Property Type: Detached HouseOwnership: Freehold

255 Leathead Road

Kelowna, BC V1X2H9

$1,275,000

4 bed2.5 bath2,227 sqftBuilt 1962
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.23 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,714.44

Interior

Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None

Parking

Features
Additional Parking

Room Dimensions

RoomLevelDimensions
Full bathroomMain level
WorkshopBasement16' x 11'
Partial bathroomBasement' x '
BedroomBasement12' x 10'
Family roomBasement12' x 20'
OtherSecondary Dwelling Unit16' x 11'5''
Laundry roomBasement11' x 11'
BedroomMain level9' x 11'5''
Dining roomMain level12' x 10'
BedroomMain level8' x 11'
Primary BedroomMain level11'5'' x 11'5''
KitchenMain level12' x 14'
Living roomMain level12' x 19'

Listing Information

MLS®
10393429
Listed
July 3, 2026
Time on market
On the market for 59 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (Kelowna) · Data source: CREA DDF.

Description

Presenting a development opportunity to acquire one, several, or all 4 strategically located properties in one of Kelowna's fastest-growing urban corridors. This offering provides exceptional flexibility for developers pursuing projects of varying scale with up to approximately 33,100 sq. ft, FAR up to 2.6 and 6 storey based height, the potential for a significant multifamily development is right here. Future residents will enjoy convenient access to UBC Okanagan, Kelowna International Airport, schools, parks, shopping, restaurants, and major transportation corridors, making this an ideal location for future residential development. (id:63159)

Values & Trends

This listing

$573/sqft

Building average

No other active listings in this building

Rutland North average

$513/sqft

84 active listing(s)

Parking: Not indicatedStorage 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

12°C

Clear

Humidity 88%

Wind ENE 5 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

30

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
Rutland Middle SchoolMiddle427 m
Rutland Senior SecondaryElementary500 m
Pearson Road ElementaryElementary785 m
South Rutland ElementaryElementary1.0 km
Rutland ElementaryElementary1.1 km
Flex Academy(Independent)K-121.1 km
Belgo Elementary SchoolElementary1.4 km
Kelowna Arts Academy(Independent)K-121.4 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 (4)

  • Jaide & Joel's Baking Company · 555 Montgomery Road221 m
  • Latin Fiesta685 m
  • Memphis Blues697 m
  • Fusion Food Lounge794 m

Cafes (1)

  • Starbucks715 m

Grocery (2)

  • IGA740 m
  • Save-On-Foods764 m

Parks (4)

  • Rutland Centennial Park440 m
  • Briarwood Park573 m
  • Rutland Bluff Linear Park599 m
  • Roxby Square656 m

Pharmacies (1)

  • Shoppers Drug Mart772 m

Banks & ATMs (3)

  • First West Credit Union · 110 Highway 33 West687 m
  • Basha Donair - Bitcoin Well ATM · 135 Rutland Road North699 m
  • TD744 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($102,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,020,000.00
Periodic payment — Principal & Interest (monthly)$6,580.69
Additional monthly expenses (strata, tax, utilities, etc.)$420.54
Total monthly cost$7,001.23
Interest paid over 5-yr term$292,334.93
Balance at end of term$917,493.30

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$102,500
Stress test qualifying rate8.09%
Payment you must qualify for$9,016.11

Cash Needed at Closing

Minimum down payment$102,500
Estimated BC PTT$23,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$127,500

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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