A fourplex in a quiet, residential area of Kelowna has sold for $1.17 million, HM Commercial tells Western Investor.
The two-level home built in 1968 consists of four independent townhome units. Each unit has three bedrooms and one and a half bathrooms, with a private entrance and parking at the front of the unit. The building is a fully-leased, income-producing property. The units have been renovated and modernized, making for a hassle free investment.
The property is located at 410 Holbrook Rd., Kelowna.
Breakdown:
Price: $1,178,000
No. of Units: 4
Price/Unit: $294,500
Property Size: 4,472 SF
Property Type: Multi-family
Zoning: RM3
2017 B.C. Assessment Value: $1,129,000
City: Kelowna
Province: B.C.
Name of Brokerage: HM Commercial
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