698 Balsam Road — Kelowna, British Columbia

$1,199,999
Beds:7Baths:3Type:DetachedBuilt:1971Postal:V1W1B9
698 Balsam Road — Kelowna, British Columbia - Photo 1 of 35
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Property Description

A rare Lower Mission opportunity that checks every box for investors, developers, and end users alike. Set on a flat and expansive 0.36-acre lot (approx. 15,616 sq.ft.) with excellent frontage, this property offers outstanding future redevelopment potential through subdivision (buyer to verify). The 3,115 sq.ft. home features a spacious 4-bedroom main residence plus a 2-bedroom, 1-bath legal suite (to verify) with separate driveways, entrances, and laundry. A unique side-by-side configuration provides flexibility for multi-generational living or strong rental appeal. Currently fully rented for $5,900 per month, this is a solid income-producing hold while planning future possibilities. A large 25’ x 27’ detached garage/workshop adds exceptional value for storage, hobbies, or a home-based business. Located directly next to Dorothea Walker Elementary and surrounded by parks, beaches, shopping, and recreation, this is a location families love. With ongoing redevelopment transforming Balsam Street into one of Lower Mission’s most sought-after corridors, this is a rare chance to secure a premium lot with tremendous upside in today’s market. (id:63357)

Property Details

Property Type
Detached
Bedrooms
7
Bathrooms
3
Half Baths
1
Living Area
2,287 sqft
Year Built
1971
Stories
1.0
Status
Active

Location & Neighborhood

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$1,199,999