About This Property
Investor alert in the heart of Okanagan Falls! Just 1.5 blocks to Skaha Lake and its beautiful beaches, this well-maintained 2340 sqft home with a suite offers excellent revenue potential and lifestyle appeal. The upper level features 1230 sqft with 3 bedrooms, 2 bathrooms, its own laundry, and a bright, functional layout, plus additional storage downstairs. The lower 1110sqft level includes an approximately 850 sqft 2-bedroom suite with separate entrance and its own laundry—perfect for mortgage helper or full rental income. Extensively renovated in 2021, the home showcases durable vinyl plank flooring and modern updates throughout. Comfort is covered with a ductless heat pump providing efficient heating and cooling upstairs, while the lower level is serviced by electric baseboards. The property is currently generating $4,050/month in rental income, with an estimated net income of approximately $23,000 annually after expenses. Outside, enjoy a private yard complete with a hot tub, cherry tree, and included lawn tractor. Additional highlights include 200 amp service and a prime walkable location close to amenities, parks, and the lake. A solid investment or ideal opportunity for multi-generational living in a sought-after South Okanagan community! (id:64973)
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