Kelowna · V1Y6P5
$6,781/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Fantastic Downtown Investment: Prime P2 Zoned Property, income potential! Positioned in an A+ central location within Kelowna’s flourishing business and tourism district, this strategic property. Currently undergoing an update to the lower suites, main-floor bathrooms, and main leveling floor. This is a great bonus for anyone taking advantage of this great property. This can deliver a return on investment as a currently licensed and operating 11-room, 40-bed hostel. The real value lies in its exceptional versatility: P2 Zoning: Highly flexible, permitting high-demand applications like supportive housing, health services, private clubs, and diverse business ventures. Significant growth opportunities, including potential for OPC multi-family residential development. Secure your future in Kelowna’s core—this is the definitive opportunity to capitalize on a property with both turnkey income and unparalleled development flexibility. Currently, a 4-story apartment complex is easy to build. GST is applicable.
4,000 ft²
Floor area
1950
Year built
Other
Type
Kelowna North
Area
Listed
October 2, 2025
$1,488,900 is 44.3% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
3 min
walk to Safeway
16 min
bike to Orchard Park Exchange
52 min
walk to Orchard Park Exchange
10h 48m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Condo / Apartment · 44%
| Condo / Apartment | 272 | 43.8% |
| Detached | 191 | 30.8% |
| Townhouse | 116 | 18.7% |
| Duplex | 15 | 2.4% |
| Other | 14 | 2.3% |
| Other | 13 | 2.1% |
| Under $5,000 | 5 | 1.3% |
| $10,000 to $14,999 | 5 | 1.3% |
| $15,000 to $19,999 | 10 | 2.5% |
| $20,000 to $24,999 | 15 | 3.8% |
| $25,000 to $29,999 | 15 | 3.8% |
| $30,000 to $34,999 | 10 | 2.5% |
| $35,000 to $39,999 | 15 | 3.8% |
| $40,000 to $44,999 | 10 | 2.5% |
| $45,000 to $49,999 | 10 | 2.5% |
| $50,000 to $59,999 | 40 | 10.0% |
| $60,000 to $69,999 | 25 | 6.3% |
| $70,000 to $79,999 | 35 | 8.8% |
| $80,000 to $89,999 | 30 | 7.5% |
| $90,000 to $99,999 | 30 | 7.5% |
| $100,000 to $124,999 | 55 | 13.8% |
| $125,000 to $149,999 | 30 | 7.5% |
| $150,000 to $199,999 | 40 | 10.0% |
| $200,000 and over | 20 | 5.0% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$6,781
Principal and interest
Calculated estimate
$6,239
Property tax
Calculated estimate
$392/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,348,800
Down payment
Calculated estimate
$269,760 (20%)
Estimated mortgage
Calculated estimate
$1,079,040
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$6,781
/mo
Rate
%
Amortization
Principal and interest
$6,239
Property tax (est.)
$392
P&I
Tax
Down payment
$269,760 (20%)
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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 $269,760 down (20%) on $1,348,800, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. 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.
At 4.4661 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Daily mean across the year.
On the drier side for BC.
Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
