470 Gerstmar Road — Updated Home with Legal Suite & Development Potential This property offers the best of both worlds: a move-in ready 1,607 sq.ft. home with income potential and future development value. The main level features a 2-bedroom, 1-bath layout with modern updates throughout, while the legal 1-bedroom, 1-bath suite below provides excellent mortgage help or rental income. The home has been tastefully updated inside and out, including fresh exterior paint, renovated living spaces, and newer suite finishes. Major systems have been upgraded as well with A/C (2022), Furnace (2019), and Roof (2020). Set on a 0.28-acre lot zoned MF1. The City of Kelowna has expressed support for a 6-unit townhome development, with preliminary designs prepared by Lime Architecture, who know the site well and can help fast-track approvals. The concept envisions six modern townhomes of roughly 1,980 sq.ft. each, designed with 3 bedrooms, double-car garages, and private yards, the ideal product for families and first-time buyers in today’s market. Located in the heart of Rutland, close to schools, parks, shopping, and public transit, and just 10–15 minutes from Downtown Kelowna, UBCO, and Okanagan College, this property checks every box. Whether you’re looking to build and sell, rent and hold, or simply enjoy a turnkey home with strong upside. Call today for more details or to schedule a viewing.
For sale
C$800,000
470 Gerstmar Rd, Kelowna, BC V1X 4B1
3beds
1,607sqft
Single Family Residence
Built in 1970
0.28 Acres Lot
$-- Zestimate®
C$498/sqft
C$-- HOA
What's special
- 57 days |
- 39 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 06, 2026 at 10:02am
Listed by:
Nick Hazzi,
Vantage West Realty Inc.,
Brad Pollard,
Vantage West Realty Inc.
Source: Association of Interior REALTORS,MLS®#: 10373230Originating MLS®#: Association of Interior REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
- Dimensions: 10.92x10.50
Bedroom
- Level: Main
- Dimensions: 10.92x9.00
Bedroom
- Features: Additional Living Quarters
- Level: Basement
- Dimensions: 12.25x9.25
Dining room
- Level: Main
- Dimensions: 7.25x10.67
Dining room
- Features: Additional Living Quarters
- Level: Basement
- Dimensions: 6.00x8.83
Foyer
- Level: Main
- Dimensions: 4.92x5.50
Other
- Features: Three Piece Bathroom
- Level: Main
- Dimensions: 7.42x4.83
Other
- Features: Three Piece Bathroom, Additional Living Quarters
- Level: Basement
- Dimensions: 7.42x5.00
Kitchen
- Level: Main
- Dimensions: 8.58x13.25
Kitchen
- Features: Additional Living Quarters
- Level: Basement
- Dimensions: 8.42x8.92
Laundry
- Level: Basement
- Dimensions: 10.58x7.00
Living room
- Features: Additional Living Quarters
- Level: Basement
- Dimensions: 17.17x11.67
Living room
- Level: Main
- Dimensions: 19.67x14.83
Other
- Description: Hallway
- Features: Additional Living Quarters
- Level: Basement
- Dimensions: 10.50x5.00
Other
- Description: Hallway
- Level: Main
- Dimensions: 5.92x4.83
Other
- Description: Foyer
- Features: Additional Living Quarters
- Level: Basement
- Dimensions: 3.42x10.00
Other
- Description: Laundry
- Features: Additional Living Quarters
- Level: Basement
- Dimensions: 2.92x6.08
Utility room
- Level: Basement
- Dimensions: 3.50x4.00
Heating
- Electric, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Oven, Range, Refrigerator, Washer
Features
- Flooring: Laminate
- Basement: Full,Finished,Separate Entrance
- Has fireplace: No
Interior area
- Total interior livable area: 1,607 sqft
- Finished area above ground: 834
- Finished area below ground: 773
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Additional Parking, Carport
- Carport spaces: 1
- Uncovered spaces: 5
Features
- Levels: Two,Multi/Split
- Stories: 2
- Patio & porch: Covered, Deck
- Exterior features: Balcony, Private Yard
- Pool features: None
- Fencing: Fenced
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.28 Acres
- Dimensions: 65.00 x 135
- Features: City Lot, Easy Access, Near Golf Course, Landscaped, Level, Near Park, Near Ski Area, Near Public Transit, Paved, Views
Details
- Parcel number: 005572550
- Zoning: MF1
- Zoning description: Multi-Family,Residential,Single Family
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bi-Level
- Property subtype: Single Family Residence
Materials
- Brick, Stucco, Wood Frame
- Foundation: Concrete Perimeter
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, High Speed Internet Available
Community & HOA
Community
- Features: Near Schools, Park, Recreation Area, Airport/Runway, Shopping
HOA
- Has HOA: No
Location
- Region: Kelowna
Financial & listing details
- Price per square foot: C$498/sqft
- Annual tax amount: C$4,203
- Date on market: 1/22/2026
- Cumulative days on market: 58 days
- Ownership: Freehold,Fee Simple
Nick Hazzi
Nick Hazzi
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Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: Rutland
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