- Active
400 Monterey Road
Kelowna · Single Family
- Beds
- 3
- Baths
About this home
Unbeatable value, immediate cash flow potential, and exceptional upside await in this versatile property situated on a massive .21-acre lot. Perfect for first-time home buyers looking for a mortgage helper or savvy investors seeking an asset with development potential, this home features an attractive price point and a prime location close to schools and transit. The main level offers comfortable living, complemented by a recent refresh featuring brand-new flooring, light fixtures, and fresh paint throughout the separate 1-bedroom in-law suite, ideal for generating strong rental revenue. Outside, the sprawling flat yard provides plenty of room for outdoor living and ample space to store all of your toys! Backed by MF1 zoning for future development opportunities, properties with this much flexibility and land are a rare find at such an affordable pricepoint. Book your showing today!
Home facts
- Bedrooms
- 3
- Bathrooms
- 2 full
- Interior
- 1,959 sq ft
- Year built
- 1974
- Storeys
- 2
- Property type
- Single Family
- Basement
- Full
- Carport
- Yes
- Area
- Rutland South
- Listed
- October 20, 2026
- Structure
- House
- PID
- 007-549-822
- Common interest
- Freehold
Features and inclusions
- Heating
- Forced air, See remarks
- Parking
- Carport
Rooms and building
- Sewer
- Septic tank
- Water
- Municipal water
Listed by Oakwyn Realty Okanagan. Last updated Nov 10, 2026, 3:20 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.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $3,199
- Property tax
- $200/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,549
Purchase snapshot
- List price
- $674,900
- Down payment
- $134,980 (20%)
- Estimated mortgage
- $539,920
Estimates only. They leave out utilities, upkeep and closing costs.
Neighbourhood
Walk to Save-On-Foods22 min
Bike to Orchard Park Exchange16 min
Walk to Orchard Park Exchange55 min
Drive to downtown Vancouver11h 3m
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 43%
Homes for sale nearby, by type
Detached103 for sale
Condo / Apartment74 for sale
Townhouse37 for sale
Land14 for sale
Duplex5 for sale
Other4 for sale
Active listings within 3 km of this home.
Homes built in Kelowna, by type
Single-detached39.3% · 120
Apartment in duplex32.8% · 100
Semi-detached18.0% · 55
Low-rise apartment9.8% · 30
Source: Statistics Canada, 2021 Census of Population. 305 dwellings.
Who lives here
Statistics Canada area 59350109 · Kelowna
- Median age
- 35
- Renter households
- 32%
- Average household size
- 2.8
- Median household income
- $92,000
- Population (2021)
- 840
- Median rent
- $1,500
- Owner shelter cost
- $1,640
- 30%+ of income on shelter
- 25%
- Owner households
- 67%
- Households with kids
- 34%
- Immigrants
- 19%
- Post-secondary
- 53%
- Average home value (2021)
- $660,000
Breakdown
Under $5,0001.7% · 5
$15,000 to $19,9991.7% · 5
$20,000 to $24,9991.7% · 5
$25,000 to $29,9995.0% · 15
$30,000 to $34,9991.7% · 5
$35,000 to $39,9991.7% · 5
$40,000 to $44,9993.3% · 10
$45,000 to $49,9993.3% · 10
$50,000 to $59,9998.3% · 25
$60,000 to $69,9996.7% · 20
$70,000 to $79,9998.3% · 25
$80,000 to $89,9995.0% · 15
$90,000 to $99,9996.7% · 20
$100,000 to $124,99915.0% · 45
$125,000 to $149,99910.0% · 30
$150,000 to $199,99915.0% · 45
$200,000 and over5.0% · 15
Source: Statistics Canada, 2021 Census Profile, dissemination area 59350109.
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
