408 Royal Avenue
Kelowna, BC V1Y5L3
$1,575,000
Property Details
Property & Lot
- Sub-type
- Multi-Family
- Lot size
- 0.2 acres
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Annual property tax
- $5,062.28
Interior
- Heating
- Forced air
- Fireplace
- None
Building
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Parcel ID (PID)
- 010-859-276
Parking
- Features
- Carport, Rear, Street, Additional Parking
Listing Information
- MLS®
- 10376446
- Listed
- February 20, 2026
- Time on market
- On the market for 204 days
- Data last synced
- September 13, 2026
Listing provided by: Century 21 Assurance Realty Ltd · Data source: CREA DDF.
Description
COMPETIVELY PRICED! With only steps to the beach and the trendy Pandosy Village, this rare development site is strategically located directly across from the Kelowna General Hospital making it an impressive income producing or holding property opportunity. It offers an unparalleled opportunity for up to 16 to 20 high demand residential units, mixed commercial or medical/hospital related uses. The .2 acre corner lot is situated within the 400m TOA allowing for more buildable sqft and no parking required for residential developments. Current 5 bedroom/3 bathroom 2,300 sqft home. Be a part of the growing Kelowna Health District! (id:63159)
Location Insights
Weather
18°C
Mostly Cloudy
Humidity 41%
Wind WNW 22 km/h
Tonight
8°
Sunday
22°
Sunday night
8°
Monday
23°
Monday night
11°
Tuesday
20°
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| St Joseph Elementary School(Independent) | Elementary | 855 m |
| Central School Programs | K-12 | 903 m |
| Central Secondary | Secondary | 903 m |
| Raymer Elementary | Elementary | 1.1 km |
| A S Matheson Elementary | Elementary | 1.2 km |
| Kelowna Secondary | Secondary | 1.6 km |
| The Balsam School(Independent) | Elementary | 1.9 km |
| KLO Middle School | Middle | 2.0 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
Cafes (1)
- Abbott St. Cafe240 m
Parks (5+)
- Royal Avenue Beach Access292 m
- Strathcona Beach Park304 m
- Cadder Avenue Beach Access308 m
- Burne Avenue Beach Access388 m
- Maude Roxby Wetland542 m
Pharmacies (1)
- Remedy'sRx159 m
Healthcare (1)
- Kelowna General Hospital · 2268 Pandosy Street104 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($315,000) — 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.