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Investment signal

$925,000

4693 Raymer Road

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Beds

Baths

Sqft

—

Year

1961

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 Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Large lot, solid home, and exceptional upside — this is an opportunity you don’t want to miss. Located in a desirable, established neighbourhood, this property offers strong potential for renovation and future value. The home’s layout provides a great foundation for a potential upper and lower suite configuration (buyer to verify), creating an appealing option for those looking to add rental income. Features include 200 amp service, abundant storage, a cold room/root cellar, and ample parking with room for an RV. While the home is in original condition and ready for updates, it offers solid construction and a functional layout to work with. The expansive lot further enhances the long-term potential and flexibility of the property. Land size is 0.297 ACRES. Ideal for investors, renovators, or buyers looking to build equity in a great location. (id:65958)

Subtype: Single Family
Structure: House
Community: Lower Mission
Common interest: Freehold
Living area: 2,763 square feet
Lot size: 0.3 acres
Lot dimensions: 0.3
Parking: 3 total
Stories: 2
On market: Apr 17, 2026
Status changed: Apr 22, 2026
Annual tax: $4,396.67
Photos: 52
MLS#: 10383687
Area: KELOWNA

Features and systems

Parking

CarportRV

Heating

Baseboard heatersForced airSee remarks

Exterior

WoodStucco

Roof

Asphalt shingleUnknown

Negative cash flow ~$1,016/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

-6.59%

Cap rate

3.55%

GRM

16.7

Break-even rent

$5,694

Financing

Down payment$185,000

Loan amount$740,000

Mortgage$3,749/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$424

Insurance$80

Maintenance$771

CapEx reserve$385

Vacancy loss$231

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 $3,749/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 22, 2026.