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Investment signal

$1,299,000

2253 Wilkinson Street

Save this home

Beds

5

Baths

5 full + 1 half

Sqft

Year

2010

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

Absolutely amazing location with incredible flexibility and income potential. 4000 of sq/ft total living space. Built in 2010, this 3200 sq/ft home features a spacious five-bedroom plus den, four-bathroom main home that includes a fully self-contained and soundproofed two-bedroom, two-bathroom ""inlaw-suite. In addition, there is a detached 900 sq. ft. ABSOLUTE DREAM SHOP/double plus car garage with its own fridge, full bathroom, overhead “Schwenk” gas heating system, hoist and a 650 sq/ft, one-bedroom fully self-contained suite above. All living spaces have their own laundry, making this an ideal setup for multi-generational living or rental income. Between the home and the outbuilding there is plenty of parking/RV parking and outdoor play space. Both the main living area and the carriage house feature covered outdoor areas with gas BBQ hookups, along with several breezeway spaces that provide excellent additional storage. The main portion of the home is currently rented for $2,800 per month, the carriage house rents for $1,700 per month, and the seller currently occupies the two-bedroom suite. Interior highlights include a five-piece ensuite with dual sinks, tile and hardwood flooring, built-in vacuum with attachments, granite countertops, gas stove, soaring ceilings, and a spacious laundry room with sink and cabinetry. Be quick to view this amazing opportunity. This is a unique and well-built property in a fantastic location just minutes to downtown and close to amenities. (id:65958)

Subtype
Single Family
Structure
House
Community
Springfield/Spall
Common interest
Freehold
Living area
3,236 square feet
Lot size
0.14 acres
Lot dimensions
0.14
Parking
6 total
Stories
3
On market
Mar 17, 2026
Status changed
Apr 27, 2026
Annual tax
$5,975
Photos
93
MLS#
10378196
Area
KELOWNA

Features and systems

Parking

Detached Garage

Basement

Full

Heating

Forced air

Cooling

Central air conditioning

Roof

Asphalt shingleUnknown
Negative cash flow ~$1,390/mo at these assumptions

Cash on cash

-6.42%

Cap rate

3.58%

GRM

16.7

Break-even rent

$7,963

Financing

Down payment$259,800
Loan amount$1,039,200
Mortgage$5,265/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$595
Insurance$80
Maintenance$1,083
CapEx reserve$541
Vacancy loss$325

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

Estimated $5,265/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

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.

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