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885 Walrod Street, Kelowna

Property Description

5 bed home PLUS 2 bed LEGAL SUITE! Incredible value & holding potential. Legal suite was added on to the rear of the home (laneway access) allowing it to be offset from the main part of the house. This makes it so you don't get any of the typical up/down noise transfer between occupants. Main house upper level has 3 beds, 1 bath, well maintained with bright kitchen/living area and access to private laundry. Fantastic layout & new deck surface off the kitchen. Lower level of main home has 2 beds, 1 bath, & 2nd private laundry. The LEGAL SUITE offers 2 beds,1 bath, fresh paint, new fridge, plenty of bright living space & its own laundry. Great option for a large family while still earning income from the legal suite OR buy & hold as an investment w/rental income. City has indicated alignment w/provincial short term rules which may open up this property for being an Air BNB if owner occupies a portion of the home. Plenty of parking available as well as detached shed for storage off the laneway access. Recent landscaping, gutters, exterior updates, paint & new roof in 2024. Turn-key opportunity for someone to step in & add to their investment portfolio, or reside as a homeowner/landlord & generate rental income from the suite. MF1 zoning. Ideal proximity to shopping, dining, breweries, transportation, Okanagan Lake, Knox Mountain, the new UBCO downtown location & so much more. As far as rentals in Kelowna go, this home shows A+ & currently generates excellent rental income. (id:47466)

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Full Address:
885 Walrod Street, Kelowna, British Columbia
Price:
$ 1,150,000
MLS Number:
10374368
List Date:
January 30th, 2026
Neighbourhood:
Kelowna North
Lot Size:
0.16 ac
Year Built:
1958
Taxes:
$ 5,293

Property Details

Bedrooms:
7
Bathrooms:
3
Air Conditioning:
Wall unit
Heating:
Baseboard heaters, Forced air, Electric, See remarks

Interior Features

Storeys:
2
Sewer:
Municipal sewage system
Water:
Municipal water
Roof:
Asphalt shingle, Unknown
Garage:
Detached Garage, Other, Rear, RV, Street, Additional Parking
Ownership Type:
Freehold
Taxes:
$ 5,293

Building Features

Finished Area:
2759 sq.ft.

Floors

Lot Size:
0.16 ac

Land

Neighbourhood Features

Ratings

Commercial Info

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Steve Thompson
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Agent: Lani RaeOffice: Century 21 Assurance Realty Ltd

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