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$1,149,000
2220 Burnett Street Lot# 7
Kelowna, British Columbia, British Columbia, V1Y2T6
MLS® Number: 10339669
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!
Building information
Type
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Appliances
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Architectural Style
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Constructed Date
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Construction Style Attachment
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Fireplace Fuel
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Fireplace Present
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Fireplace Type
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Half Bath Total
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Heating Type
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Roof Material
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Roof Style
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Size Interior
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Stories Total
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Utility Water
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Land information
Amenities
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Sewer
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Size Frontage
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Size Irregular
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Size Total
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Rooms
Main level
4pc Bathroom
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Bedroom
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Bedroom
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Dining room
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Kitchen
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Living room
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Primary Bedroom
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Basement
Full bathroom
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4pc Bathroom
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Bedroom
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Kitchen
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Laundry room
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Living room
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Primary Bedroom
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Recreation room
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Courtesy of RE/MAX Kelowna
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