Opportunity awaits with this 4-bedroom home priced nearly $130,000 below assessed value. With solid bones and plenty of space, it's ready for someone to bring their vision and make it their own. The layout includes a 1 (possibly 2) bedroom in-law suite with a separate entrance and separate laundry area, offering flexibility for extended family or rental income. Outside, you'll find a level 0.25-acre lot with excellent access and parking. A 12' side gate provides easy access to the backyard, while the 80' x 15' parking area accommodates large RVs, boats, trailers, or additional vehicles. A single carport with driveway parking is complemented by parking for 4+ more vehicles. The 640 sq. ft. detached workshop features multiple work spaces and plenty of windows, making it ideal for hobbies, storage, or a workspace. Additional features include a gas furnace, gas hot water tank, two wood-burning fireplaces, and a 300 sq. ft. covered deck. A property with great potential in a practical layout, ready for its next chapter. As it sits currently this is a 4 bedroom, 1 bathroom home. The upper kitchen has been mostly deconstructed, the flooring throughout has mostly been removed. There are 2 bathrooms which have been deconstructed. We are looking at a home with good bones and lots of potential and priced to reflect the work required. This is a good opportunity for someone who is prepared to put in some elbow grease.
Property details
4
Beds
2 full + 1 half
Baths
1,910 ft²
Floor area
1974
Year built
2
Storeys
5
Parking
$4,073/yr
Gross tax
Location & structure
Single Family
Type
Yes
Carport
2
Fireplaces
Rutland South
Area
Listed
June 26, 2026
Structure
House
PID
005-975-069
Property highlights
Private yard
Features & inclusions
Heating
Forced air, See remarks
Parking
Carport, RV, Additional Parking
Additional details
Common interest
Freehold
Listed by Coldwell Banker Executives Realty. Last updated Jun 30, 2026, 11:20 AM.
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 $124,980 down (20%) on $624,900, 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.
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
Inventory mix
What this area trades in
Within 3 km of this listing · 292 listings
Detached
131
44.9%
Condo / Apartment
84
28.8%
Townhouse
46
15.8%
Land
13
4.5%
Duplex
8
2.7%
Other
10
3.4%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Kelowna · 200 dwellings
Single-detached105 · 52.5%
Apartment in duplex55 · 27.5%
Semi-detached30 · 15.0%
Low-rise apartment10 · 5.0%
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 #59350110· Kelowna· 0.23 km²
Median rent here
$1,240
Owner shelter cost
$1,600
Renters
38.5%
30%+ on shelter
30.0%
Population (2021)
617
Median age
36.0
Avg household size
3.0
Avg household income
$84,000
Renters
38.5%
Owners
64.1%
Immigrants
8.8%
Post-secondary
36.1%
Avg home value
$650,000
Single status
34.7%
Not in labour force
31.3%
Households with kids
41.5%
Median rent
$1,240
Owner shelter cost
$1,600
30%+ on shelter
30.0%
Breakdown
$25,000 to $29,999
5
2.4%
$30,000 to $34,999
5
2.4%
$35,000 to $39,999
5
2.4%
$40,000 to $44,999
5
2.4%
$45,000 to $49,999
5
2.4%
$50,000 to $59,999
25
12.2%
$60,000 to $69,999
15
7.3%
$70,000 to $79,999
15
7.3%
$80,000 to $89,999
15
7.3%
$90,000 to $99,999
15
7.3%
$100,000 to $124,999
25
12.2%
$125,000 to $149,999
35
17.1%
$150,000 to $199,999
25
12.2%
$200,000 and over
10
4.9%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59350110).
Market story
Rent in Kelowna
Census 2021 avg $1,240/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
