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Mark Jontz

mark.jontz.associates@gmail.com +1(250) 861-6002

$1,600,000

Est. payment - /mo

12 Beds

8 Baths

4,472 SqFt

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 4,472 sqft

Price per Sqft $357

Subdivision Rutland South

MLS® Listing ID 10349606

Style Other

Bedrooms 12

Half Baths 4

Year Built 1968

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type Freehold

Source Association of Interior REALTORS®

Property Description

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:24570)

Location

Province BC

Zoning Unknown

Rooms

Kitchen 0.0

Extra Room 1 Second level 6'7'' x 8'1'' 3pc Bathroom

Extra Room 2 Second level 11'2'' x 11'9'' Primary Bedroom

Extra Room 3 Second level 12'2'' x 9'8'' Bedroom

Extra Room 4 Second level 8'7'' x 8'8'' Bedroom

Extra Room 5 Second level 5'1'' x 11'5'' Other

Extra Room 6 Second level 7'2'' x 8'3'' 3pc Bathroom

Interior

Cooling See Remarks

Exterior

Parking Features No

View Y/N No

Roof Type Unknown

Total Parking Spaces 4

Private Pool No

Building

Story 2

Sewer Septic tank

Architectural Style Other

Others

Ownership Freehold

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Listed by Vantage West Realty Inc.

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Mark Jontz

+1(250) 861-6002

Real Estate Agent

410 Holbrook Road W Kelowna, BC V1X1S3

Mark Jontz

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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