4 SUITES • $7,087/MONTH RENTAL INCOME • 0.22-ACRE MF1 LOT Well-maintained and thoughtfully upgraded, this fourplex offers an excellent investment opportunity with strong rental income, spacious suites and valuable future potential. Situated on a generous 0.22-acre MF1-zoned lot with convenient dual access from both Raymer Avenue and Bouvette Street, the property combines functionality with long-term upside. The building features four spacious 2-bedroom, 1-bathroom suites, each with its own private entrance and outdoor living area surrounded by generous green space. The upper suites are approximately 1,100 sq. ft. each, while the lower suites are approximately 1,000 sq. ft. each. All suites have been well cared for and thoughtfully upgraded. Tenants enjoy designated parking, on-site storage and convenient coin laundry, adding to the property's appeal and ease of management. Current rents total an impressive $7,087/month, with 1179A at $1,800, 1179B at $2,100, 1175A at $1,367 and 1175B at $1,820. With four established rental units, a large MF1-zoned lot, dual access and strong existing income, 1175–1179 Raymer Avenue is an attractive opportunity for investors looking for reliable cash flow and future potential in a desirable location. (id:13641)
| MLS® Number | 10394668 |
| Property Type | Single Family |
| Neigbourhood | Kelowna South |
| Amenities Near By | Public Transit, Park, Recreation, Schools, Shopping |
| Community Features | Family Oriented |
| Features | Level Lot, Private Setting |
| Parking Space Total | 8 |
| Bathroom Total | 3 |
| Bedrooms Total | 8 |
| Constructed Date | 1973 |
| Exterior Finish | Stucco |
| Flooring Type | Carpeted, Vinyl |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air, See Remarks |
| Roof Material | Tar & Gravel |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 4,220 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| Street |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Public Transit, Park, Recreation, Schools, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.22 |
| Size Total | 0.22 Ac|under 1 Acre |
| Size Total Text | 0.22 Ac|under 1 Acre |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 13' x 13' | ||
| Second Level | Dining Room | 10' x 10' | ||
| Second Level | Bedroom | 11' x 11' | ||
| Second Level | Kitchen | 13' x 11' | ||
| Second Level | Full Bathroom | 6' x 8' | ||
| Second Level | Primary Bedroom | 13' x 13' | ||
| Second Level | Living Room | 13' x 18' | ||
| Second Level | Kitchen | 13' x 11' | ||
| Second Level | Bedroom | 11' x 11' | ||
| Second Level | Living Room | 13' x 18' | ||
| Main Level | Bedroom | 11' x 11' | ||
| Main Level | Living Room | 13' x 18' | ||
| Main Level | Primary Bedroom | 13' x 13' | ||
| Main Level | Kitchen | 10' x 10' | ||
| Main Level | Full Bathroom | 6' x 8' | ||
| Main Level | Bedroom | 11' x 11' | ||
| Main Level | Primary Bedroom | 13' x 13' | ||
| Main Level | Kitchen | 10' x 10' | ||
| Main Level | Full Bathroom | 6' x 8' |
https://www.realtor.ca/real-estate/30032120/1175-1179-raymer-avenue-kelowna-kelowna-south
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