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$685,000

4 Beds

2 Baths

1272 FEETSQ

QuickQuoteTM: Not Available

Kelowna BC, V1Y 6B2

MLS® # 10365106

Property Information:

Priced BELOW ASSESSMENT and the Perfect opportunity for multigenerational living- this updated character home offers a legal suite that is apart of a land assembly offering! Prime development location! Nestled into Laurier this 0.15 acre home must be "sold simultaneously" with the adjacent neighboring 0.23 acre duplex 1033/1035 Laurier creating a combined 0.38 acre ( 16,553 sq ft) development canvas. These 2 properties combined create a great opportunity for a future further land assembly or development! Close to urban transit corridor, on sewer, and in quiet setting hidden within the urban bustle are in a sought-after central location. With approximately combined 125 feet of frontage on Laurier Avenue and a total of two titles, this site presents an excellent opportunity for future development. Currently zoned MF1, the land aligns with the 2040 Official Community Plan, designating it as Core Neighbourhood (C-NHD Urban Core) – a future land use supporting medium-density apartment housing. Currently the updated single-family home and adjacent full duplex, both with long-term tenants in place, can generate holding income while planning your project or alternatively is the perfect base for multigenerational families where everyone in the family is within close proximity and within walking distance to everything! Buyers are advised to perform their own due diligence to confirm zoning and development potential.

Exclusions : Tenant belongings.

Property Features:

  • Bedrooms: 4
  • Bathrooms: 2
  • Annual Tax Amount: $4,114
  • Architectural Style: Bungalow
  • Built in: 1944
  • Construction Materials: Stucco, Wood Siding, Wood Frame
  • Cooling: None
  • Floor Space (approx): 1272 Square Feet
  • Heating: Forced Air
  • Lot Size: 0.15 Acres
  • Parking Features: Other
  • Roof: Asphalt, Shingle
  • Water Source: Public
  • Sewer: Public Sewer

Rooms:

  • Bathroom Basement Level .00 m x .00 m
  • Bedroom Basement Level 3.33 m x 2.44 m
  • Bedroom Basement Level 3.33 m x 2.80 m
  • Bedroom Main Level 3.22 m x 2.16 m
  • Living Main Level 3.76 m x 5.08 m
  • Bathroom Main Level .00 m x .00 m
  • Kitchen Basement Level 3.61 m x 3.89 m
  • Living Basement Level 3.61 m x 3.96 m
  • Kitchen Main Level 3.76 m x 3.00 m
  • Primary Bedroom Main Level 3.22 m x 2.92 m

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Location of 1025 Laurier Avenue, Kelowna, BC, V1Y 6B2

Demographic Information of 1025 Laurier Avenue, Kelowna, BC, V1Y 6B2

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$86,349.50

Average Number of Children

1.49

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.62 %

High school certificate or equivalent

32.48 %

Apprenticeship trade certificate/diploma

7.91 %

College/non-university certificate

22.23 %

University certificate (below bachelor)

1.4 %

University Degree

23.35 %

Commuter

Travel To Work

By Car

75.93 %

By Public Transit

4.13 %

By Walking

10.42 %

By Bicycle

4.85 %

By Other Methods

4.67 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.99 %

Houses

43.01 %

Own Vs. Rent