Property Type: Detached HouseOwnership: Freehold

500 Mallach Road

Kelowna, BC V1X2W8

$709,000

3 bed3 bath4 parking1,050 sqftBuilt 1970
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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
$3,506

Interior

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

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
4 — covered indicated
Features
Carport, Additional Parking

Room Dimensions

RoomLevelDimensions
Full bathroomMain level
Dining roomMain level8'10'' x 11'9''
Full bathroomBasement6'0'' x 5'0''
Full bathroomMain level9'0'' x 7'0''
BedroomMain level8'10'' x 9'4''
BedroomMain level9'10'' x 12'5''
Primary BedroomMain level10'11'' x 11'9''
KitchenMain level8'5'' x 10'0''
Living roomMain level12'0'' x 20'6''

Listing Information

MLS®
10392269
Listed
July 8, 2026
Time on market
On the market for 54 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

This 3 bedroom home with potential for a suite, in a wonderful family oriented neighbourhood offers incredible opportunity for anyone looking to customize a home and build future equity. The main floor provides the ease of one floor living with 3 bedrooms and 2 bathrooms, including a primary bedroom with its own ensuite. You can move right in with peace of mind knowing most of the expensive, big ticket mechanical and exterior items have already been upgraded, including durable Hardie board siding, a new roof, and a newer furnace and AC. Downstairs, the unfinished basement is a clean blank canvas waiting for your vision; whether you need extra storage, more finished family space, or a future basement suite, it comes well prepared with a separate entrance and a roughed in kitchen. Outside, the home sits on a large, fenced yard featuring a huge back deck and two raised garden beds ready for growing your own vegetables. Situated close to great schools, this location offers a highly convenient work commute while keeping you just moments away from shopping, local restaurants, the YMCA, and quick access to the mountains. (id:63159)

Values & Trends

This listing

$675/sqft

Building average

No other active listings in this building

Rutland South average

$416/sqft

43 active listing(s)

Parking: 4 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

37

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
South Rutland ElementaryElementary309 m
Belgo Elementary SchoolElementary549 m
Okanagan Christian School(Independent)K-121.3 km
Quigley ElementaryElementary1.3 km
Rutland Senior SecondaryElementary1.4 km
Rutland Middle SchoolMiddle1.5 km
Rutland ElementaryElementary1.6 km
Flex Academy(Independent)K-121.7 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)

  • Vancouver Pizza Kitchen · 225 Rutland Road South400 m
  • Alcatraz Chicken · 225 Rutland Road South420 m
  • Fusion Food Lounge511 m
  • Memphis Blues581 m

Cafes (2)

  • Dosa Crepe Cafe · Gray Road503 m
  • Starbucks564 m

Grocery (1)

  • Save-On-Foods627 m

Parks (4)

  • Belgo Park457 m
  • Rutland Lions Park531 m
  • Brighton Park557 m
  • Roxby Square731 m

Pharmacies (2)

  • The Local Pharmacy · 225 Rutland Road South406 m
  • Shoppers Drug Mart783 m

Banks & ATMs (4)

  • Interior Savings431 m
  • Basha Donair - Bitcoin Well ATM · 135 Rutland Road North579 m
  • First West Credit Union · 110 Highway 33 West605 m
  • TD700 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.5% ($45,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$567,200.00
Periodic payment — Principal & Interest (monthly)$3,659.38
Additional monthly expenses (strata, tax, utilities, etc.)$345.17
Total monthly cost$4,004.55
Interest paid over 5-yr term$162,561.15
Balance at end of term$510,198.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$45,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,099.01

Cash Needed at Closing

Minimum down payment$45,900
Estimated BC PTT$12,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$59,580

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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