2220 Burnett Street Lot# 7 Active Save Request In-Person Tour Request Virtual Tour
Kelowna,BC V1Y2T6
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,376 sqft
Price per Sqft $483
Subdivision Kelowna South
MLS Listing ID 10339669
Style Ranch
Bedrooms 5
Year Built 1963
Lot Size 8,276 Sqft
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 2.0
Interior
Heating See remarks
Fireplaces Type Conventional
Exterior
Parking Features No
View Y/N Yes
View Mountain view
Roof Type Unknown
Building
Story 2
Sewer Municipal sewage system