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755-759 Francis Avenue | $1,599,900
Dori Munday* PREC Agent Photo
Dori
Munday* PREC*
C. (250) 486-3865
 P. (250) 493-2244
 Phone Dori www.penticton-realestate.com
ROYAL LEPAGE LOCATIONS WEST
484 Main Street
 Penticton, BC
 Canada V2A 5C5

Details

%
Years (35 year max)
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

Dori is Penticton Born and Raised. She has been selling real estate for 15 years. Working with the other rockstars at Royal LePage, the #1 company in Penticton for the past 35 consecutive years. We have over 60% market share and over 55 awesome agents.

https://www.penticton-realestate.com

Helping you achieve the best-desired outcome through skillful negotiations coupled with strong agent - agent relationships. Dori is a Master Certified Negotiation Specialist. Dori sells on average over 40 homes a year and specializes in Buyers Agency.  

Red Diamond Award Winner  - Top 2%

Office ranked Top Individual Agent

  • Presidents Gold (Top 10%) 2007-2019
  • Award of Excellence (Top 10% for 5 consecutive years) 2015 +2019
  • Directors Platinum Award (Top 3%) 2010+2017+2018
  • Lifetime Achievement Award (Top 10% (or better) for 10 consecutive years) 2017, 2018, 2019


Testimonials? I can deliver pages of recommendations from satisfied buyers and sellers.
http://www.penticton-realestate.com/about-dori/testimonials#.VevP8_ZViko

Looking to learn more about living in Penticton? - Call Dori for a Buyers consultation.


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