425 GLENWOOD AVE, No City Value BC V1Y 5L9, No city value, BC

$1,399,000
Est. Mortgage /mo

MLS® R2965959

$1,399,000
Est. Mortgage /mo
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
Go See This Home Now
3 Beds
2 Baths
2 Stories
lot 7840 sqft
1925 sqft
1953 built
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Photos
Map
Street view
Schools
Crime
Commute
Shop & Eat

Property details

Welcome to this rare opportunity of prime development property with huge potential in the prestigious Kelowna South. With recent zoning changed to MF4, this property offers tremendous potential for redevelopment, ranging from infill housing to six-story apartments. Ideally located just few steps away from Kelowna General Hospital, pristine beaches, Abbott Corridor, and only minutes from downtown and the vibrant Pandosy Village, this home is at the heart of everything you need. The current home features two spacious bedrooms upstairs and a 1 bedroom in-law suite downstairs. The basement suite includes its own laundry and a private entrance. The entire home is rented to month-to-month tenants. This property with Rear laneway access is ideal for rental income while it awaits redevelopment.

General Info

Price $1,399,000
Total Bedrooms 3
Total Bathrooms 2
Half Bathrooms 0
Floor Area Total (sqft) 1925
Lot Size 7840.8
Lot Size Depth Feet
Lot Size Frontage 60
Basement Finished, Exterior Entry
Basement Features BasementFeatures

Property Metrics

Year Built 1953
Age Of Building 72
Building Type Single Family Residence
Property Type Residential
Architecture Style Rancher/Bungalow w/Bsmt.
Stories 2
Appliances Included Washer/Dryer, Washer, Refrigerator, Cooktop
Building Features BuildingFeatures
Structures Residential Detached

Additional Details

MLS # R2965959
Area FVREB Out of Town
Neighbourhood FVREB Out of Town
City No City Value
Gross Taxes $4,155.71
Ownership Type Freehold NonStrata
Maintenance Fee -

Heating & Cooling

Fireplace 1
Heating Type Forced Air, Natural Gas

Utilities

Utility Type Electricity Connected, Natural Gas Connected, Water Connected
Utility Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Water (WaterSource) Public

Parking

Parking Type Open, Rear Access
Total Parking Spaces 4

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Strata Restrictions -
Rental Restrictions -
Zoning MF4
Rental Suites Unauthorized Suite
Laundry In Unit
# of Kitchens 2
Flooring Hardwood, Laminate, Mixed, Tile
Foundation Concrete Perimeter
Locker -
View -
View Description -
Units In Development -
Sewer Public Sewer, Sanitary Sewer, Storm Sewer
Roof Asphalt

Property History

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Status Date Price
Active - $1,399,000
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Listed by: eXp Realty of Canada, Inc.

NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Greater Vancouver REALTORS® which assumes no responsibility for its accuracy.

Neighborhood Info

Public Schools

Middle
KLO Middle School
Average
2.11 km
Rating 4.3/10
Elementary
A S Matheson Elementary School
Average
1.1 km
Rating 5.4/10
Secondary
Kelowna Secondary School
1.67 km
No Rating

Part of this information is provided by the Province of British Columbia under the Open Government License for Government of BC Information v.BC1.0. School boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school.

Private Schools

Elementary
St. Joseph Elementary School
0.84 km
Rating 7.9/10
Secondary
Immaculata Regional High School
2.62 km
No Rating

Closest Transit

Kelowna
Pandosy at Cadder (SB)
0.19 km

425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 is serviced by A S Matheson Elementary School. The property with listing MLS® R2965959 is located 1.1 km from the school. A S Matheson Elementary School has a rating of Rating 5.4/10.

The closest Elementary independent school to this home for sale located at 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 is St. Joseph Elementary School with School's rating Rating 7.9/10, located 0.84 km from this home.

The closest to this address 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 Secondary independent school is Immaculata Regional High School with School's rating No Rating, located 2.62 km from this home

The freshest crime data from Statistics Canada are from 2020. There were 18,309 volation disturbances in this neighbourhood. The overall crime rate near the address - 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9, No city value, BC is 12,529.51. Rate is the amount of incidents per 100,000 population. Comparing to other Canadian cities it has Above Average rate in 2020. Year by year change in the total crime rate is -8.71%

Drug crime rate next to the listing MLS® R2965959 is High comparing to other neighbourhoods. The illegal substances offences rating is 711.71. There were 1,040 illegal substances lawbreaking disturbances in this city in 2020 . Year by year change in the illegal substances offences ranking is 31.89%

Property crimes in the neighbourhood close to real estate listing for sale 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 are High. Property misconduct rating adjacent to MLS® R2965959 is 6,636.69. There were 9,698 in the neighbourhood in 2020. Year by year change in the property misconduct rate is -21.39%

There were 2,904 violent lawbreaking disorders in 2020. 1,987.31 and it is Above Average rate comparing to other BC municipalities. Year by year change in the violent crime rate is 12.91%

The closest Bus station is Pandosy at Cadder (SB) in 0.19 km away from this listing with - MLS® R2965959.

24% of people with university certificate/degree live in this neighbourhood adjacent to the 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 which is Above Average in comparison with other BC neighbourhoods. 11.2% of population in this neighbourhood that is near the Listing MLS® R2965959 have no certificate or degree. This number is Low compared to the average in BC.

Median Household Income near this dwelling with the address 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9, No city value, BC is $41888 which is Low in comparison with the British Columbia average. Median personal income near this dwelling with listing - MLS® R2965959 is $27424 which is Below Average in comparison with the BC average. % of the Households with a mortgage in this census subdivision is 61.1% which is Average.

Unemployment rate in the area around Real Estate Listing # R2965959 is 7 which is Below Average in comparison to the other province neighbourhoods.

This real estate is located in 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 FVREB Out of Town where population change between 2011 and 2016 was 9.5%. This is High in comparison to average growth rate of this region.

Population density per square kilometre in this community near the address 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9, No city value, BC is 3896.3 which is High people per sq.km.

Average size of families in the area adjacent to home for sale 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 is 2.4. This is Low number in comparison to the whole region. Percent of families with children near by the Real Estate Listing - MLS® R2965959 is 40% and it is Low. % of Married or living common law is around 40.9% and it is Low.

Average age of the population close to the 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 is 42.4 . This percentage is Average in comparison to other BC cities.

Average value of dwellings in this neighbourhood around 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9, No city value, BC is $620981 and this is High comparing to other areas in British Columbia

Average Owner payments are Above Average in the area adjacent to 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9. $1435 owners spent in average for the dwelling. Tenants are paying $967 in this district close to MLS® R2965959 and it is Average comparing to other cities.

70.6% of Population in this district near the 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 are Renters and it is High comparing to other BC cities and areas.

% of English and French speakers around real estate listing 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9, No city value, BC is 9.3%, it is Above Average, % of English speakers only is 89.9% and Average. % of French speakers adjacent to 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 only is 0.1% and it is Below Average. % of Neither English nor French speakers close to home for sale 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9, No city value, BC is 0.7% and it is Below Average comparing to other BC cities.

12.4% of all population in the area around this property with the address 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9, No city value, BC using Public Transport which is Average, 64.4% of using population are using Cars around MLS® R2965959, which is Low. 7.2% of people using Bicycles around the 425 GLENWOOD AVENUE, No City Value BC V1Y 5L9 and it is High. 14.9% of population are walking which is High

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Local Info

Calculate your monthly mortgage payments

/month
Principal & Interest
Property Taxes $202
Maintenance fee 0
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Cash Flow Analysis

/month
Mortgage Payment $3201
Monthly Payment $3802
Break Even Down Payment 0%
All calculations are estimates and provided by Estateblock.com for informational purposes only. Actual amounts may vary.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Estateblock.com from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates. Insurance rates are very approximate and for informational purposes only.

Price Evaluation Chart

Filter
Beds Home Types Square Feet Lot Size Year Built
This Home $1,399,000
No city value No comparables
FVREB Out of Town No comparables
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy

Listing Price Comparision

This house $1,400,000
Surrey

No comparables

Fleetwood Tynehead $1,399,000 -6.38%
Data is based on list prices of similar active listings. This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy
Dan Marusin
Dan Marusin
Renanza Realty
778-918-5990
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