408 Royal Avenue

Kelowna South, Kelowna · MLS® 10376446

0 sq ft lot

House · Multi-family · built 1956 · 231 days on market

Listed by Mark Boppre, Century 21 Assurance Realty Ltd

Realtor's description

COMPETIVELY PRICED! With only steps to the beach and the trendy Pandosy Village, this rare development site is strategically located directly across from the Kelowna General Hospital making it an impressive income producing or holding property opportunity. It offers an unparalleled opportunity for up to 16 to 20 high demand residential units, mixed commercial or medical/hospital related uses. The .2 acre corner lot is situated within the 400m TOA allowing for more buildable sqft and no parking required for residential developments. Current 5 bedroom/3 bathroom 2,300 sqft home. Be a part of the growing Kelowna Health District!

Property details

Type: House, Multi-family
Lot: 0 sq ft
Parking: 0
Year built: 1956
Property tax: $5,062 / yr
Days on market: 231
MLS®: 10376446

Price check

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 231 days

The market here

Listed now: 72 days; median for 936 houses for sale; this one 231 days

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

Monthly cost

$7,284/mo

Mortgage $6,862 · Tax $422

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

estimated payment

$6,862/ monthly

loan $1,260,000

25-year amortization

down payment20% · $315,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $798,637
property transfer tax: $29,500; BC general rate
cash to close: $344,500; down + PTT
total paid: $2,058,637

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

Lot outline: 823 m² (8,859 sq ft) · PID 010-859-276. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Kelowna South, KelownaGoogle Maps ↗

Location

Kelowna South, KelownaGoogle Maps ↗

Schools

Catchment schools, Central Okanagan School District 23

Elementary A.S. Matheson Elementaryhomes in this catchment
1.2 km away · 2090 Gordon Dr, Kelowna · 250-870-5112
Middle Klo Middlehomes in this catchment
2.0 km away · 3130 Gordon Dr, Kelowna · 250-870-5106
Secondary Kelowna Secondaryhomes in this catchment
1.6 km away · 1079 Raymer Ave, Kelowna · 250-870-5105

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.

Good to know

Heritage
This address is inside the Abbott Street Conservation Area heritage conservation area (Kelowna). Exterior changes can need a heritage permit, and some heritage homes qualify for grants or incentives; the municipality can confirm.
Source: BC Heritage Branch, historic places and conservation areas
Wildfire
The BC Wildfire Service rates Kelowna's wildland urban interface as risk class 1 of 5 (the highest class). One wildfire of 10 hectares or more burned within 5 km since 2006: 2023 (14k ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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