Property Type: Detached HouseOwnership: Freehold

1340 Morgan Road

Kelowna, BC V1X1V8

$787,000

4 bed2 bath1 parking1,993 sqftBuilt 1973
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Property Details

Property & Lot

Sub-type
House
Stories
1.5
Lot size
0.21 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,085

Interior

Basement
Full
Heating
Electric, See remarks
Cooling / A/C
Central air conditioning, Heat Pump
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Flooring
Hardwood, Slate, Mixed Flooring

Exterior & Lot

Exterior features
Stucco, Vinyl siding, Other
View
Mountain view

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
Full bathroomBasement9'8'' x 6'4''
Utility roomBasement4'9'' x 4'1''
BedroomBasement10'4'' x 12'8''
BedroomBasement6'11'' x 13'8''
KitchenBasement11'0'' x 12'10''
Living roomBasement12'9'' x 16'6''
OtherMain level18' x 23'2''
Full bathroomMain level8'0'' x 4'11''
BedroomMain level11'8'' x 10'2''
Primary BedroomMain level11'5'' x 12'2''
KitchenMain level11'10'' x 16'0''
Living roomMain level13'6'' x 15'

Listing Information

MLS®
10377605
Listed
March 3, 2026
Time on market
On the market for 181 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

Desirable investment opportunity in prime location! Featuring a beautifully updated home with an in-law suite, offering the perfect blend of comfort and income potential. Situated on a generous 9,100 sq. ft. fully fenced lot, this property has ample backyard space ideal for family gatherings and outdoor enjoyment. The bright main level includes 2 bedrooms and 1 bathroom, along with a stylish kitchen complete with stainless steel appliances, a gas stove, and elegant granite countertops, perfect for cooking and entertaining. Downstairs you will find a 2 bedroom, 1 bathroom in-law suite with a separate entry, providing excellent flexibility for extended family or rental income. This is a fantastic opportunity to enter the single-family home market while benefiting from a valuable mortgage helper. Don’t miss your chance to own this exceptional property. (id:63159)

Values & Trends

This listing

$395/sqft

Building average

No other active listings in this building

Rutland North average

$515/sqft

84 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Clear

15°C

Clear

Humidity 76%

Wind NNW 4 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

144,576

(2021 Census)

+13.5% since 2016

Density: 682.4/km²

Dwellings: 67,115

Median household income: $82,000

After-tax: $73,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom2.1% · 3,055
  • India1.6% · 2,335
  • Philippines1.1% · 1,620
  • Germany1.1% · 1,540
  • United States of America1% · 1,375
  • China0.7% · 960
  • Poland0.4% · 585
  • South Africa, Republic of0.4% · 525

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

19

4/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Springvalley Middle SchoolElementary573 m
Springvalley ElementaryElementary621 m
Kelowna Arts Academy(Independent)K-12662 m
Flex Academy(Independent)K-12673 m
Quigley ElementaryElementary1.1 km
Okanagan Christian School(Independent)K-121.4 km
Pearson Road ElementaryElementary1.6 km
Belgo Elementary SchoolElementary1.6 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (2)

  • hoang gai728 m
  • Joey · 2475 Highway 97790 m

Grocery (1)

  • Fruiticana · 2463 Highway 97 North761 m

Parks (3)

  • Davie Park329 m
  • Hollydell Park538 m
  • Moraine Park739 m

Shopping (1)

  • Canadian Tire · 2479 Highway 97 North575 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.8% ($53,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$629,600.00
Periodic payment — Principal & Interest (monthly)$4,061.97
Additional monthly expenses (strata, tax, utilities, etc.)$440.42
Total monthly cost$4,502.38
Interest paid over 5-yr term$180,445.17
Balance at end of term$566,327.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$53,700
Stress test qualifying rate8.09%
Payment you must qualify for$5,638.82

Cash Needed at Closing

Minimum down payment$53,700
Estimated BC PTT$13,740
Legal / closing costs (typical estimate)$1,500
Total cash needed$68,940

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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