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698 Balsam Road
Kelowna British Columbia V1W1B9 Canada

$1,199,999

Active Listing ID 10372637
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6 bed
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2,287 square feet
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3.00 Bath
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Single Family

$1,199,999

Active Listing ID 10372637
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698 Balsam Road 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:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: Central air conditioning
  • Heating Systems: Forced air, Electric, See remarks
  • Additional Features
  • Basement
Listing Changed: 1/21/2026 2:31:05 AM GMT
Source Updated Date: 2/5/2026 12:00:16 PM GMT

Courtesy of: Jewan Brar, Personal Real Estate Corp, Stonehaus Realty (Kelowna)