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850 Hollywood Road N, Kelowna

MLS® #10381211
About this Property

Rare 7.6% CAP Rate – Turn-Key Multi-Unit Powerhouse! Stop searching for the ""perfect"" investment—it just arrived. This massive multi-generational estate offers a rare combination of high-yield cash flow and premium 2023 renovations. Currently generating a staggering $9,200/month in rental income from students and professionals, this property is a great cash flow investment. The Layout: Main Residence: Spacious 9 Bedrooms / 5 Bathrooms, 4 kitchen home. Dual Suites: Two fully self-contained 2-Bedroom suites. Bonus Potential: A dedicated bachelor suite (plumbed/ready for easy bathroom install). The $250,000 Edge: Forget the typical ""run-down"" rental. This home was extensively updated in 2023. We’re talking a brand-new roof, modern bathrooms, fresh upstairs flooring, and professional landscaping. Prime Location: Situated in a quiet, safe Rutland North pocket right behind Pearson Elementary. It’s perfectly positioned on a major bus route to UBCO, ensuring your vacancy rate stays near zero. Whether you’re looking for a blue-chip addition to your portfolio or a multi-generational family home that pays for itself, this is it. PS: Windows and Furnace are original but in good working order. Measurements are from iGuide, if important, please re-measure. FURNITURE NEGOTIABLE (id:62865)

Property Information

Status

Active

Year Built

1990

Property Type

House

Ownership

Freehold

Parking Spaces

12

Annual Tax

$5,418

Parcel Number

004-361-709

Data Source

Association of Interior REALTORS®

Interior Details

Bedrooms

9

Bathrooms

5

Living Area

3581 square feet

Basement

Full

Flooring

LaminateCarpetedWood
Exterior & Lot

Lot Size

0.21 acres

Frontage

61.0 feet

Fencing

Fence

Waterfront

Other

View

City view, Mountain view, Valley view

Lot Features

Level lot

Exterior Features

Vinyl siding
Building & Utilities

Roof

Asphalt shingle,Unknown

Heating

See remarks

Cooling

Central air conditioning

Water Source

Irrigation District

Sewer

Municipal sewage system

Security

Smoke Detector Only

$1,249,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
9Beds
5Baths
3581sqft
Listing Courtesy of

Office

Royal LePage Kelowna

Mortgage Calculator
$249,800

Loan Amount:

$999,200

Estimated Monthly Payment:

$4,869

This is an estimate for informational purposes only. Consult with a financial advisor.