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755-759 Francis Avenue | $1,599,900
Sharon Snelling Agent Photo
Sharon
Snelling
C. (250) 485-8376
 P. (250) 498-6222
 Phone Sharon sharonsnelling.ca
ROYAL LEPAGE SOUTH COUNTRY
125 - 5717 Main Street
 Oliver, BC
 Canada V0H 1T9

Details

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Years



Address 755-759 Francis Avenue
AreaCentral Okanagan
Sub AreaKS - Kelowna South
State/ProvinceBritish Columbia
CountryCanada
Price$1,599,900
Property TypeFourplex
Bedrooms9
Bathrooms2
Half Baths0
Floor Space4060 Square Feet
Lot Size0.15 Acres
WaterfrontNo
Year Built1965
Taxes $7,169
Tax Year2024
MLS® #10323437

MULTI-FAMILY, INVESTORS, RENTAL PROPERTY Families looking for rental units. MAIN HOUSE with LEGAL SUITE AND FULL DUPLEX IN THE LANEWAY. 9 BEDROOMS IN TOTAL. 4 FULL BATHROOMS AND 2 HALF BATHS IN TOTAL. 4 KITCHENS IN TOTAL. MAIN FLOOR - main house main floor Basement- main house basement suite Third Floor- 759 laneway Second Floor - 757 laneway Fantastic opportunity to own a multi-family property in a prime location in Kelowna. Centrally located in Kelowna South, this property is close to all amenities including shopping, restaurants, schools and parks and transit, and hospital. This UNIQUE property offers a Main house with a 2 bedroom 1 bath legal suite AS WELL AS a full side by side duplex in the laneway with its own parking. The main house was built approx. 1965 and has had some updates including the roof. The Duplex was built in 2019. The main house has 3 beds 1 bath up and an additional 2 beds 1 bath down. Each duplex has 2 beds and a flex space, 1.5 baths. SEE THE FLOOR PLANS FOR EACH SPACE. 755A, 755B, 757, 759 are all tenanted. Combined monthly income currently is $7,608.00 with 3 of the 4 units already given rent increase notices for January. Rental income as of January 2025 will be $7788. per month. CAP RATE currently of 5.25% (Jan 2025 CAP is approx. 5.39%) Options to redevelop main house, potentially stratify. Well maintained property and managed by a property manager. Appointments necessary.

Listed by MACDONALD REALTY INTERIOR

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

My name is Sharon Snelling and I have been living right here in Oliver for the last 30 years. I love this area and I cannot imagine calling anywhere else home!

I came here from England after backpacking my way around the world for 6 years. After arriving in Oliver I just knew that this was home. I embraced the lifestyle and became very passionate about camping in the summers and snowboarding in the winters. I also really enjoy curling, x-country skiing, stand up paddle boarding and horses, and currently have two horses of my own. This makes for some very fun times!

Since arriving in the South Okanagan I have worked primarily in the fruit industry and, along with my partner, have had a successful cherry export business selling cherries all around the world. I have also worked part time for Canada Post for the last ten years and some of you may recognize me from delivering your mail. In the past I have spent a number of years doing volunteer ski patrol and being a snow shoe guide at Mount Baldy.

Today I am entirely focused on real estate and extremely motivated to help you with buying or selling your home, so please don’t hesitate to contact me. I will do my absolute best to ensure your real estate transactions go as smooth as possible, and make it a fun experience as well!

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