Area: British Columbia
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Priced below assessed value and LEGAL SUITE! Exceptional investment opportunity with outstanding future redevelopment potential! Situated on a large, flat lot in a desirable family-friendly neighbourhood, this versatile property is zoned MF1, offering exciting possibilities for future development potential. The home features 7 bedrooms plus a den, including a spacious and fully self-contained 2-bedroom legal suite (currently being used as a 3 bedroom suite), making it an excellent income-generating property or ideal for multi-generational living. The upper level is currently rented for $3,500/month plus utilities, while the suite generates an additional $2,500/month plus utilities, providing strong rental income. An additional summer kitchen offers even more flexibility for extended family or entertaining. Major mechanical updates have already been completed, including a new furnace, hot water tank, and air conditioner, offering peace of mind for years to come. Located in a sought-after neighbourhood close to excellent schools, parks, public transit, shopping, restaurants, and everyday amenities, this property offers both immediate cash flow and long-term upside. (id:44056)

Property Details

Full Address:
693 Mayfair Court, Kelowna, British Columbia
Price:
$ 959,000
MLS Number:
10394265
List Date:
July 10th, 2026
Neighbourhood:
Rutland South
Lot Size:
0.21 ac
Year Built:
1991
Taxes:
$ 6,057

Interior Features

Bedrooms:
7
Bathrooms:
5
Appliances:
Refrigerator, Oven - Electric, Cooktop - Electric, Range - Electric, Dishwasher, Washer & Dryer
Flooring:
Carpeted
Air Conditioning:
Central air conditioning
Heating:
See remarks
Fireplaces:
1
Fireplace Type:
Gas, Unknown

Building Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Exterior:
Vinyl siding
Garage:
Additional Parking
Garage Spaces:
1
Ownership Type:
Freehold
Taxes:
$ 6,057

Floors

Finished Area:
3584 sq.ft.

Land

Lot Size:
0.21 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Kaila Klassen Royal LePage Kelowna
 250-460-1840
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Listing Agent(s)

Listing: Kaila Klassen
Royal LePage Kelowna
Co-Listing: John McMahon
Royal LePage Kelowna

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