4018 sqft + 8 Bed + 4 Bath

1287-1289 Lawrence Avenue Kelowna

$1,650,000
1287-1289 Lawrence Avenue - Photo 1
  • Price$1,650,000
  • MLS #10350722
  • Age1960
  • Size4018 sqft
  • Lot Size0.28 acres
  • Bedrooms8
  • Bathrooms4
  • ExteriorBrick, Stucco
  • CoolingWindow air conditioner
  • AppliancesRefrigerator, Dryer, Range - Electric, Water Heater - Electric, Washer & Dryer
  • WaterMunicipal water
  • SewerMunicipal sewage system
  • Property TypeSingle Family
  • RoofUnknown
  • Zoning TypeUnknown
  • Local AmenitiesPublic Transit, Recreation, Schools, Shopping
  • Stories2
  • Listing OfficeColdwell Banker Horizon Realty

    Lower level

    • Laundry room5'8'' x 12'6''
    • 3pc Bathroom12'7'' x 9'11''
    • 3pc Bathroom12'7'' x 9'11''
    • Bedroom14'1'' x 10'1''
    • Bedroom14'1'' x 10'1''
    • Bedroom12'9'' x 8'5''
    • Bedroom12'9'' x 8'5''
    • Kitchen12'7'' x 9'11''
    • Kitchen12'7'' x 9'11''
    • Living room18'4'' x 13'
    • Living room18'4'' x 13'0''

    Main level

    • Laundry room5'6'' x 5'1''
    • Laundry room5'6'' x 5'1''
    • Full bathroom9'11'' x 4'10''
    • 3pc Bathroom9'11'' x 4'10''
    • Bedroom13'4'' x 9'9''
    • Bedroom13'4'' x 9'9''
    • Primary Bedroom14'11'' x 11'4''
    • Primary Bedroom14'11'' x 11'4''
    • Kitchen11'1'' x 10'4''
    • Kitchen11'1'' x 10'4''
    • Dining room9'8'' x 10'4''
    • Dining room9'8'' x 10'4''
    • Living room18'6'' x 14'5''
    • Living room18'6'' x 14'5''

    This rare 4-plex has all the things going for it that investors want such as a location that tenants love, loads of parking for their vehicles and toys and affordable rates. This proven revenue maker is well kept with many recent upgrades and improvements. As a result, tenants love it. They walk to eveything they need. Each unit has two bedrooms and one bathroom for a total of 8 bedrooms and 4 bathrooms, their own laundry ( 8 machines total) and their own heat. Each side is separately metered. $5,980 monthly revenue with one side paying half utilities and the other having it included in their rent. There is potential for rent upsizing over time so this could be an excellent holding property while rents rise. There is room for an additional 4-plex on the property or maybe even more density with more height. This combination of land and building in a great location is hard to beat. (id:6770)

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