755-759 Francis Avenue | $1,599,900
Alycia Butler Agent Photo
Alycia
Butler
C. (250) 241-9797
 P. (250) 832-9997
 Phone Alycia https://www.alyciabutler.com
ROYAL LEPAGE ACCESS REAL ESTATE
P.o. Box 434
 Salmon Arm, BC
 Canada V1E 4N6

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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About

Hey, it’s Alycia! It's a pleasure to virtually meet you. I grew up in the Lower Mainland and am a true BC girl with a huge passion for the great outdoors. I've been coming to the Shuswap almost every summer since I was a teen and moving our family here was a long time dream come true.

I received my real estate license through the University of British Columbia's Sauder School of Business. I've been a sales and marketing professional for over 25 years and have worked across all Canadian provinces and several states in the USA. As a serial entrepreneur, I helped launch three advertising agencies across Canada, relocating twice to Quebec and once to the United States. I also held the role of Vice President of Marketing for North America at ONNI Real Estate Development prior to pursuing my own career in real estate. I serve the entire region of Shuswap Lake (north and south) including Seymour Arm, and expand my real estate services to the communities of Adams Lake, Chase, Monte Creek, Pinantan Lake, Pritchard and Kamloops.

On a personal note, I love spending as much time as possible with my husband, our son, and our two adopted dogs. You'll mostly catch us enjoying the great outdoors together either hiking, biking, skiing, snowshoeing or boating around Shuswap Lake. I look forward to helping you realize your own real estate dreams in and around the Shuswap. Whether you're looking to buy a new home in the Shuswap or sell your current property, I'd love to help!

Sincerely,
Alycia Butler