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Investment signal

$1,395,000

751 + 753 Martin Avenue N

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Beds

Baths

4 full + 1 half

Sqft

—

Year

1948

Type

Single Family

Suite

Investment signal

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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

A major investment opportunity in the heart of Kelowna!! A prime location house & carriage house with AMAZING income potential on a MF1 Zoning. This property offers a main house with 3 beds + 1 bath with a 2 bed 2 1/2 bath carriage house. Main house was fully renovated in 2009 and offers a fully open concept with a large kitchen boasting a large quartz island w/ eating bar and with tons of storage space, stainless appliances, cork flooring & tile, 3 ample sized bedrooms, a bath with dbl. sinks, main floor laundry with durable rubber flooring, and tons of storage in partial basement. Built in 2011, the carriage house also offers an open floor plan with 2 beds each offering a 4 piece ensuite bath, a large kitchen with island and tons of storage and stainless appliances, polished concrete flooring throughout, and 9’ ceilings. Exterior features include large patio space for front house and 2 patios included in the carriage house, a shed with storage for both units, and a large driveway off the rear lane. Both units include high efficiency heating/AC with on-demand HWT for front house. Property was developed to separate the exterior spaces for both house & carriage house for complete privacy. Close to all downtown amenities steps away from groceries and under 10 minute walk to the water front. (id:65958)

Subtype: Single Family
Architectural style: Other
Structure: House
Community: Kelowna North
Common interest: Freehold
Living area: 1,276 square feet
Lot size: 0.16 acres
Lot dimensions: 0.16
Parking: 3 total
Stories: 1
On market: Mar 2, 2026
Status changed: Apr 17, 2026
Annual tax: $5,456.56
Photos: 45
MLS#: 10376138
Area: KELOWNA

Features and systems

Parking

RearStreet

Basement

Partial

Appliances

WasherRefrigeratorRange - GasRange - ElectricDishwasherDryerMicrowaveSee remarks

Heating

Forced airSee remarks

Cooling

Central air conditioning

Exterior

Stucco

Flooring

ConcreteCork

Roof

Asphalt shingleTar & gravelOtherUnknown

Lot

Level lotCentral island

Community

Pets Allowed

Waterfront

Other

Security

Smoke Detector Only

Negative cash flow ~$1,491/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.41%

Cap rate

3.58%

GRM

16.7

Break-even rent

$8,545

Financing

Down payment$279,000

Loan amount$1,116,000

Mortgage$5,655/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$639

Insurance$80

Maintenance$1,163

CapEx reserve$581

Vacancy loss$349

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

Estimated $5,655/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.