For Sale · Kelowna · Single Family

$959,000

693 Mayfair Court, Kelowna

Beds

Baths

3,584

Sq Ft

1991

Built

About This Home

The details.

Priced below assessed value and LEGAL SUITE! Exceptional investment opportunity with outstanding future redevelopment potential! Situated on a large, flat lot in a desirable family-friendly neighbourhood, this versatile property is zoned MF1, offering exciting possibilities for future development potential. The home features 7 bedrooms plus a den, including a spacious and fully self-contained 2-bedroom legal suite (currently being used as a 3 bedroom suite), making it an excellent income-generating property or ideal for multi-generational living. The upper level is currently rented for $3,500/month plus utilities, while the suite generates an additional $2,500/month plus utilities, providing strong rental income. An additional summer kitchen offers even more flexibility for extended family or entertaining. Major mechanical updates have already been completed, including a new furnace, hot water tank, and air conditioner, offering peace of mind for years to come. Located in a sought-after neighbourhood close to excellent schools, parks, public transit, shopping, restaurants, and everyday amenities, this property offers both immediate cash flow and long-term upside. (id:66635)

Summarizing the highlights...

MLS® 10394265Listing courtesy of Royal LePage KelownaView on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1991
Size: 3,584 sqft
Lot size: 0.21 acres
Storeys: 2
Parking: 1 space
Listed on: 2026-07-10
Days on market: 5
MLS number: 10394265
Data source: Association of Interior REALTORS®

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$4,485

$767,200 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$4,485

Cash flow

-$4,485

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Kelowna right now

524

Active listings

534

New this week

$779,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Kelowna.

Household and demographic stats for Kelowna, from the Statistics Canada 2021 Census.

144,576
Population (2021): 42.4
Median age: 62,210
Households: 2.3
Avg household size: 64.7%
Home ownership: $82,000
Median household income

Kelowna neighbourhood guide Full census profile Kelowna market trends

Source: Statistics Canada 2021 Census, Kelowna, City (CY).

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.