1175-1179 Raymer Avenue
Kelowna, British Columbia
MLS® 10394668
$1,749,000
- Status
- Active
- Property type
- House
- MLS® number
- 10394668
- Bedrooms
- 8
- Bathrooms
- 3
- Year built
- 1973
1 / 19Listing description
4 SUITES • $7,087/MONTH RENTAL INCOME • 0. 22-ACRE MF1 LOT Well-maintained and thoughtfully upgraded, this fourplex offers an excellent investment opportunity with strong rental income, spacious suites and valuable future potential. Situated on a generous 0.
22-acre MF1-zoned lot with convenient dual access from both Raymer Avenue and Bouvette Street, the property combines functionality with long-term upside. The building features four spacious 2-bedroom, 1-bathroom suites, each with its own private entrance and outdoor living area surrounded by generous green space. The upper suites are approximately 1,100 sq.
ft. each, while the lower suites are approximately 1,000 sq. ft.
each. All suites have been well cared for and thoughtfully upgraded. Tenants enjoy designated parking, on-site storage and convenient coin laundry, adding to the property's appeal and ease of management.
Current rents total an impressive $7,087/month, with 1179A at $1,800, 1179B at $2,100, 1175A at $1,367 and 1175B at $1,820. With four established rental units, a large MF1-zoned lot, dual access and strong existing income, 1175–1179 Raymer Avenue is an attractive opportunity for investors looking for reliable cash flow and future potential in a desirable location.
Property summary
- MLS® number
- 10394668
- Property type
- Single Family
- Building type
- Fourplex
- Square footage
- 4,220 sq ft
- Title
- Freehold
- Land size
- 0.22 acres
- Built in
- 1973
- Annual property taxes
- $8,571.00
- Parking
- 8 spaces · Street
- Days on market
- 43 days
Features & details
- Heating
- Baseboard heaters, Forced air, Electric, See remarks
- Flooring
- Carpeted, Vinyl
- Exterior features
- Stucco
- Lot features
- Level lot, Private setting
- Community features
- Family Oriented
What would this home cost you?
Based on the $1,749,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Judy Lindsay Okanagan, Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.