2 BDRM LEGAL SUITE— MF1-ZONED is an ideal investment property or mortgage helper. In the best Glenmore location, this home has 3 bedrooms 2 bath on the main level and 2 bedrooms 1 bath in the legal suite below. The suite has its own private entrance, and each level is serviced by separate hot water tanks and separate electric meters. Laundry is currently shared; however, a rough-in for a stacking washer and dryer is available off the main entrance should separate laundry be desired. Additional features include fresh interior paint, vinyl windows, laminate and tile flooring, a large crawl space beneath the stairs. Situated on a generous 0.18-acre FENCED LOT for pets, the property offers single carports on both sides, providing ample parking for multiple occupants. Included are 7 appliances: 2 refrigerators, 2 stoves, dishwasher, washer, and dryer. Whether you're looking to expand your rental portfolio, generate supplementary income, or secure a property with future upside, this home checks all the boxes—prime location, zoning, strong revenue potential, and exceptional value. With Kelowna opting out of the provincial principal-residence requirement for short-term rentals effective June 1, 2026, this property may offer exciting short-term rental opportunities as both levels may be rented as a BnB! Immediate possession possible and ready to choose and qualify your own tenants!
Property details
5
Beds
3 full
Baths
1,982 ft²
Floor area
1991
Year built
2
Storeys
4
Parking
$3,878/yr
Gross tax
Location & structure
Single Family
Type
Glenmore
Area
Listed
July 9, 2026
Structure
House
Frontage
56 feet
PID
003-326-683
Features & inclusions
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Heating
Baseboard heaters, Electric
Flooring
Tile, Laminate
Roof
Asphalt shingle, Unknown
Parking
Additional Parking
Community
Family Oriented
Additional details
Common interest
Freehold
Listed by One Percent Realty Ltd.. Last updated Jul 9, 2026, 10:35 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $163,000 down (20%) on $815,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 719 listings
Condo / Apartment
317
44.1%
Detached
242
33.7%
Townhouse
116
16.1%
Duplex
15
2.1%
Other
14
1.9%
Other
15
2.1%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Kelowna · 420 dwellings
Low-rise apartment225 · 53.6%
Single-detached95 · 22.6%
Row house35 · 8.3%
Apartment in duplex35 · 8.3%
Semi-detached30 · 7.1%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59350042· Kelowna· 0.38 km²
Median rent here
$1,720
Owner shelter cost
$1,700
Renters
41.2%
30%+ on shelter
32.9%
Population (2021)
892
Median age
32.4
Avg household size
2.2
Avg household income
$103,200
Renters
41.2%
Owners
58.8%
Immigrants
6.1%
Post-secondary
61.3%
Avg home value
$675,000
Single status
41.9%
Not in labour force
18.4%
Households with kids
19.3%
Median rent
$1,720
Owner shelter cost
$1,700
30%+ on shelter
32.9%
Breakdown
$15,000 to $19,999
10
2.5%
$20,000 to $24,999
10
2.5%
$25,000 to $29,999
10
2.5%
$30,000 to $34,999
15
3.8%
$35,000 to $39,999
10
2.5%
$40,000 to $44,999
15
3.8%
$45,000 to $49,999
20
5.1%
$50,000 to $59,999
30
7.6%
$60,000 to $69,999
35
8.9%
$70,000 to $79,999
25
6.3%
$80,000 to $89,999
45
11.4%
$90,000 to $99,999
20
5.1%
$100,000 to $124,999
55
13.9%
$125,000 to $149,999
35
8.9%
$150,000 to $199,999
35
8.9%
$200,000 and over
25
6.3%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59350042).
Market story
Rent in Kelowna
Census 2021 avg $1,720/mo here · Vancouver 4BR rent (est) trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
