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2220 Burnett Street Lot# 7, Kelowna
2025-03-20
Quick Summary
- Location
- 2220 Burnett Street Lot# 7, Kelowna, British Columbia V1Y2T6
- Price
- $1,049,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 2376 sqft
- Bedrooms:
- 5
- Bathrooms:
- 3
- Year of Construction:
- 1963
MLS®#10339669
Property Description
ATTN INVESTORS!! This 68' x 120' lot in the heart of Kelowna South offers a fantastic development opportunity in one of the city’s most sought-after locations. Just a short walk to Kelowna General Hospital, Lake Okanagan's beautiful beaches & Pandosy Village. Ideally positioned for investors, developers, or those looking for strong rental income potential. With new provincial zoning legislation, this property presents multiple options, including a luxury duplex, fourplex, or potential sixplex. The existing home is uniquely positioned at the front of the lot, allowing for future development at the rear while maintaining rental income. The home features THREE SEPARATE LIVING SPACES, maximizing earning potential with a combined rental income of up to $5,500+ per month. Main residence: 1,222 sq. ft. with 3 bedrooms, 1 bathroom, a spacious living and dining area, kitchen, laundry, and access to a deck overlooking the backyard. Two-bedroom suite: 711 sq. ft. with a private entrance and shared laundry. Studio suite: 215 sq. ft. with its own private entrance. This neighborhood is rapidly evolving, with new developments reshaping the area. Whether you're looking to hold and generate rental income or redevelop for maximum returns, this property is an excellent opportunity in a high-demand location. Call NOW to arrange your private tour, this property will not last! (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Park, Recreation, Schools
Building
- Appliances: Refrigerator, Dishwasher, Dryer, Range - Electric, See remarks, Washer
- Architectural Style: Ranch
- Construction Style: Detached
- Fireplace: Yes
- Interior Size: 2376 sqft
- Building Type: House
- Stories: 2
- Utility Water: Municipal water
Land
- Land Size: 0.19 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by RE/MAX Kelowna
Listing information last updated on: 2025-11-12 20:07:28
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$500,000
Your One Percent Realty Commission savings†
$500,000
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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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Glen MacKenzie REALTOR®. Member of The Canadian Real Estate Association & more
- Phone:
- (250) 870-4536
- Mobile:
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- Email:
- onepercentglen@shaw.ca
- Support Area:
- Areas serviced in the Central Okanagan include all sub divisions of: Kelowna, Westbank, West Kelowna, Peachland
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- Phone:
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- Email:
- donnafullerREALTOR@gmail.com
- Support Area:
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