Income Producing Assembly of 2 Adjoining Fourplexes $ 2,400,000 ($1,200,000/property)
285 & 295 Fir Court, Kelowna, BC

Income Producing Assembly of 2 Adjoining Fourplexes $2,400,000 ($1,200,000/property).

285 & 295 Fir Court, Kelowna, BC


Property Description

HM Commercial Group is pleased to present not one, but TWO adjoining four-plex properties in Kelowna’s Rutland neighbourhood.    

The properties are in close proximity to shopping, parks, and area schools, and an easy walk to Starbucks, A&W, Costco and transit (with an express route to UBC-Okanagan), making it an ideal rental situation for young families, professionals and mature university students. 

Units are all 2 bedroom, 1 bath with in-suite laundry on the lower level, large living area, kitchen/dining upstairs.  Outdoor decks on the upper level and access to a large grassed yard in the back.

A few of the major highlights of this opportunity include:

  • Income producing, easy to finance
  • On-site parking for tenants
  • Nearly 3/4 of an acre land assembly (0.375 + 0.359 acres) 
  • Tenants pay their own light/heat (electric baseboard), and do their own snow removal
  • Walking distance to schools, parks, and public transit 
  • Redevelopment potential for increased density (RM3 Zoning, student housing) 
  • With Kelowna’s rental vacancy below 1%, this is a great opportunity to take advantage of a hot rental market 
  • Properties must be purchased together

Additional Information

Municipal Address285 & 295 Fir Court, Kelowna, BC
Legal DescriptionLots 5 & 6, Section 27, Township 26, Osoyoos Division Yale District, Plan 16535
PID002-443-678 & 007-847-149
Location285 & 295 Fir Court are centrally located just off of Highway 33 in close proximity to shopping, parks, area schools, and an easy walk to Starbucks, A&W, Costco and transit (with an express route to UBC-Okanagan).
Land Area0.734 acres
ParkingOn-site parking for tenants.
ZoningRM3, Low Density Multiple Housing
Taxes$11,508 (2017)

Property Map


Share Listing




E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.

Additional Photos




Direct: 250.712.3130
Fax: 250.860.1600
info@hmcommercial.com

2700 Richter St. Kelowna, BC V1Y 2R5