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:4069)
Address
410 Holbrook Road W
List Price
$1,600,000
Property Type
Single Family
Type of Dwelling
Fourplex
Style of Home
Other
Area
British Columbia
Sub-Area
Kelowna
Bedrooms
12
Bathrooms
8
Floor Area
4,472 Sq. Ft.
Lot Size
0.4 Ac.
Year Built
1968
MLS® Number
10349606
Listing Brokerage
Vantage West Realty Inc.
Postal Code
V1X1S3
