**Rare legal 3-plex investment opportunity in a prime central Kelowna location.** This well-maintained, income-producing property offers 6 bedrooms and 4 full bathrooms across three self-contained units—an excellent addition to any portfolio. Located just blocks from Kelowna General Hospital, Okanagan Lake, the future downtown UBCO campus and less than one block to the Ethel Street bike corridor, this area consistently attracts strong tenant demand. Each unit features a functional two-storey layout with a living room, kitchen, dining area, and 2-piece bathroom on the main floor, finished with durable polished concrete flooring. Upstairs offers two bedrooms per unit. The front unit is especially desirable, featuring two primary bedrooms, each with its own 4-piece ensuite and access to a sunny south-facing deck. Units 2 and 3 each include two bedrooms and one full bathroom, with Unit 3 mirroring Unit 2. All appliances are under five years old, and each unit includes a storage shed. All three units are currently rented, providing immediate income. Month-to-month tenancies offer flexibility for future rent adjustments or repositioning. This is a rare opportunity to secure a legal multi-family property in one of Kelowna’s most sought-after rental corridors. This property would be amazing for short-term rentals, if the city changes its current short term rental policies. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
Yes
Total Living Area:
3,196 sq. ft.297 m2
Taxes:
$7,247.09 /
-
Community:
Kelowna South
Structure Type:
Triplex
Appliances Included:
Refrigerator, Oven - Electric, Range - Electric, Dishwasher, Washer/Dryer Stack-Up, Water Heater - Electric
Data was last updated March 18, 2026 at 08:45 PM (UTC)
Area Statistics
Listings on market:
200
Avg list price:
$757,018
Min list price:
$210,000
Max list price:
$4,490,000
Avg days on market:
206
Min days on market:
1
Max days on market:
747
Avg price per sq.ft.:
$365.91
These statistics are generated based on the current listing's property type
and located in
Kelowna South. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
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