860 Glenwood Avenue, Kelowna
**Rare legal 3-plex investment opportunity in a prime central Kelowna location.** This well-maintained, income-producing property offers 6 bedrooms and 4 full bathrooms across three self-contained units—an excellent addition to any portfolio. Located just blocks from Kelowna General Hospital, Okanagan Lake, the future downtown UBCO campus and less than one block to the Ethel Street bike corridor, this area consistently attracts strong tenant demand. Each unit features a functional two-storey layout with a living room, kitchen, dining area, and 2-piece bathroom on the main floor, finished with durable polished concrete flooring. Upstairs offers two bedrooms per unit. The front unit is especially desirable, featuring two primary bedrooms, each with its own 4-piece ensuite and access to a sunny south-facing deck. Units 2 and 3 each include two bedrooms and one full bathroom, with Unit 3 mirroring Unit 2. All appliances are under five years old, and each unit includes a storage shed. All three units are currently rented, providing immediate income. Month-to-month tenancies offer flexibility for future rent adjustments or repositioning. This is a rare opportunity to secure a legal multi-family property in one of Kelowna’s most sought-after rental corridors. This property would be amazing for short-term rentals, if the city changes its current short term rental policies. (id:62865)
Status
Active
Year Built
2006
Property Type
Triplex
Ownership
Freehold
Parking Spaces
4
Annual Tax
$7,247
Parcel Number
012-119-075
Data Source
Association of Interior REALTORS®
Bedrooms
6
Bathrooms
7
Living Area
3196 square feet
Flooring
Appliances
Lot Size
0.14 acres
Fencing
Fence
Roof
Vinyl Shingles,Unknown
Heating
Baseboard heaters
Cooling
Wall unit
Water Source
Municipal water
Sewer
Municipal sewage system
$1,599,599
Office
Royal LePage Kelowna
Loan Amount:
$1,279,679
Estimated Monthly Payment:
$6,236
This is an estimate for informational purposes only. Consult with a financial advisor.
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