$1,249,900
740 & 746 Raymer Avenue
Beds
7
Baths
4 full + 1 half
Sqft
—
Year
1965
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Exceptional opportunity in Kelowna’s sought-after Lower Mission/Raymer neighbourhood! 746 & 740 Raymer Ave presents a rare full duplex with an additional suite, effectively creating three income-producing units on one property. One side offers a beautifully updated 3-bedroom home ideal for strong market rents or owner-occupancy, while the other side is complemented by an additional dwelling, delivering three, diversified revenue streams. Set on a generous lot in a prime, walkable location, you’re steps to top-rated schools, parks, and transit, and just minutes to the Lower Mission shopping district, Pandosy Village, and a wide selection of dining and everyday amenities. Enjoy the Okanagan lifestyle with nearby beaches, the H2O Adventure + Fitness Centre, and an extensive network of walking and biking trails. Adding significant upside, the property is zoned for up to six dwellings, offering outstanding redevelopment potential in one of Kelowna’s most in-demand areas. Whether you’re looking for immediate cash flow, a live-in investment, or a future development play, this property delivers unmatched flexibility, location, and long-term value. (id:65958)
- Subtype
- Single Family
- Architectural style
- Bungalow
- Structure
- Duplex
- Community
- Kelowna South
- Common interest
- Freehold
- Living area
- 3,197 square feet
- Parking
- 8 total
- Stories
- 1
- On market
- Apr 2, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $6,306.88
- Photos
- 81
- MLS#
- 10381957
- Area
- KELOWNA
Features and systems
Parking
Appliances
Heating
Cooling
Exterior
Flooring
Roof
Cash on cash
-6.45%
Cap rate
3.57%
GRM
16.7
Break-even rent
$7,665
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.