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Investment signal

$624,877

485 Groves Avenue Unit# 1204

Save this home

Beds

1

Baths

1

Sqft

Year

2017

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

Here's your chance at one of SOPA Square's most rare offerings: a south-west 1-bed, 1-bath condo with a good sized balcony. Being on the 12th floor, this gem gives you stunning, unobstructed views of the glistening Okanagan Lake and the majestic mountains beyond.   Located in the heart of Pandosy Village, Sopa Square puts you steps away from Kelowna's best beaches and gives you access to multiple restaurants, coffee shops, boutiques, the Paddle Club, and protected cycling paths just outside your door. And unlike the condo buildings in the Downtown core, Sopa Square has 3 grocery stores nearby. Compared to many new builds, this 676 sq.ft. cond is actually large enough to comfortably live in, especially with the implementation of clever storage solutions and suitable furniture choices. It also comes with two parking stalls, which is a rarity these days. Common amenities include an outdoor pool, a hot tub, and a well appointed gym. Whether you are looking for a full-time residence, a lock-and-leave lifestyle, or a premium investment opportunity in one of Kelowna's most sought after neighbourhoods, this one deserves a closer look. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Kelowna South
Common interest
Condo/Strata
Living area
676 square feet
Parking
2 total
Condo/HOA fee
$344.7 monthly
Stories
1
On market
Mar 13, 2026
Status changed
Apr 22, 2026
Annual tax
$2,611.05
Photos
48
MLS#
10379204
Area
KELOWNA

Features and systems

Parking

UndergroundStall

Heating

Forced airSee remarks

Cooling

Central air conditioning

Pool

Inground poolOutdoor pool
Negative cash flow ~$712/mo at these assumptions

Cash on cash

-6.83%

Cap rate

3.50%

GRM

16.7

Break-even rent

$3,874

Financing

Down payment$124,975
Loan amount$499,902
Mortgage$2,533/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$286
Insurance$80
Maintenance$521
CapEx reserve$260
Vacancy loss$156

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 $2,533/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.

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