$2,040,000
1587 Malbec Place Lot# 81
Beds
5
Baths
6 full + 1 half
Sqft
—
Year
2024
Type
Single Family
Suite
Legal suite
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
Built by award-winning Palermo Homes, this brand-new custom residence sits proudly on a spacious corner lot, offering over 4,400 sq. ft. With 5 bedrooms (4 bedrooms on upper level) and 6 bathrooms, a fully independent legal suite, and a 3 car garage, this home is tailored for today’s modern family. A warm entryway opens to a versatile layout featuring flex spaces ideal for an office, den, formal dining, or secondary living. At the heart of the home, the great room impresses with expansive open-concept living, a striking tiled fireplace, and seamless flow to the pool-sized backyard. The chef’s kitchen with abundant cabinetry, a walk-in pantry, waterfall quartz island, and premium gourmet appliances, while a stylish powder room and mudroom with built-in cabinetry complete the main level. Upstairs, a family/games room with its own patio and fireplace awaits. The primary suite is a private retreat with spa-inspired ensuite and walk-in closet, joined by three additional bedrooms—each with its own bathroom—plus a functional laundry room. The lower level features a 1-bedroom legal suite. Additional features: heated ensuite floors, designer lighting, EV-charger rough-in, and exterior architectural lighting. An oversized triple garage, generous driveway parking, and exceptional curb appeal further enhance this property. Live steps from world-class wine at Mission Hill, adventure at Mt. Boucherie Park, and quick access to Okanagan Lake. (id:65958)
- Subtype
- Single Family
- Architectural style
- Contemporary
- Structure
- House
- Community
- Lakeview Heights
- Common interest
- Freehold
- Living area
- 4,516 square feet
- Lot size
- 0.21 acres
- Lot dimensions
- 0.21
- Parking
- 7 total
- Stories
- 2
- Fireplace
- 2
- On market
- Oct 2, 2025
- Status changed
- Apr 22, 2026
- Annual tax
- $7,148.24
- Photos
- 67
- MLS#
- 10364640
- Area
- WEST_KELOWNA
Features and systems
Parking
Heating
Cooling
Exterior
Flooring
Roof
Lot
View
Security
Cash on cash
-0.58%
Cap rate
4.75%
GRM
13.9
Break-even rent
$12,457
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.