8 Bedrooms

3 Bathrooms

4,220 sqft

$1,749,000

4 SUITES • $7,087/MONTH RENTAL INCOME • 0.22-ACRE MF1 LOT Well-maintained and thoughtfully upgraded, this fourplex offers an excellent investment opportunity with strong rental income, spacious suites and valuable future potential. Situated on a generous 0.22-acre MF1-zoned lot with convenient dual access from both Raymer Avenue and Bouvette Street, the property combines functionality with long-term upside. The building features four spacious 2-bedroom, 1-bathroom suites, each with its own private entrance and outdoor living area surrounded by generous green space. The upper suites are approximately 1,100 sq. ft. each, while the lower suites are approximately 1,000 sq. ft. each. All suites have been well cared for and thoughtfully upgraded. Tenants enjoy designated parking, on-site storage and convenient coin laundry, adding to the property's appeal and ease of management. Current rents total an impressive $7,087/month, with 1179A at $1,800, 1179B at $2,100, 1175A at $1,367 and 1175B at $1,820. With four established rental units, a large MF1-zoned lot, dual access and strong existing income, 1175–1179 Raymer Avenue is an attractive opportunity for investors looking for reliable cash flow and future potential in a desirable location. (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10394668
  Property Type	Single Family
  Neigbourhood	Kelowna South
  AmenitiesNearBy	Public Transit, Park, Recreation, Schools, Shopping
  CommunityFeatures	Family Oriented
  Features	Level Lot, Private Setting
  ParkingSpaceTotal	8

• Building

  Bathroom Total	3
  Bedrooms Total	8
  Constructed Date	1973
  Exterior Finish	Stucco
  Flooring Type	Carpeted, Vinyl
  Heating Fuel	Electric
  Heating Type	Baseboard Heaters, Forced Air, See Remarks
  Roof Material	Tar & Gravel
  Roof Style	Unknown
  Stories Total	2
  Size Interior	4,220 Sqft
  Type	Fourplex
  Utility Water	Municipal Water

  Parking

  Street

• Land

  Acreage	No
  Fence Type	Fence
  Land Amenities	Public Transit, Park, Recreation, Schools, Shopping
  Landscape Features	Level
  Sewer	Municipal Sewage System
  Size Irregular	0.22
  Size Total	0.22 Ac|under 1 Acre
  Size Total Text	0.22 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Second Level	Primary Bedroom			13' x 13'
  Second Level	Dining Room			10' x 10'
  Second Level	Bedroom			11' x 11'
  Second Level	Kitchen			13' x 11'
  Second Level	Full Bathroom			6' x 8'
  Second Level	Primary Bedroom			13' x 13'
  Second Level	Living Room			13' x 18'
  Second Level	Kitchen			13' x 11'
  Second Level	Bedroom			11' x 11'
  Second Level	Living Room			13' x 18'
  Main Level	Bedroom			11' x 11'
  Main Level	Living Room			13' x 18'
  Main Level	Primary Bedroom			13' x 13'
  Main Level	Kitchen			10' x 10'
  Main Level	Full Bathroom			6' x 8'
  Main Level	Bedroom			11' x 11'
  Main Level	Primary Bedroom			13' x 13'
  Main Level	Kitchen			10' x 10'
  Main Level	Full Bathroom			6' x 8'