Property Type: Detached HouseOwnership: Freehold

385 Perth Road

Kelowna, BC V1X3R5

$628,000

3 bed2 bath6 parking1,812 sqftBuilt 1968
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.21 acres
Frontage
76 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,800.29

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Laminate, Carpeted

Exterior & Lot

Exterior features
Stucco
Pool
Pool, Inground pool
Lot features
Corner Site, Irregular lot size

Building

Roof
Asphalt shingle, Unknown
Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
004-976-134

Parking

Total spaces
6 — uncovered indicated
Features
Additional Parking

Room Dimensions

RoomLevelDimensions
Laundry roomBasement7'8'' x 14'2''
3pc BathroomBasement5'6'' x 6'0''
BedroomBasement10'6'' x 12'6''
Recreation roomBasement16'0'' x 16'6''
4pc BathroomMain level7'0'' x 9'6''
BedroomMain level9'3'' x 11'0''
Primary BedroomMain level11'0'' x 11'2''
Living roomMain level14'0'' x 17'0''
Dining roomMain level8'0'' x 12'0''
KitchenMain level9'3'' x 11'3''

Listing Information

MLS®
10389898
Listed
June 2, 2026
Time on market
On the market for 90 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

Great opportunity in a central, established neighbourhood just minutes to Quigley Elementary, Springvalley schools, parks, shopping, Save-On-Foods, and everyday amenities. There is tremendous land value here! This 3 bedroom home offers a functional layout, generous living space, and a private backyard setting with ample parking, including room for an RV. A separate entrance provides flexibility for an in-law suite or potential income generating space. The covered sundeck overlooks the yard, which previously featured a 16' x 32' inground pool and now presents an opportunity to redesign the outdoor space to suit your vision. Situated on a large corner lot with MF1 (multi-family) zoning, this property offers excellent holding potential and future development flexibility (buyer to confirm with City of Kelowna). Whether you’re looking to renovate, hold as an investment, or explore long term redevelopment options, the zoning adds meaningful upside in a location that continues to see tremendous growth. An excellent option for buyers looking to personalize a property, build equity, or secure a strategic investment in a well connected area close to transit, schools, recreation facilities, and major routes. Strong location. Flexible zoning. Real potential. (id:63159)

Values & Trends

This listing

$347/sqft

Building average

No other active listings in this building

Rutland South average

$424/sqft

43 active listing(s)

Parking: 6 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

33

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
Quigley ElementaryElementary592 m
Belgo Elementary SchoolElementary626 m
Okanagan Christian School(Independent)K-12885 m
Flex Academy(Independent)K-12886 m
South Rutland ElementaryElementary1.1 km
Kelowna Arts Academy(Independent)K-121.3 km
Pearson Road ElementaryElementary1.5 km
Springvalley ElementaryElementary1.6 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 (4)

  • Latin Fiesta521 m
  • Vancouver Pizza Kitchen · 225 Rutland Road South760 m
  • Fusion Food Lounge766 m
  • Alcatraz Chicken · 225 Rutland Road South771 m

Cafes (2)

  • Unnamed539 m
  • Dosa Crepe Cafe · Gray Road761 m

Grocery (2)

  • IGA574 m
  • Save-On-Foods629 m

Parks (5+)

  • Hollywood Park91 m
  • Hollydell Park547 m
  • Rutland Lions Park567 m
  • Rutland Bluff Linear Park619 m
  • Roxby Square659 m

Pharmacies (3)

  • Shoppers Drug Mart484 m
  • Paragon494 m
  • The Local Pharmacy · 225 Rutland Road South762 m

Banks & ATMs (2)

  • TD577 m
  • Interior Savings793 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.0% ($37,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$502,400.00
Periodic payment — Principal & Interest (monthly)$3,241.31
Additional monthly expenses (strata, tax, utilities, etc.)$407.69
Total monthly cost$3,649.01
Interest paid over 5-yr term$143,989.28
Balance at end of term$451,910.42

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$37,800
Stress test qualifying rate8.09%
Payment you must qualify for$4,538.43

Cash Needed at Closing

Minimum down payment$37,800
Estimated BC PTT$10,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$49,860

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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