654 Cook Road Unit# 308
Lower Mission, Kelowna · MLS® 10398086
2 bed · 1 bath · 751 sq ft · 1 parking
Condo · Single Family · built 2007 · 50 days on market
Listed by Art Bidlevskii, The Agency Kelowna
Realtor's description
Welcome to your slice of the Okanagan lifestyle. This bright and spacious 2-bedroom, 1-bathroom west-facing unit at the sought-after Playa del Sol complex offers the perfect blend of vacation-ready living and savvy investment opportunity — with short-term rentals permitted. Bathed in afternoon sun and framing stunning westward views, the unit comfortably sleeps 6, making it an exceptional income-producing property in one of Kelowna's most desirable neighbourhoods. Whether you're looking to generate revenue through platforms like Airbnb or VRBO, or simply enjoy the best of Okanagan living yourself, this unit checks every box. Resort-style amenities include a sparkling outdoor pool, hot tub, and fully equipped fitness centre — the kind of features that keep guests booking and owners proud. A dedicated parking stall is included for added convenience. Situated in the heart of the Lower Mission, you're just steps from the sandy shores of Okanagan Lake, waterfront parks, the beach boardwalk, and some of Kelowna's best restaurants and cafes. This is a location that sells itself — and a property that performs.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 751 sq ft
- Parking
- 1
- Year built
- 2007
- Property tax
- $2,026 / yr
- Strata fee
- $646 / mo ($0.86 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 50
- MLS®
- 10398086
Features
- Pets Allowed
- Recreational Facilities
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,098/mo
- After all costs
- −$945/mo
- Cap rate
- 2.8%
- yearly net rent ÷ price
Costs: mortgage $2,026 · tax $169 · strata $646 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Kelowna (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
Schools
Catchment schools, Central Okanagan School District 23
- Elementary Casorso Elementaryhomes in this catchment
800 m away · 3675 Casorso Rd, Kelowna · 250-870-5135
- Middle Klo Middlehomes in this catchment
1.7 km away · 3130 Gordon Dr, Kelowna · 250-870-5106
- Secondary Kelowna Secondaryhomes in this catchment
2.1 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.
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