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$1,275,000

255 Leathead Road

Rutland North, Kelowna · MLS® 10393429

4 bed · 2 bath · 2,227 sq ft · 0 sq ft lot

House · Single Family · built 1962 · 96 days on market

Listed by Mathieu Bedard, eXp Realty (Kelowna)

Realtor's description

Presenting a development opportunity to acquire one, several, or all 4 strategically located properties in one of Kelowna's fastest-growing urban corridors. This offering provides exceptional flexibility for developers pursuing projects of varying scale with up to approximately 33,100 sq. ft, FAR up to 2.6 and 6 storey based height, the potential for a significant multifamily development is right here. Future residents will enjoy convenient access to UBC Okanagan, Kelowna International Airport, schools, parks, shopping, restaurants, and major transportation corridors, making this an ideal location for future residential development.

Property details

Type: House, Single Family
Bedrooms: 4
Bathrooms: 2
Living area: 2,227 sq ft
Lot: 0 sq ft
Parking: 0
Year built: 1962
Property tax: $3,714 / yr
Days on market: 96
MLS®: 10393429

Price check

Price per sq ft: $573 vs $413 median for houses in Rutland North for sale (90)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 96 days

The market here

Listed now: 71 days; median for 926 houses for sale; this one 96 days

Houses in Kelowna. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$5,865/mo

Mortgage $5,555 · Tax $310

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$5,555/ monthly

loan $1,020,000

25-year amortization

down payment20% · $255,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $646,516
property transfer tax: $23,500; BC general rate
cash to close: $278,500; down + PTT
total paid: $1,666,516

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

Location

Rutland North, KelownaGoogle Maps ↗

Location

Rutland North, KelownaGoogle Maps ↗

Schools

Catchment schools, Central Okanagan School District 23

Elementary Springvalley Elementaryhomes in this catchment
2.3 km away · 350 Ziprick Rd, Kelowna · 250-870-5111
Middle Rutland Middlehomes in this catchment
400 m away · 715 Rutland Rd N, Kelowna · 250-870-5109
Secondary Rutland Secondaryhomes in this catchment
400 m away · 715 Rutland Rd N, Kelowna · 250-870-5109

From the Central Okanagan School District 23's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

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