Property Type: DuplexOwnership: Freehold

156-158 Adventure Road

Kelowna, BC V1X1N4

$1,199,000

9 bed4 bath9 parking4,085 sqftBuilt 1972
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Property Details

Property & Lot

Sub-type
Duplex
Stories
2
Lot size
0.29 acres

Ownership & Fees

Property type
Duplex
Ownership
Freehold
Annual property tax
$4,983.21

Interior

Heating
Forced air
Fireplace
None

Parking

Total spaces
9 — covered indicated
Features
Detached Garage, Carport, Street, Oversize, Additional Parking

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
BedroomMain level13'3'' x 11'2''
5pc BathroomMain level7'3'' x 7'8''
Primary BedroomMain level13'3'' x 11'9''
Living roomMain level20'0'' x 11'6''
Dining roomMain level7'4'' x 11'6''
KitchenMain level9'4'' x 11'6''
3pc BathroomBasement7'1'' x 6'7''
BedroomBasement12'7'' x 10'9''
BedroomBasement8'10'' x 10'9''
BedroomBasement8'10'' x 10'9''
Utility roomBasement3'9'' x 7'7''
Recreation roomBasement19'3'' x 11'6''
KitchenBasement9'4'' x 11'6''
Recreation roomBasement21'9'' x 22'9''
Laundry roomBasement13'3'' x 11'4''
BedroomBasement12'10'' x 11'0''
BedroomBasement10'9'' x 11'0''
3pc BathroomBasement6'10'' x 7'1''
BedroomMain level14'4'' x 11'5''
3pc BathroomMain level7'4'' x 7'11''
Primary BedroomMain level13'4'' x 11'7''
Dining roomMain level12'3'' x 11'6''
Living roomMain level19'11'' x 11'5''
KitchenMain level8'5'' x 11'6''

Listing Information

MLS®
10396095
Listed
July 30, 2026
Time on market
On the market for 32 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty · Data source: CREA DDF.

Description

Investor Alert! Exceptional opportunity to own a fully tenanted duplex offering 3 income-producing rental units in a quiet, family-friendly cul-de-sac. This duplex features 3 separate rental units, all currently tenanted, providing immediate cash flow. Each side of the duplex offers its own dedicated parking & carport, while the property also includes a detached oversized garage, adding valuable storage or additional rental possibilities. Unit 156 features 2 self-contained living spaces. The upper level offers a spacious floor plan with a large living room, 2 generous bedrooms, & an updated kitchen. The lower-level suite includes 3 well-sized bedrooms, updated kitchen, large recreation/living area, & access to shared laundry. This side of the duplex has a newer furnace & hot water tank, & enjoys a private, fenced backyard. Unit 158 occupies the entire opposite side of the duplex & offers an excellent family layout with four beds and two baths. The floor plan includes a large kitchen with an adjoining dining area, a bright living room, & a generous rec room in the basement, providing plenty of flexible living space for tenants. Ideally situated close to shopping, parks, public transit, & amenities, this property is also within walking distance of a sought-after French immersion school, making it an attractive location for families. With multiple revenue streams. Don't miss your chance to add this to your real estate portfolio. Each side has a separate entrance to the Basement (id:63159)

Values & Trends

This listing

$294/sqft

Building average

No other active listings in this building

Rutland South average

$330/sqft

8 active listing(s)

Parking: 9 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

44

6/9 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
Belgo Elementary SchoolElementary224 m
South Rutland ElementaryElementary575 m
Quigley ElementaryElementary973 m
Okanagan Christian School(Independent)K-121.0 km
Flex Academy(Independent)K-121.5 km
Rutland Senior SecondaryElementary1.5 km
Rutland Middle SchoolMiddle1.6 km
Pearson Road ElementaryElementary1.8 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 (5+)

  • Vancouver Pizza Kitchen · 225 Rutland Road South363 m
  • Alcatraz Chicken · 225 Rutland Road South392 m
  • Fusion Food Lounge468 m
  • Memphis Blues604 m
  • Latin Fiesta707 m

Cafes (2)

  • Dosa Crepe Cafe · Gray Road457 m
  • Starbucks583 m

Grocery (1)

  • Save-On-Foods481 m

Parks (4)

  • Rutland Lions Park324 m
  • Roxby Square596 m
  • Belgo Park651 m
  • Hollywood Park708 m

Pharmacies (2)

  • The Local Pharmacy · 225 Rutland Road South371 m
  • Shoppers Drug Mart557 m

Banks & ATMs (4)

  • Interior Savings420 m
  • TD523 m
  • First West Credit Union · 110 Highway 33 West575 m
  • Basha Donair - Bitcoin Well ATM · 135 Rutland Road North600 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($94,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$959,200.00
Periodic payment — Principal & Interest (monthly)$6,188.43
Additional monthly expenses (strata, tax, utilities, etc.)$619.27
Total monthly cost$6,807.70
Interest paid over 5-yr term$274,909.48
Balance at end of term$862,803.50

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,900
Stress test qualifying rate8.09%
Payment you must qualify for$8,490.14

Cash Needed at Closing

Minimum down payment$94,900
Estimated BC PTT$21,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$118,380

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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