$ 1.175.000

861 Martin Avenue, Kelowna

39 Photos

Kitchen - 861 Martin Avenue, Kelowna, BC V1Y6V4 Photo 2

Full bathroom - 861 Martin Avenue, Kelowna, BC V1Y6V4 Photo 3

Full bathroom - 861 Martin Avenue, Kelowna, BC V1Y6V4 Photo 4

Bedroom - 861 Martin Avenue, Kelowna, BC V1Y6V4 Photo 5

Primary Bedroom - 861 Martin Avenue, Kelowna, BC V1Y6V4 Photo 6

Partial bathroom - 861 Martin Avenue, Kelowna, BC V1Y6V4 Photo 7

Bedrooms: 5
Bathrooms: 4
Living area: 2480 square feet

MLS®: 10310424
Type: Residential
Added: 9 days ago

Property Details

House and Carriage house on a large MF1 zoned lot. This is an investor/developer's dream property. It has strong holding power right now as well as great development potential in the future in an ideal location to maximize your investment now and later. The oversized, 55 ft x 135 ft lot with alley access (.17 acres or 7,425 sqft) allows a developer to build bigger than average units in a future 4 plex or 6-plex that can be sold for more when finished. It would also allow for 2 duplexes instead of 1 fourplex to be built, similar to what was done across the street. In the meantime, the main home and carriage house are bringing in good rental income with great tenants until the time is right to start your development project. Like I said, this is an investor/developers dream property to purchase. (id:1945)

Best Mortgage Rates

Property Information

Roof: Asphalt shingle, Unknown
View: Mountain view
Sewer: Municipal sewage system
Zoning: Unknown
Cooling: Wall unit
Heating: Baseboard heaters, Forced air, Electric, See remarks
Stories: 3
Flooring: Tile, Hardwood, Carpeted, Ceramic Tile, Vinyl
Year Built: 1960
Living Area: 2480
Lot Features: Level lot, Private setting
Photos Count: 39
Water Source: Municipal water
Lot Size Units: acres
Parcel Number: 009-612-785
Parking Total: 4
Bedrooms Total: 5
Structure Type: House
Common Interest: Freehold
Fireplaces Total: 2
Parking Features: See Remarks
Tax Annual Amount: 4947.44
Bathrooms Partial: 1
Exterior Features: Stucco, Wood siding, Composite Siding
Security Features: Smoke Detector Only
Community Features: Family Oriented
Fireplace Features: Decorative, Unknown
Lot Size Dimensions: 0.17
Architectural Style: Split level entry

Room Dimensions

Type	Level	Dimensions
Living room	Third level	13' x 17'9''
Kitchen	Third level	11'5'' x 17'9''
Full bathroom	Fourth level	9'10'' x 11'
Full bathroom	Third level	8'10'' x 12'8''
Bedroom	Third level	13' x 12'8''
Primary Bedroom	Fourth level	11'10'' x 12'8''
Partial bathroom	Basement	13'3'' x 15'4''
Bedroom	Basement	13'4'' x 12'11''
Full bathroom	Second level	7'10'' x 6'5''
Bedroom	Second level	8'11'' x 12'1''
Primary Bedroom	Second level	11'1'' x 15'4''
Kitchen	Main level	9'10'' x 13'8''
Dining room	Main level	14'10'' x 8'10''
Living room	Main level	13'4'' x 18'5''

	This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association

Nearby Places

Name	Type	Address	Distance
Mekong Restaurant	Restaurant	1030 Harvey Ave	0.6 km
Mamma Rosa Restaurant	Restaurant	561 Lawrence Ave	0.6 km
Bohemian Cafe & Catering Company	Food	524 Bernard Ave	0.7 km
The Grateful Fed Pub	Bar	509 Bernard Ave	0.7 km
Kelowna Actors Studio	Restaurant	1379 Ellis St	0.7 km
Accent Inns	Lodging	1140 Harvey Ave	0.7 km
Glenmore, British Columbia	Glenmore is a community in the city of Kelowna....		0.7 km
DunnEnzies Pizza Co.	Restaurant	1559 Ellis St	0.7 km
Queensway Transit Exchange	Kelowna Regional Transit System buses from this te...		0.8 km
Kelowna Memorial Arena	It is notable for its small ice surface of 180' X ...		0.8 km
Boston Pizza	Restaurant	545 Harvey Ave	0.8 km
Regional District of Central Okanagan	Statistics Canada defines the Kelowna CMA (Census ...		0.8 km

Similar Houses Stat in Kelowna

We have found 6 Houses that closely match the specifications of the property located at 861 Martin Avenue with distances ranging from 2 to 10 kilometers away. The prices for these similar properties vary between 729,800 and 1,564,000, providing a good range for comparison. Moreover, we have also discovered that there are a few open Houses in the V1Y6V4 postal code area of Kelowna British Columbia Canada.

861 Martin Avenue mortgage payment

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 861 Martin Avenue. The current price of the property is $1,175,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $940,000. This would result in a monthly mortgage payment of $5,495 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree	25
Bachelor's degree	40
University / Below bachelor level	15
Certificate of Qualification	40
College	110
University degree at bachelor level or above	95

Neighbourhood Marital Status Stat

Married	155
Widowed	10
Divorced	50
Separated	15
Never married	220
Living common law	110
Married or living common law	265
Not married and not living common law	305

Neighbourhood Construction Date

1961 to 1980	60
1991 to 2000	45
2001 to 2005	20
2006 to 2010	60
1960 or before	150

Nearby Cities	Listings	Avg. price
West Kelowna Real Estate	413	$942.467
Lake Country Real Estate	160	$1.617.231
Peachland Real Estate	53	$1.356.794
Summerland Real Estate	160	$1.299.843
Naramata Real Estate	78	$1.383.679
Penticton Real Estate	622	$785.694
Vernon Real Estate	853	$829.795
Lumby Real Estate	95	$950.894

Popular Cities	Listings	Avg. price
Osoyoos Real Estate	403	$694.120
Kamloops Real Estate	729	$778.886
Mission Real Estate	315	$1.284.828
Chilliwack Real Estate	558	$1.049.968
Maple Ridge Real Estate	684	$1.471.969
Abbotsford Real Estate	690	$1.411.086
Langley Real Estate	999	$1.830.384
Surrey Real Estate	2552	$1.675.144