1175-1179 Raymer Avenue, Kelowna
This well-maintained fourplex features four spacious 2-bedroom, 1-bathroom suites, each with a private entrance and its own outdoor living area surrounded by generous green space. Tenants enjoy on-site storage, designated parking spots, and convenient coin laundry. Situated on a large 0.22-acre MF1-zoned lot with dual access from both Raymer Avenue and Bouvette Street, the property offers excellent functionality and investment appeal. The upper suites, each 1,100 sq. ft., and the lower suites, each 1,000 sq. ft., have been thoughtfully upgraded and well cared for. Current rental income is strong, with 1179A at $1,800/month, 1179B at $2,100/month, 1175A at $1,367/month, and 1175B at $1,820/month, generating a total monthly income of $7,087. With its solid returns, prime location, and appealing layout, this property is an excellent income-producing opportunity in a desirable area. (id:62865)
Status
Active
Year Built
1973
Property Type
Fourplex
Ownership
Freehold
Parking Spaces
8
Annual Tax
$6,899
Parcel Number
003-149-358
Data Source
Association of Interior REALTORS®
Bedrooms
8
Bathrooms
4
Living Area
4220 square feet
Flooring
Lot Size
0.22 acres
Fencing
Fence
Exterior Features
Roof
Tar & gravel,Unknown
Heating
Baseboard heaters, Forced air, Electric, See remarks
Water Source
Municipal water
Sewer
Municipal sewage system
$1,749,000
Office
CIR Realty
Loan Amount:
$1,399,200
Estimated Monthly Payment:
$6,819
This is an estimate for informational purposes only. Consult with a financial advisor.
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