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Investment signal

$1,745,000

400 Milton Road

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Beds

Baths

Sqft

—

Year

1971

Type

Single Family

Suite

Investment signal

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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

An exceptional development opportunity in the heart of Rutland! 400 & 410 Milton Road offer two side-by-side corner lots totaling approximately 18,294SF, ideally positioned adjacent to an elementary school. This redevelopment opportunity presents strong potential for a multi-family project, with a conceptual layout supporting up to 13 townhomes. Located in a highly desirable and walkable neighbourhood, the properties are within close proximity to schools, parks, shopping, and key employment hubs making it an attractive location for future residents. The City of Kelowna has indicated support for MF2 rezoning, all details and development potential are to be verified by the buyer through their own due diligence. A prime opportunity for builders and investors to secure a well located site with excellent redevelopment potential in a growing community. Renderings are conceptual and for illustrative purposes only. (id:65958)

Subtype: Single Family
Structure: House
Community: Rutland South
Common interest: Freehold
Living area: 2,045 square feet
Lot size: 0.21 acres
Lot dimensions: 0.21
Stories: 2
On market: Apr 27, 2026
Status changed: Apr 27, 2026
Annual tax: $3,696.83
Photos: 2
MLS#: 10384734
Area: KELOWNA

Features and systems

Parking

Other

Heating

See remarks

Cooling

Central air conditioning

Negative cash flow ~$1,846/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

-6.35%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,668

Financing

Down payment$349,000

Loan amount$1,396,000

Mortgage$7,073/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$800

Insurance$80

Maintenance$1,454

CapEx reserve$727

Vacancy loss$436

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 $7,073/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.