We are a fully licensed real estate company that offers full service but at a discount commission. In terms of services and exposure, we are identical to whoever you would like to compare us with. We are on MLS®, all the top internet real estates sites, we place a sign on your property ( if it's allowed ), we show the property, hold open houses, advertise it, handle all the negotiations, plus the conveyancing. There is nothing that you are not getting, except for a high commission!
693 Mayfair Court, Kelowna
2026-07-12
Quick Summary
MLS®#10394265
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:32467)
Property Features
Building
- Appliances: Refrigerator, Dishwasher, Cooktop - Electric, Oven - Electric, Range - Electric, Washer & Dryer
- Construction Style: Detached
- Cooling Type: Central air conditioning
- Exterior Finish: Vinyl siding
- Fireplace: Yes
- Flooring Type: Carpeted
- Interior Size: 3584 sqft
- Building Type: House
- Stories: 2
- Utility Water: Municipal water
Features
- Feature: Central island, Balcony
Land
- Land Size: 0.21 ac|under 1 acre
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Information entered by Royal LePage Kelowna
Listing information last updated on: 2026-07-10 20:03:51
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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.
Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.
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