$850,000
1185 Graham Road
Beds
5
Baths
3
Sqft
—
Year
1980
Type
Single Family
Suite
Suite potential
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
Huge flat corner lot with MF1 zoning—this is where opportunity meets serious long-term upside. Whether you’re thinking future multi-family potential, holding for land value, or maximizing the property over time, this zoning offers flexibility that’s getting harder to find. The home features a functional layout with 3 large bedrooms up, including a spacious primary with a 3-piece ensuite, along with a bright, open-concept main living area and updated kitchen. Downstairs already includes a self-contained suite with 2 more bedrooms with separate entrance—ideal for rental income or extended family. The home does require some work and updating, but for the right buyer, this is a chance to build serious equity and transform it into something special. The lot is a standout—flat, fully usable, with access from all sides, tons of parking, space for RVs and all the toys, plus a detached shop. A large sunroom adds extra flexible living space. Centrally located near Mission Creek, Orchard Park Mall, Costco, schools, parks, and restaurants. Big lot, income potential, and future development upside—this is a value-packed opportunity with room to grow. Quick possession available! (id:65958)
- Subtype
- Single Family
- Architectural style
- Other
- Structure
- House
- Community
- Rutland South
- Common interest
- Freehold
- Living area
- 2,900 square feet
- Lot size
- 0.24 acres
- Lot dimensions
- 0.24
- Parking
- 8 total
- Stories
- 2
- On market
- Apr 8, 2026
- Status changed
- Apr 27, 2026
- Annual tax
- $5,011
- Photos
- 55
- MLS#
- 10382294
- Area
- KELOWNA
Features and systems
Parking
Heating
Cooling
View
Cash on cash
-6.64%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,240
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 27, 2026.