154 Applebrooke Crescent

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:58101)

Property Information

Property Type
Residential
SqUARE FOOTAGE
5798
 sqft
Structure Type
House
LAND SIZE
0.56 acres
Roof Type
Asphalt shingle
Lot
Irregular lot size
SEWER Type
Municipal sewage system
Parking Spots
10
Floor Type
stories
2.0

More Information

Security
View
Mountain view, Valley view
Parking
Attached Garage, See Remarks
Exterior
Brick, Aluminum
Community
Common inTEREST
Freehold
Listing Key
26457555
MLS ID
10303238
Listing Office
RE/MAX Kelowna
Listing Office Key
47837
14
Beds
5
Baths
$
1850000

Virtual Tour

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Contact

Frank Buckland

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