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:4069)
Address
2220 Burnett Street Lot# 7
List Price
$1,149,000
Property Type
Single Family
Type of Dwelling
House
Style of Home
Ranch
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
5
Bathrooms
3
Floor Area
2,376 Sq. Ft.
Lot Size
0.19 Sq. Ft.
Year Built
1963
MLS® Number
10339669
Listing Brokerage
RE/MAX Kelowna
Postal Code
V1Y2T6
Site Influences
Park, Recreation, Schools, Waterfront, View
