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Investment signal

$859,000

645 Mark Road

Beds

5

Baths

3

Sqft

Year

1974

About this home

Spacious five bedroom, three bathroom home on a massive corner lot in a quiet Kelowna neighborhood. Features a bright two bedroom in-law suite with separate entrance—ideal for extended family or rental income. The large yard is a gardener’s dream with plenty of room to grow, relax, or entertain. Ample parking with space for your RV, boat, and all the toys. Great location close to schools, parks, and amenities. A rare find offering flexibility, space, and potential. Ideally located close to shopping, schools, hiking trails, and transportation. Extensive Decking and huge patio area allows you to chase the sun all day, or relax in the covered gazebo or hot tub! The home has been lovingly maintained and updated with quality finishing throughout! (id:65958)

Subtype
Single Family
Lot size
0.21 acres
MLS#
10372691
Area
KELOWNA
Negative cash flow ~$1,678/mo at these assumptions

Cash on cash

-11.72%

Cap rate

3.54%

GRM

16.6

Break-even rent

$6,067

Financing

Down payment$171,800
Loan amount$687,200
Mortgage$4,216/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$394
Insurance$80
Maintenance$716
CapEx reserve$358
Vacancy loss$215

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $4,216/mo at 5.49% with 20% down, 25-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.

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