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Royal LePage
Royal LePage
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$825,000

3 Beds

2 Baths

1607 FEETSQ

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Kelowna BC, V1X 4B1

MLS® # 10368763

Property Information:

470 Gerstmar Road — Updated Home with Legal Suite & Development Potential This property offers the best of both worlds: a move-in ready 1,607 sq.ft. home with income potential and future development value. The main level features a 2-bedroom, 1-bath layout with modern updates throughout, while the legal 1-bedroom, 1-bath suite below provides excellent mortgage help or rental income. The home has been tastefully updated inside and out, including fresh exterior paint, renovated living spaces, and newer suite finishes. Major systems have been upgraded as well with A/C (2022), Furnace (2019), and Roof (2020). Set on a 0.28-acre lot zoned MF1. The City of Kelowna has expressed support for a 6-unit townhome development, with preliminary designs prepared by Lime Architecture, who know the site well and can help fast-track approvals. The concept envisions six modern townhomes of roughly 1,980 sq.ft. each, designed with 3 bedrooms, double-car garages, and private yards, the ideal product for families and first-time buyers in today’s market. Located in the heart of Rutland, close to schools, parks, shopping, and public transit, and just 10–15 minutes from Downtown Kelowna, UBCO, and Okanagan College, this property checks every box. Whether you’re looking to build and sell, rent and hold, or simply enjoy a turnkey home with strong upside. Call today for more details or to schedule a viewing. (id:27)

Building Features:

  • Style: Detached
  • Building Type: House
  • Basement Type: Full
  • Construction Style - Attachment: Detached
  • Exterior Finish: Brick, Stucco
  • Floor Space: 1607 sqft
  • Flooring Type: Laminate
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Forced air
  • Heating Fuel: Electric
  • Cooling Type: Central air conditioning
  • Appliances: Range, Refrigerator, Dishwasher, Dryer, Oven, Washer

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Bedrooms: 3
  • Bathrooms: 2
  • Access Type: Easy access
  • Amenities Nearby: Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski area
  • Built in: 1970
  • Community Features: Family Oriented
  • Features: Level lot
  • Fence Type: Fence
  • Floor Space (approx): 1607 Square Feet
  • Landscape Features: Landscaped
  • Lot Frontage: 65.0 Feet
  • Utility Type: Cable - Available, Natural Gas - Available, Water - Available, Hydro - Available, Telephone - Available, Sewer - Available
  • View Type: Mountain view, View (panoramic)
  • Sewer: Municipal sewage system
  • Parking Type: Carport
  • No. of Parking Spaces: 6

Rooms:

  • Utility Basement Level 3'6'' x 4'0''
  • Laundry Basement Level 10'7'' x 7'0''
  • Foyer Main Level 4'11'' x 5'6''
  • Bedroom Main Level 10'11'' x 9'0''
  • Bathroom Main Level 7'5'' x 4'10''
  • Primary Bedroom Main Level 10'11'' x 10'6''
  • Dining Main Level 7'3'' x 10'8''
  • Living Main Level 19'8'' x 14'10''
  • Other Main Level 5'11'' x 4'10''
  • Kitchen Main Level 8'7'' x 13'3''
  • Bedroom 12'3'' x 9'3''
  • Living 17'2'' x 11'8''
  • Other 10'6'' x 5'0''
  • Bathroom 7'5'' x 5'0''
  • Other 3'5'' x 10'0''
  • Other 2'11'' x 6'1''
  • Dining 6'0'' x 8'10''
  • Kitchen 8'5'' x 8'11''

Courtesy of: Vantage West Realty Inc.

REALTOR.ca  

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Location of 470 Gerstmar Road, Kelowna, British Columbia, V1X 4B1

Demographic Information of 470 Gerstmar Road, Kelowna, British Columbia, V1X 4B1

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$94,088.09

Average Number of Children

1.58

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.98 %

High school certificate or equivalent

32.23 %

Apprenticeship trade certificate/diploma

11.72 %

College/non-university certificate

26.4 %

University Degree

15.68 %

Commuter

Travel To Work

By Car

81.13 %

By Public Transit

9.41 %

By Walking

3.85 %

By Bicycle

2.06 %

By Other Methods

3.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

31.17 %

Houses

68.83 %

Own Vs. Rent

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