850 Hollywood Road N, Kelowna
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)
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®
Bedrooms
9
Bathrooms
5
Living Area
3581 square feet
Basement
Full
Flooring
Lot Size
0.21 acres
Frontage
61.0 feet
Fencing
Fence
Waterfront
Other
View
City view, Mountain view, Valley view
Lot Features
Exterior Features
Roof
Asphalt shingle,Unknown
Heating
See remarks
Cooling
Central air conditioning
Water Source
Irrigation District
Sewer
Municipal sewage system
Security
$1,249,000
Office
Royal LePage Kelowna
Loan Amount:
$999,200
Estimated Monthly Payment:
$4,869
This is an estimate for informational purposes only. Consult with a financial advisor.
Similar Listings

$1,249,000
206 Echo Ridge
Kelowna
House

$1,249,000
1150-1152 Hudson Road
Kelowna
Duplex

$1,249,888
1018 Hume Avenue
Kelowna
House

$1,249,900
3340 Lakeshore Road Unit# 707
Kelowna
Apartment / Condo