698 Balsam Road
MLS® Number: 10372637
$ 1,199,999
6
BEDROOMS
2 + 1
BATHROOMS
2,287
SQUARE FEET
1971
YEAR BUILT
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.
| COMMUNITY | |
| PROPERTY TYPE | |
| BUILDING TYPE | |
| STYLE | Two Storey |
| YEAR BUILT | 1971 |
| SQUARE FOOTAGE | 2,287 |
| BEDROOMS | 6 |
| BATHROOMS | 3.00 |
| BASEMENT | Finished, Full |
| AMENITIES | |
| APPLIANCES | |
| COOLING | Central Air |
| FIREPLACE | N/A |
| FLOORING | |
| HEATING | |
| LAUNDRY | |
| LOT FEATURES | |
| PARKING | |
| RESTRICTIONS | |
| ROOF | |
| TITLE | |
| BROKER | Stonehaus Realty (Kelowna) |
| ROOMS | DIMENSIONS (m) | LEVEL |
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