < 1 Acre NewListed by Scott Marshall
RE/MAX Kelowna
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Overview
- Price $1,850,000
- MLS # 10303238
- Age 1975
- Stories 2
- Size 5798 sqft
- Bedrooms 14
- Bathrooms 5
- Exterior Aluminum, Brick
- Cooling Central Air Conditioning
- Water Municipal water
- Sewer Municipal sewage system
- Listing Agent Scott Marshall
- Listing Office RE/MAX Kelowna
- View Mountain view, Valley view
Contact an agent for more information or to set up a viewing.
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