122 Wallace Road, Kelowna, British Columbia

$1,578,900

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3

Beds

2

Baths

1,601

Square feet

0.42

Acres

About 122 Wallace Road

TRUE INVESTMENT OPPORTUNITY! Massive 18,300sqft subdividable lot with the application to subdivide already in place with the city of Kelowna! Potential to build TWO fourplexs on this property, one on each lot. With city of Kelowna zoning changes coming into affect soon this is a very smart investment for immediate redevlopment or as a holding property to develop in the future. The house is currently being rented for $2,700 per month plus utilities on month to month basis. There is a large 24ft X 24ft detached shop with 200 amp power supply which was previously rented out as well so this property could generate you over $3100 per month in passive income. Prime location with maximum exposure as this lot is right on the corner of Rutland Road and Wallace. Extremely close to all amenities, shops, schools and public transit. (id:6289)

Features of 122 Wallace Road

Listing # 10308978
Price $1,578,900
Bedrooms 3
Bathrooms 2.00
Square Footage 1,601
Acres 0.42
Year Built 1940
Type Single Family
Sub-Type Freehold

Community Information

Address 122 Wallace Road
Subdivision Rutland North
City Kelowna
Province British Columbia
Postal Code V1X4T1

Amenities

Amenities Golf Nearby, Airport, Park, Recreation, Schools, Shopping
Parking Spaces 6
Parking Detached Garage, See Remarks
# of Garages 2
Is Waterfront No
Has Pool No

Interior

Heating Forced air, See remarks
Cooling Wall unit
Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Stucco, Vinyl siding
Roof Asphalt shingle

Additional Information

Zoning Unknown

Listing Details

OfficeRoyal LePage Kelowna

Listing Map

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