20 hours on Market

1060 THOMPSON ROAD, Kelowna, British Columbia V1X1C4

Detached
5
3
~2400 sqft
$859,900
Get pre-qualifiedPowered by nesto
Detached
5
3
~2400 sqft

Contact us about this property

Call

Highlights

Property Estimate

Days on market20 hours

Estimated valueNot available

Price/Sqft$358/sqft

Monthly cost

Open Calculator

Description

Exceptional investment opportunity on one of Spring Valley's most prestigious streets. This meticulously maintained home rests on an expansive 0.25-acre lot, offering the perfect balance of comfortable family living and excellent rental income potential. The main residence features three bedrooms (one without a closet), a fully updated kitchen, and renovated bathrooms. The legal two-bedroom suite has a separate entrance and its own laundry, making it ideal as a mortgage helper or for multi-generational living. Extensive upgrades add peace of mind: roof, windows, doors, concrete board siding, high-efficiency furnace with central air, hot water tank, PEX plumbing throughout and connected to municipal sewer. Outside, the property offers a partially fenced yard, underground sprinklers, abundant parking for tenants, family, RVs, and all the toys. An oversized attached single garage with workshop space and a powered backyard shed provide excellent flexibility for storage and projects. Currently, the main home is rented month-to-month for $2,775, while the legal suite is rented for $1,650, generating $4,425 per month in income utilities included. Perfectly situated close to Mission Creek Greenway, regional parks, schools, shopping, golf, public transit, and just minutes to Okanagan Lake, this turnkey property blends modern updates, versatile living spaces, and a premium location. Call today to arrange your private viewing! (id:39198)


Property Details

StyleHouse
ViewMountain view
Age of property1973
SqFt~2400 SqFt
Lot Size-
Parking Spaces5
MLS ®Number10363617
Community NameRutland
Data SourceCREA
Listing byColdwell Banker Executives Realty

Features

Heating: Forced air, See remarks
Cooling: Central air conditioning
Basement: Full

Additional Accommodation Floor

Bedroom

12'8'' x 13'3''

Dining room

6'0'' x 6'0''

Living room

11'11'' x 12'9''

Kitchen

11'0'' x 13'0''


Parking

Garage spaces -

Garage type -

Total parking spaces 5


Property History

Sep 19, 2025
ListedActive
$859,900
20 hours on market
history photo preview55
Listing by crea®
Property listed by Coldwell Banker Executives Realty, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Population and Demographics

Overview

Total population 9728
Average household income $103,076

Age (%)

0 to 19
21%
20 to 34
24%
35 to 49
19%
50 to 64
19%
65 and plus
17%

Household composition (%)

Single family
62%
Single person
26%
Multi person
10%
Multi family
2%

Mother tongue (%)

English
88%
Others
3%
Punjabi (Panjabi)
2%
German
2%
Tagalog (Pilipino, Filipino)
2%
French
1%

House tenancy (%)

Owners
69%
Renters
31%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget

Powered by:
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.