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Investment signal

$1,745,000

410 Milton Road

Save this home

Beds

3

Baths

1

Sqft

Year

1968

Type

Single Family

Suite

Investment signal

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 development opportunity has 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
1,811 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
$3,914
Photos
2
MLS#
10384789
Area
KELOWNA

Features and systems

Heating

See remarks
Negative cash flow ~$1,846/mo at these assumptions

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.

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