$1,939,000
1583 Malbec Place
Beds
5
Baths
6 full + 1 half
Sqft
—
Year
2024
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for West Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Nestled in a a quiet cul-de-sac, this brand-new residence built by Palermo Homes combines privacy, luxury, and convenience in a 5 bedroom 6 bathroom 4100 sqft home. The welcoming entry opens to a private office and an elegant sitting room, setting the tone for the home’s sophisticated design. The expansive great room is bright and open, anchored by a tiled gas fireplace and direct access to a pool-sized backyard—ideal for entertaining or enjoying quiet. At the heart of the home, the gourmet kitchen impresses with custom cabinetry, waterfall quartz countertops, and high-end SS appliances. A full bedroom suite with a private entrance, walk-in closet, and ensuite bath is also located on this level, making it perfect for extended family or guests. The upper level provides a spacious family/games room with gas fireplace, and a covered patio with views of Okanagan Lake. The primary retreat is a true sanctuary, featuring a spa-inspired ensuite and a generous walk-in closet. Two additional bedrooms, each with their own ensuite, plus a convenient laundry room, complete the floor. Above the EV ready double garage, a fully self-contained 1-bedroom suite offers exceptional flexibility as a guest retreat or rental income opportunity. Located just minutes from West Kelowna’s wine trail, Mt. Boucherie Park, and top amenities, this residence delivers both a peaceful cul-de-sac lifestyle and easy access to everything the Okanagan has to offer. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Lakeview Heights
- Common interest
- Freehold
- Living area
- 4,099 square feet
- Lot size
- 0.16 acres
- Lot dimensions
- 0.16
- Parking
- 4 total
- Stories
- 2
- Fireplace
- 2
- On market
- Sep 29, 2025
- Status changed
- Apr 22, 2026
- Annual tax
- $7,848
- Photos
- 69
- MLS#
- 10364289
- Area
- WEST_KELOWNA
Features and systems
Parking
Heating
Cooling
Exterior
Flooring
Roof
Lot
Community
View
Security
Cash on cash
-6.30%
Cap rate
3.60%
GRM
16.7
Break-even rent
$11,844
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 22, 2026.