2 lot land assembly in central Kelowna with a home + duplex

Ideal central location for this development opportunity!  MLS# 10365106 and  MLS#10365162

Priced BELOW ASSESSMENT!

Perfect opportunity for multigenerational living!  These 2 separate titled properties are being sold as one!

The perfect opportunity for further future land assemblies, or an ideal package for a multi-generational property buyer that offers a home with a legal suite and a full duplex. Plenty of room for extended families all to live within close proximity to urban amenities!

The full side by side duplex on 0.23 acres and the adjacent single family home with legal suite on 0.15 acres must be “sold simultaneously”.

• This combined 0.38 acre ( 16,553 sq ft) is an open canvas for further land assembly or development!
• Close to urban transit corridor, on sewer, and in quiet setting hidden within the urban bustle!
• Combined two-lot land features MF1 zoning
• Combined approximately 125 feet of frontage aligns with the 2040 Official Community Plan
• Part of a Core Neighbourhood (C-NHD Urban Core) – a future land use supporting medium-density apartment housing.

Currently both properties have long-term tenants in place generating holding income.

Alternatively both properties can be the perfect base for multigenerational families where everyone in the family is within close proximity to each other as well as amenities.

Land assembly to be sold only with and in conjunction with neighboring 1025 Laurier (PID #010-950-192 with MLS# 10365106) listed for $685,000.00 and the duplex 1033/1035 Laurier ( PID # 012-231-878 with MLS# 10365162) listed for $1,100,000.00.

The combined Total Asking Price of $1,785,000.00 for 1025 Laurier and 1033/1035 Laurier is $204,000 below the current combined BC Assessment of $1,989,000.00.

Cannot be sold independently.

Long term tenants in place, all month to month, current rental income on the four rental units is $5,445.50 monthly or $65,346.00 yearly (based on information provided at time of listing, subject to change). Tenants in 1025 pay 50% of utilities, 1033/1035 tenants pay 100% of utilities.

This two lot land assembly, currently with two homes- features an updated 1944 built single family home with legal suite and a 1991 full duplex is a great opportunity to make a solid investment into a great downtown central location!

Buyers should perform their own due diligence to confirm intended potential development.