Priced BELOW ASSESSMENT VALUE!! Attention Buyers, Investors, and Developers: Discover this well-maintained, income-producing 7-bedroom, 3-bathroom home that offers multiple opportunities. Live in it, rent it out for high income, or redevelop it with land assembly potential in the Rutland Urban Center-UC4 Zoning! Enjoy breathtaking mountain views from this dream home situated on a generous 0.21-acre lot. The home features updates throughout, including efficient in-floor hot water heating and premium air conditioning, and offers a separate entrance for the 3-bedrooms below, making it perfect for multi-family living or rental purposes. The spacious, fully fenced yard provides ample parking space for a boat, RV, and more, enhancing its appeal. Furnishings can be included for a turnkey investment. The lot spans approximately 9,147 sqft (70x142), offering abundant potential for future development, whether you choose to redevelop this single lot or consider assembling adjacent lots for a larger-scale project. This property is ideally located just minutes away from parks, schools, shopping, and recreational facilities, making it suitable for student housing or generating lucrative rental income while awaiting land assembly. Don't miss the chance to secure a place in this burgeoning development landscape, with the added bonus of a potential land assembly opportunity. (id:4069)
| Address |
525 Leathead Road |
| List Price |
$898,000 |
| Property Type |
Single Family |
| Type of Dwelling |
House |
| Area |
British Columbia |
| Sub-Area |
Kelowna |
| Bedrooms |
7 |
| Bathrooms |
3 |
| Floor Area |
2,695 Sq. Ft. |
| Lot Size |
0.21 Sq. Ft. |
| Year Built |
1956 |
| MLS® Number |
10326953 |
| Listing Brokerage |
Rennie & Associates Realty Ltd.
|
| Postal Code |
V1X2J5 |
| Site Influences |
Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, View |
| Features |
Treed, See remarks, Two Balconies |
