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Investment signal

$699,000

2436 Apollo Road

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Beds

Baths

Sqft

—

Year

1968

Type

Single Family

Suite

Suite potential

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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

MASSIVE PRICE REDUCTION – PRIME REDEVELOPMENT POTENTIAL. Positioned in the heart of West Kelowna Centre, this freehold property is a high-yield holding investment with extraordinary upside. With the newly adopted OCP supporting significantly higher density—including potential building heights up to 12 storeys along the Brown Road corridor—this is a strategic site for multi-family development. The existing home is perfect for immediate rental income, featuring a 2-bedroom in-law suite with a separate entrance. A massive, wired shop with a workbench adds additional value for tenants or owners. Steps from transit, shopping, and medical offices, this is a rare chance to secure a footprint in the city’s primary growth hub. Must be sold! (id:65958)

Subtype: Single Family
Architectural style: Other
Structure: House
Community: Westbank Centre
Common interest: Freehold
Living area: 1,926 square feet
Lot size: 0.18 acres
Lot dimensions: 0.18
Stories: 1
On market: Nov 26, 2025
Status changed: Apr 13, 2026
Annual tax: $3,191.84
Photos: 43
MLS#: 10369979
Area: WEST_KELOWNA

Features and systems

Parking

Surfaced

Heating

Baseboard heaters

Cooling

Central air conditioning

Negative cash flow ~$783/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.72%

Cap rate

3.52%

GRM

16.6

Break-even rent

$4,324

Financing

Down payment$139,800

Loan amount$559,200

Mortgage$2,833/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$320

Insurance$80

Maintenance$583

CapEx reserve$291

Vacancy loss$175

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 $2,833/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 13, 2026.