470 GERSTMAR ROAD
Interior REALTORS® · V1X4B1
$825,000
About this residence
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. (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 3
- Bathrooms
- 2
- Storeys
- 2
- Living area
- 1,607 sq ft
- Lot size
- 0.28
- Frontage
- 65 feet
- Parking
- 6 spaces
- Year built
- 1970
- Annual tax
- $4,204
- MLS®
- 10368763
- Board
- Interior REALTORS®
- Status
- Inactive
- Listed
- Nov 13, 2025
- Updated
- Nov 13, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Utility room | Basement | 4'0'' x 3'6'' |
| Laundry room | Basement | 7'0'' x 10'7'' |
| Bedroom | Additional Accommodation | 9'3'' x 12'3'' |
| Living room | Additional Accommodation | 11'8'' x 17'2'' |
| Other | Additional Accommodation | 5'0'' x 10'6'' |
| Full bathroom | Additional Accommodation | 5'0'' x 7'5'' |
| Foyer | Main level | 5'6'' x 4'11'' |
| Bedroom | Main level | 9'0'' x 10'11'' |
| 3pc Bathroom | Main level | 4'10'' x 7'5'' |
| Primary Bedroom | Main level | 10'6'' x 10'11'' |
| Dining room | Main level | 10'8'' x 7'3'' |
| Living room | Main level | 14'10'' x 19'8'' |
| Other | Main level | 4'10'' x 5'11'' |
| Kitchen | Main level | 13'3'' x 8'7'' |
| Other | Additional Accommodation | 10'0'' x 3'5'' |
| Other | Additional Accommodation | 6'1'' x 2'11'' |
| Dining room | Additional Accommodation | 8'10'' x 6'0'' |
| Kitchen | Additional Accommodation | 8'11'' x 8'5'' |
Features & finishes
Appliances
- Washer
- Refrigerator
- Dishwasher
- Dryer
- Range
- Oven
Flooring
- Laminate
Heating
- Forced air
- See remarks
- Electric
Cooling
- Central air conditioning
Basement
- Full
Exterior
- Brick
- Stucco
Parking
- Carport
- Additional Parking
Lot
- Level lot
- One Balcony
Sewer & Utilities
- Municipal sewage system
- Cable
- Electricity
- Sewer
- Natural Gas
- Telephone
- Water
Views
- Mountain view
- View (panoramic)
Financing
Estimated monthly payment
$3,858/mo
Loan amount
$660,000
Down payment
$165,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Interior REALTORS®
Nearby
About the area
Census · V1X- 35,151
- Population
- 40
- Median age
- $77,500
- Median income
- $600,000
- Median home value
- 68%
- Home ownership
- 20 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 470 GERSTMAR ROAD?
470 GERSTMAR ROAD is listed for $825,000, in Interior REALTORS®.
How many bedrooms and bathrooms does 470 GERSTMAR ROAD have?
It offers 3 bedrooms and 2 bathrooms.
What type of home is 470 GERSTMAR ROAD?
470 GERSTMAR ROAD is a Single Family, House set over 2 storeys, built in 1970.
How large is 470 GERSTMAR ROAD?
The home offers approximately 1,607 sq ft of living space on a lot measuring 0.28.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $3,858. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $4,204 per year.
Is there parking?
Yes — 470 GERSTMAR ROAD includes 6 parking spaces.
What is the Interior REALTORS® area like?
Interior REALTORS® has a population of about 35,151, a median age of 40, a 68% home-ownership rate, with an average commute of about 20 minutes.
What is the average home value in Interior REALTORS®?
The median dwelling value in this area is approximately $600,000, based on census data via Neighbourly.
What is the median household income in Interior REALTORS®?
The median household income in this area is approximately $77,500.
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Private viewings
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