$789,900
1088 Sunset Drive Unit# 331
Beds
3
Baths
2
Sqft
—
Year
2002
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Turnkey investment opportunity in Discovery Bay, ideally positioned to maximize rental appeal. This spacious 1,580 sq ft suite is on the highly desirable amenities level, offering direct access to the pool, hot tubs, fitness room, and clubhouse—features that attract both owners and renters seeking a resort-style experience. Designed for functionality and comfort, the open-concept living and kitchen area flows to two patios, while the well-separated bedroom layout enhances privacy for groups and families. The flexible 3-bedroom configuration supports strong occupancy potential. Over $30,000 has been invested in upgrades, including flooring and fully updated plumbing, creating a low-maintenance, rent-ready property. The generous in-suite laundry and storage space add further convenience. Located in Kelowna’s Cultural District, just steps from the waterfront, restaurants, cafes, and nightlife, this property offers the walkability and lifestyle consistently sought by visitors and seasonal residents. Short-term rental regulations in Kelowna are currently under review. Buyers should verify current and future permitted uses with the City of Kelowna and strata bylaws. Furnishings are negotiable, allowing for a seamless transition to rental use. Note: The third bedroom does not have a window or closet. (id:65958)
- Subtype
- Single Family
- Architectural style
- Other
- Structure
- Apartment
- Community
- Kelowna North
- Common interest
- Condo/Strata
- Living area
- 1,580 square feet
- Parking
- 1 total
- Condo/HOA fee
- $958.06 monthly
- Stories
- 1
- Fireplace
- 1
- On market
- Apr 2, 2026
- Status changed
- Apr 18, 2026
- Annual tax
- $2,900.24
- Photos
- 50
- MLS#
- 10381339
- Area
- KELOWNA
Features and systems
Parking
Appliances
Heating
Cooling
Exterior
Flooring
Roof
Lot
Community
View
Pool
Security
Fee includes
Cash on cash
-6.67%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,875
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.