525 Leathead Road
Kelowna, British Columbia V1X2J5

$898,000

ID# 10322993
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:3942)
Courtesy of Rennie & Associates Realty Ltd.

Listed on: August 26, 2024

On market: 21 days
Bathroom Total 3
Bedrooms Total 7
Half Bathrooms Total 0
Year Built 1956
Cooling Type Central air conditioning
Flooring Type Mixed Flooring
Heating Type Forced air
Stories Total 1.5
3pc BathroomSecond level8'6'' x 4'
BedroomSecond level13'5'' x 9'3''
3pc BathroomSecond level6'4'' x 7'8''
BedroomSecond level10'4'' x 13'5''
Living roomSecond level15'6'' x 11'3''
Dining roomSecond level16'1'' x 11'3''
KitchenSecond level12' x 11'1''
Games roomSecond level16'4'' x 11'5''
FoyerSecond level7'1'' x 5'
BedroomLower level19'3'' x 11'5''
BedroomLower level13'8'' x 16'3''
OtherLower level7'7'' x 11'5''
StorageMain level8'5'' x 10'8''
BedroomMain level16'5'' x 9'5''
Laundry roomMain level5'7'' x 3'9''
3pc BathroomMain level8'9'' x 7'4''
Primary BedroomMain level12'8'' x 12'9''
KitchenMain level14'1'' x 10'1''
Living roomMain level11'3'' x 9'9''
BedroomMain level9'1'' x 10'6''
FoyerMain level4'10'' x 7'4''
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525 Leathead Road

Louise Levesque

Real Estate Advisor

 

MOBILE (250) 864-5218

Louise@LouiseLevesqueRealEstate.ca

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