698 Balsam Road Kelowna, British Columbia V1W 1B9

$1,199,999

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 4 bed side is rented for $3,200 per month including utilities and 2 bed side is vacant potential $1800. 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:46156)

Property Details

MLS® Number	10372637
Property Type	Single Family
Neigbourhood	Lower Mission

Building

Bathroom Total	3
Bedrooms Total	6
Appliances	Refrigerator, Dryer, Range - Electric, Washer
Basement Type	Full
Constructed Date	1971
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Half Bath Total	1
Heating Fuel	Electric
Heating Type	Forced Air, See Remarks
Stories Total	1
Size Interior	2,287 Ft2
Type	House
Utility Water	Municipal Water

Parking

See Remarks
Additional Parking
Heated Garage
Oversize

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	0.36
Size Total	0.36 Ac|under 1 Acre
Size Total Text	0.36 Ac|under 1 Acre

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Living Room			9'7'' x 17'5''
Second Level	Kitchen			13'2'' x 12'9''
Second Level	Dining Room			10'8'' x 12'3''
Second Level	Primary Bedroom			12'10'' x 18'9''
Second Level	Full Bathroom			9'1'' x 12'9''
Second Level	Living Room			9'7'' x 17'5''
Basement	Kitchen			15'8'' x 11'7''
Basement	Family Room			11'8'' x 25'
Basement	Partial Bathroom			5'1'' x 10'2''
Basement	Bedroom			10'9'' x 17'7''
Basement	Laundry Room			5'1'' x 4'8''
Basement	Bedroom			9'9'' x 17'7''
Main Level	Full Bathroom			8'6'' x 6'7''
Main Level	Bedroom			12'4'' x 11'3''
Main Level	Bedroom			13'4'' x 15'5''
Main Level	Bedroom			10'1'' x 11'1''
Main Level	Utility Room			10'10'' x 11'7''
Main Level	Living Room			17'0'' x 14'9''

https://www.realtor.ca/real-estate/29272722/698-balsam-road-kelowna-lower-mission