122 Wallace Road. Kelowna, British Columbia V1X4T1

$1,578,900

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Down Payment: Monthly Payment:
  • 3 Beds
  • 1,601 SqFt
  • $986.20 / SqFt
  • Neighbourhood: Rutland North
  • HOA: N/a
  • MLS® #: 10308978
  • Year Built: 1940

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MLS® 10308978 is as 1,601sqft House located at 122 Wallace Road, in Kelowna British Columbia. The property features 3 bedrooms, and 2.00 bathrooms.

Description

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)

122 Wallace Road - Subdivision Statistics

Avg. asking price $1,176,675
Price per sq. ft. $19
Median price $899,900
Number of homes for sale in Rutland North 191
Number of homes for sale in Kelowna 2099
Avg. Days on Market N/A

Essential Information

  • Listing #10308978
  • Price$1,578,900
  • Bedrooms3
  • Bathrooms2.00
  • Square Footage1,601
  • Acres0.42
  • Year Built1940
  • TypeSingle Family
  • Sub-TypeHouse

Amenities

  • Parking Spaces6
  • ParkingDetached Garage, See Remarks
  • # of Garages2
  • GaragesDetached Garage

Interior

  • HeatingForced air, See remarks
  • CoolingWall unit
  • # of Stories2

Exterior

  • ExteriorStucco, Vinyl siding
  • RoofAsphalt shingle

Listing Details

  • Listing OfficeRoyal LePage Kelowna

Community Information

  • Address122 Wallace Road
  • SubdivisionRutland North
  • CityKelowna
  • ProvinceBritish Columbia
  • Postal CodeV1X4T1

Amenities

Golf Nearby, Airport, Park, Recreation, Schools, Shopping

Interior Features

Carpeted, Laminate, Tile,,,,,,,,,,,,,,,,Drywall

Additional Information

  • ZoningUnknown

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Sage Executive Group Real Estate
Request a showing of 122 Wallace Road, a 3 bedroom, 2.00 bathroom House in Rutland North, Kelowna. Built in 1940 and approximately 1,601 square feet in size, MLS #10308978 is currently listed for $1,578,900. To schedule a property tour, contact us at KelownaHomes.ca