House and Carriage house on a large MF1 zoned lot. This is an investor/developer's dream property. It has strong holding power right now as well as great development potential in the future in an ideal location to maximize your investment now and later. The oversized, 55 ft x 135 ft lot with alley access (.17 acres or 7,425 sqft) allows a developer to build bigger than average units in a future 4 plex or 6-plex that can be sold for more when finished. It would also allow for 2 duplexes instead of 1 fourplex to be built, similar to what was done across the street. In the meantime, the main home and carriage house are bringing in good rental income with great tenants until the time is right to start your development project. Like I said, this is an investor/developers dream property to purchase. (id:4069)
| Address |
861 Martin Avenue |
| List Price |
$1,175,000 |
| Property Type |
Single Family |
| Type of Dwelling |
House |
| Style of Home |
Split level entry |
| Area |
British Columbia |
| Sub-Area |
Kelowna |
| Bedrooms |
5 |
| Bathrooms |
4 |
| Floor Area |
2,480 Sq. Ft. |
| Lot Size |
0.17 Sq. Ft. |
| Year Built |
1960 |
| MLS® Number |
10310424 |
| Listing Brokerage |
Century 21 Assurance Realty Ltd
|
| Postal Code |
V1Y6V4 |
| Site Influences |
Park, Recreation, Schools, Shopping, View |
| Features |
Level lot, Private setting |
