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525 Leathead Road, Kelowna
2024-08-29
Quick Summary
- Location
- 525 Leathead Road, Kelowna, British Columbia V1X2J5
- Price
- $898,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 2695ft2
- Bedrooms:
- 7
- Bathrooms:
- 3
- Year of Construction:
- 1956
MLS®#10322993
Property Description
Priced BELOW ASSESSMENT VALUE!! Attention Buyers, Investors, and Developers: Discover this well-maintained, income-producing 7-bedroom, 3-bathroom home that offers multiple opportunities. Live in it, rent it out for high income, or redevelop it with land assembly potential in the Rutland Urban Center-UC4 Zoning! Enjoy breathtaking mountain views from this dream home situated on a generous 0.21-acre lot. The home features updates throughout, including efficient in-floor hot water heating and premium air conditioning, and offers a separate entrance for the 3-bedrooms below, making it perfect for multi-family living or rental purposes. The spacious, fully fenced yard provides ample parking space for a boat, RV, and more, enhancing its appeal. Furnishings can be included for a turnkey investment. The lot spans approximately 9,147 sqft (70x142), offering abundant potential for future development, whether you choose to redevelop this single lot or consider assembling adjacent lots for a larger-scale project. This property is ideally located just minutes away from parks, schools, shopping, and recreational facilities, making it suitable for student housing or generating lucrative rental income while awaiting land assembly. Don't miss the chance to secure a place in this burgeoning development landscape, with the added bonus of a potential land assembly opportunity. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Public Transit
Building
- Appliances: Range, Refrigerator, Dryer, Range - Electric, Washer & Dryer
- Architectural Style: Other
- Basement Type: Crawl space, Full, Cellar
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Exterior Finish: Stone, Stucco
- Fireplace: No
- Flooring Type: Mixed Flooring
- Interior Size: 2695 sqft
- Building Type: House
- Stories: 1.5
- Utility Water: Municipal water
Features
- Feature: See remarks
Land
- Land Size: 0.21 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Rennie & Associates Realty Ltd.
Listing information last updated on: 2024-08-30 19:20:01
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.
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