693 Mayfair Court Kelowna, British Columbia V1X 7H7
$959,000
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:63400)
Property Details
| MLS® Number | 10394265 |
| Property Type | Single Family |
| Neigbourhood | Rutland South |
| Features | Central Island, Balcony |
| Parking Space Total | 1 |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 7 |
| Appliances | Refrigerator, Dishwasher, Cooktop - Electric, Oven - Electric, Range - Electric, Washer & Dryer |
| Constructed Date | 1991 |
| Construction Style Attachment | Detached |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detector Only |
| Fireplace Fuel | Gas |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Fireplace Type | Unknown |
| Flooring Type | Carpeted |
| Heating Type | See Remarks |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 3,584 Sqft |
| Type | House |
| Utility Water | Municipal Water |
Parking
| Additional Parking |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.21 |
| Size Total | 0.21 Ac|under 1 Acre |
| Size Total Text | 0.21 Ac|under 1 Acre |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bedroom | 9'11'' x 13'8'' | ||
| Lower Level | Other | 15'2'' x 20'10'' | ||
| Lower Level | Utility Room | 3'7'' x 7' | ||
| Lower Level | Kitchen | 7'10'' x 6'2'' | ||
| Lower Level | 4pc Bathroom | 5'9'' x 10'' | ||
| Lower Level | 4pc Bathroom | 6'6'' x 9'1'' | ||
| Lower Level | Foyer | 15'2'' x 8'7'' | ||
| Lower Level | Bedroom | 17' x 14' | ||
| Main Level | Primary Bedroom | 13'9'' x 13'11'' | ||
| Main Level | Kitchen | 11' x 11' | ||
| Main Level | Great Room | 24'8'' x 18'5'' | ||
| Main Level | Family Room | 13'8'' x 18'11'' | ||
| Main Level | Dining Room | 8' x 11'1'' | ||
| Main Level | Other | 13'7'' x 8'8'' | ||
| Main Level | Bedroom | 10' x 14' | ||
| Main Level | Bedroom | 10' x 10'11'' | ||
| Main Level | 5pc Bathroom | 7'5'' x 10'2'' | ||
| Main Level | 4pc Ensuite Bath | 7'4'' x 5'9'' | ||
| Additional Accommodation | Living Room | 15'6'' x 19'7'' | ||
| Additional Accommodation | Kitchen | 7'11'' x 11'11'' | ||
| Additional Accommodation | Bedroom | 11'8'' x 14' | ||
| Additional Accommodation | Bedroom | 14'5'' x 14'1'' | ||
| Additional Accommodation | Full Bathroom | 7' x 7'3'' |
https://www.realtor.ca/real-estate/30018887/693-mayfair-court-kelowna-rutland-south
Kaila Klassen
www.kailaklassen.com/
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7
(250) 860-1100
(250) 860-0595
royallepagekelowna.com/
John Mcmahon
Personal Real Estate Corporation
#1 - 1890 Cooper Road
Kelowna, British Columbia V1Y 8B7
(250) 860-1100
(250) 860-0595
royallepagekelowna.com/
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July 10 2026 08:03:51
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