693 Mayfair Court, Kelowna, British Columbia V1X7H7
Listing courtesy of Royal LePage Kelowna.
- $959,000
- 7
- BD
- 5
- BA
- 3,584
- SqFt
- List Price
- $959,000
- MLS®
- 10394265
- Days on Market
- 16
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 7
- Bathrooms
- 5
- Living Area
- 3,584
- Lot Size Dimensions
- 0.21
- Lot Size
- 9,147
- Subdivision
- Rutland South
Property Description
Priced below assessed value and LEGAL SUITE! Exceptional investment opportunity with outstanding future redevelopment potential! Situated on a large, flat lot in a desirable family-friendly neighbourhood, this versatile property is zoned MF1, offering exciting possibilities for future development potential. The home features 7 bedrooms plus a den, including a spacious and fully self-contained 2-bedroom legal suite (currently being used as a 3 bedroom suite), making it an excellent income-generating property or ideal for multi-generational living. The upper level is currently rented for $3,500/month plus utilities, while the suite generates an additional $2,500/month plus utilities, providing strong rental income. An additional summer kitchen offers even more flexibility for extended family or entertaining. Major mechanical updates have already been completed, including a new furnace, hot water tank, and air conditioner, offering peace of mind for years to come. Located in a sought-after neighbourhood close to excellent schools, parks, public transit, shopping, restaurants, and everyday amenities, this property offers both immediate cash flow and long-term upside. (id:5764)
Additional Information
- Ownership
- Freehold
- Subdivision
- Rutland South
- Parking Spaces
- 1
- Fireplaces
- 1
- Cooling
- Central air conditioning
- Country
- Canada
- Flooring
- Carpeted
- Sewer
- Municipal sewage system
- Roof
- Asphalt shingle, Unknown
- Heating
- See remarks
- Lot Features
- Central island, Balcony
- Stories
- 2
- Lot Size
- 9,147
