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Investment signal

$795,000

505 Hollywood Road S

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Beds

Baths

Sqft

—

Year

1966

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

2 BEDROOM MAIN FLOOR HOME + 2 BEDROOM BASEMENT SUITE- THE ULTIMATE REVENUE PROPERTY. Centrally located in a family-friendly neighborhood, this property has been thoughtfully updated to provide two distinct, high-quality living spaces. The main level radiates a fresh and spacious ambiance, thanks to an ideal open concept layout and great living spaces. The heart of the home is the stunning kitchen, featuring crisp white cabinetry, elegant quartz countertops, an expansive island and stainless steel appliances—an ideal setup for both daily life and sophisticated entertaining. The primary floor offers two bright bedrooms and its own dedicated laundry room. Transition effortlessly from the indoor living space to your private outdoor oasis, featuring a charming front porch and an oversize rear deck shaded by a stylish pergola. Downstairs, the value continues with a large, fully independent 2-bedroom suite. This space boasts a separate entrance, an open-concept living area, and its own private laundry. The exterior of the property is equally impressive. The large, flat backyard is a blank canvas, perfectly suited for a future pool or detached shop. Practicality is a priority here, with ample dedicated parking along the side of the house for your boat or your RV. Situated just minutes from schools, shopping and public transit, this home is a rare find and a great value. Whether you are looking for a mortgage helper or a dual-income investment, this property delivers on every front. (id:65958)

Subtype: Single Family
Architectural style: Ranch
Structure: House
Community: Rutland South
Common interest: Freehold
Living area: 2,038 square feet
Lot size: 0.17 acres
Lot dimensions: 0.17
Parking: 1 total
Stories: 1
On market: Apr 27, 2026
Status changed: Apr 27, 2026
Annual tax: $4,448.04
Photos: 55
MLS#: 10384953
Area: KELOWNA

Features and systems

Parking

Attached GarageRVAdditional Parking

Basement

Full

Appliances

WasherRefrigeratorRange - ElectricDishwasherDryer

Heating

Baseboard heatersForced airElectric

Cooling

Central air conditioning

Exterior

Other

Roof

Asphalt shingleUnknown

Lot

Level lot

Utilities

Natural Gas

Negative cash flow ~$884/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

-6.67%

Cap rate

3.53%

GRM

16.7

Break-even rent

$4,906

Financing

Down payment$159,000

Loan amount$636,000

Mortgage$3,223/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$364

Insurance$80

Maintenance$663

CapEx reserve$331

Vacancy loss$199

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 $3,223/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.