2220 Burnett Street Lot# 7 Active

Kelowna,BC V1Y2T6

$ 1149000

5 Beds

3 Baths

2376 SqFt


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

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