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755-759 Francis Avenue | $1,599,900
Mathew Lewis Agent Photo
Mathew
Lewis
C. (250) 809-1893
 P. (250) 498-6500
 Phone Mathew http://www.winecapitalrealty.com
RE/MAX WINE CAPITAL REALTY
444 School Avenue, Box 220
 Oliver, BC
 Canada V0H 1T0

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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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

Mathew had always showed an interest in entrepreneurial activities and has a natural attraction to real estate. First Licensed in 2003, lots has changed in the real estate industry in British Columbia. In 2005 Mathew graduated with his Undergraduate Degree from the University of British Columbia.  Mathew’s upbringing in the real estate industry has been one he has been around his entire life. A year after graduating University, Mathew and his mother Karen, founded RE/MAX Wine Capital Realty in downtown Oliver, BC in 2006. It is now the largest real estate company in Oliver and specializes in all facets of Real Estate including Property Management, Strata Management and of course, Real Estate Sales and Marketing.  Mathew is driven and a sales leader: He prides in meeting and exceeding expectations and pushing the marketing envelope for both his customers and his brokerage. 16 years later, (2019) Mathew has been involved in the sale over a thousand of properties including residential, commercial, business, industrial and farming opportunities. Mathew has been fortunate enough to be a recipient of internationally recognized sales achievement awards for EVERY Year since 2005 in the Re/MAX International System.  No Job is too big or small! In 2009, Mathew also obtained his Real Estate Broker’s Management License. In 2014 Mathew obtained the RE/MAX International Director's Platinum Award-- granted to less than 5% of all RE/MAX Agents WORLDWIDE-- Not Just in Canada! Recently in 2019, Mathew was awarded the Coveted RE/MAX Lifetime Achievement Award at the Re/MAX International Convention in Las Vegas, NV. 

Mathew enjoys glam-ping (fancy camping), fishing, hunting, cooking and the great outdoors. Mathew loves to help out his community any way that he can. He is actively involved in the South Okanagan Sportsmen's Association as a director where he teaches the Outdoor Safety Program administered by the Province of BC on behalf of the BC Wildlife Federation. Mathew has just celebrated his 13th Wedding Anniversary with his wife, Jodie. Mathew and Jodie have two wonderful children-- the purpose in his life: Ripley aged 5 and Adrianna, 3. Mathew and his family live in Oliver and love it! 

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