410 Holbrook Road W new Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1X1S3
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 4,472 sqft
Price per Sqft $357
Subdivision Rutland South
MLS Listing ID 10349606
Style Other
Bedrooms 12
Half Baths 4
Year Built 1968
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Opportunities like this don't come up often—especially not in this condition. Set in the heart of Rutland, this well-maintained four-plex is tailor-made for investors and developers looking for solid income today and big upside tomorrow. The property not only has development potential but also has a significant rental uptake potential. The property currently sits at 4.34% cap rate generating over $98,000 annually currently. With MF2 zoning allowing for future redevelopment potential (up to 7-8 townhomes), this 0.40-acre property is as strategic as it is smart. This fully tenanted property is ideal for holding while you plan your next move. Each of the four units is set up as a 2 storey townhome with 3 bedrooms and 1.5 bathrooms. Each unit their own outdoor space, parking, and dedicated storage. The condition is clean, functional, and tenant-friendly, making it easy to keep full and cash flowing. Located steps from transit, shops, restaurants, and schools, this is a high-demand rental pocket with long-term development value. Rarely do four-plexes in this shape hit the market—especially with zoning this favorable. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Extra Room 1 Second level 6'7'' x 8'1'' 3pc Bathroom
Extra Room 2 Second level 11'2'' x 11'9'' Primary Bedroom
Extra Room 3 Second level 12'2'' x 9'8'' Bedroom
Extra Room 4 Second level 8'7'' x 8'8'' Bedroom
Extra Room 5 Second level 5'1'' x 11'5'' Other
Extra Room 6 Second level 7'2'' x 8'3'' 3pc Bathroom
Interior
Cooling See Remarks
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Septic tank
Architectural Style Other
Others
Ownership Freehold
Virtual Tour https://my.matterport.com/show/?m=tPLakBbtTUf