150 Mills Road
Kelowna, BC V1X4G7
$798,900
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1
- Lot size
- 0.21 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,199.71
Interior
- Heating
- Forced air, See remarks
- Fireplace
- None
Exterior & Lot
- Exterior features
- Stucco, Wood siding
- View
- Mountain view, Valley view, View (panoramic)
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Features
- Other, Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 10' x 10' |
| Bedroom | Main level | 10' x 10' |
| Partial bathroom | Main level | — |
| Full bathroom | Main level | 7' x 5' |
| Primary Bedroom | Main level | 13' x 12' |
| Living room | Main level | 11' x 17' |
| Kitchen | Main level | 12' x 8' |
Listing Information
- MLS®
- 10377657
- Listed
- March 2, 2026
- Time on market
- On the market for 182 days
- Data last synced
- August 28, 2026
Listing provided by: Coldwell Banker Horizon Realty · Data source: CREA DDF.
Description
Outstanding opportunity on a 0.21-acre MF1-zoned lot with solid development and holding potential! This level, rectangular lot provides excellent access and design flexibility for a multi-unit project. The existing 3-bed, 1.5-bath home has been consistently tenant occupied and has plenty of life left with some TLC—perfect as a rental hold, or a modest residence while you plan your future build. MF1 zoning supports gentle density, making this property ideal for investors, builders, or those looking to secure land in a growing area. Home is connected to Rutland water, city sewer, and natural gas, with ample fenced yard space and off-street parking. Located close to Hwy 33, schools, shopping, parks, and downtown, this property combines lifestyle convenience with long-term upside. Live in, rent out, or redevelop... opportunities like this are rare in today’s market. A smart buy with tremendous potential and room to grow! (id:63159)
Values & Trends
This listing
$802/sqft
Building average
—
No other active listings in this building
Rutland North average
$510/sqft
84 active listing(s)
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
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
26
5/9 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
| School | Type | Distance |
|---|---|---|
| Kelowna Arts Academy(Independent) | K-12 | 509 m |
| Springvalley Middle School | Elementary | 567 m |
| Springvalley Elementary | Elementary | 702 m |
| Flex Academy(Independent) | K-12 | 781 m |
| Quigley Elementary | Elementary | 1.5 km |
| Pearson Road Elementary | Elementary | 1.5 km |
| Okanagan Christian School(Independent) | K-12 | 1.9 km |
| Belgo Elementary School | Elementary | 2.1 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 (3)
- Bluetail Sushi · #102-1675 Commerce Avenue415 m
- hoang gai474 m
- Joey · 2475 Highway 97503 m
Cafes (2)
- Tim Hortons631 m
- Starbucks686 m
Grocery (2)
- Fruiticana · 2463 Highway 97 North541 m
- Walmart Supercentre715 m
Parks (1)
- Davie Park747 m
Shopping (1)
- Canadian Tire · 2479 Highway 97 North334 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.9% ($54,890) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.