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Legal suite

$1,224,000

647 Peridot Place

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Beds

Baths

4 full + 1 half

Sqft

—

Year

2007

Type

Single Family

Suite

Legal suite

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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

$1900/mth LEGAL suite rental income PLUS an excellent location on a quiet cul-de-sac in Upper Mission. This 2-storey with walkout 1 bdrm legal suite offers the perfect space & flexibility for families seeking 5 bdrms, 3.5 baths, over 3300sqft, a private pool-sized backyard with convenient access to the best Kelowna schools, Save-On-Foods, Starbucks, Shoppers & bank at Mission Village Mall. A well designed home that checks all the boxes & offers bright south facing sun on the main, 2 gas fireplaces & separated laundry between main household & the suite. Enjoy hosting overnight company in the 1 bdrm on main while you & the kids sleep comfortably from three bdrms & 3 walk-in closets all upstairs & an open flex space for toys. The master bdrm is spacious, with 5 piece ensuite & access to a great covered deck. There has only been 1 owner since this home was built in 2007 & upgrades include a legal 1-bdrm suite in 2021, suite laminate floors in 2023, repainted main household in 2023, new furnace in 2024, new hot water in 2023, LG Stainless stove-oven in suite in 2025, stainless fridge to main floor in 2024 & new gutter leaf guards added in 2023. The double garage adds everyday convenience & there’s tenant parking next to the double wide driveway. This neighbourhood is surrounded by high-end homes & this is a great opportunity to get into a well-established community with guaranteed legal suite income. Quick possession available to main household & basement tenant can be assumed. (id:65958)

Subtype: Single Family
Structure: House
Community: Upper Mission
Common interest: Freehold
Living area: 3,349 square feet
Lot size: 0.14 acres
Lot dimensions: 0.14
Parking: 5 total
Stories: 2
Fireplace: 2
On market: Apr 2, 2026
Status changed: Apr 27, 2026
Annual tax: $5,750.21
Photos: 66
MLS#: 10377108
Area: KELOWNA

Features and systems

Parking

Attached Garage

Heating

Forced airSee remarks

Cooling

Central air conditioning

Exterior

StoneStucco

Flooring

HardwoodCarpeted

Roof

Asphalt shingleUnknown

Lot

Central islandBalcony

Community

Family Oriented

Negative cash flow ~$150/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

-0.74%

Cap rate

4.72%

GRM

13.9

Break-even rent

$7,508

Financing

Down payment$244,800

Loan amount$979,200

Mortgage$4,961/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$561

Insurance$80

Maintenance$1,020

CapEx reserve$510

Vacancy loss$368

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 $4,961/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.