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Investment signal

$2,350,000

787-789 HARVEY Avenue

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Investment signal

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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

787-789 Harvey Ave — Developer Alert One of the last development sites on Harvey Avenue. This 0.27-acre (1,093 sqm) parcel offers 72 ft of highway frontage on Kelowna's primary transit corridor with Core Neighbourhood High Density (CNHD) future land use designation. Current MF1 zoning with a clear path to rezoning supported by OCP designation. The neighbouring property just completed a 6-storey apartment, establishing density precedent directly next door. Develop standalone or assemble with surrounding parcels for a larger project. Duplex on site provides holding income while you plan your next move. Sites with this combination — transit frontage, CNHD designation, assembly potential, and proven neighbour precedent — don't last on Harvey Ave. (id:65958)

Subtype: Other
Structure: Residential Commercial Mix
Community: Kelowna South
Lot size: 0.27 acres
Lot dimensions: 0.27
Parking: 4 total
On market: Mar 19, 2026
Status changed: Apr 24, 2026
Photos: 12
MLS#: 10380106
Area: KELOWNA

Features and systems

Parking

Detached GarageAdditional Parking

Heating

Baseboard heatersElectric

Exterior

Other

Roof

Asphalt shingleUnknown

Negative cash flow ~$2,458/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

-6.28%

Cap rate

3.61%

GRM

16.7

Break-even rent

$14,337

Financing

Down payment$470,000

Loan amount$1,880,000

Mortgage$9,526/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,077

Insurance$80

Maintenance$1,958

CapEx reserve$979

Vacancy loss$588

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 $9,526/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 24, 2026.