Rental income in Kelowna varies widely by location, property type, and condition. As a general guide, one-bedroom units often rent between $1,700 and $2,200 per month. Two-bedroom homes commonly fall in the $2,000 to $2,800 range, while three-bedroom properties may achieve $2,600 to $3,200.
Factors such as proximity to transit, schools, and employment centres influence achievable rents. Newer or updated properties typically command premiums, while older homes may require competitive pricing.
Landlords must also consider vacancy risk, maintenance costs, and compliance with provincial tenancy rules. Gross rent figures alone don’t tell the full story — net returns matter more.
To refine rental estimates for a specific neighbourhood, Anthony Shephard of 2% Realty provides localized rental insight based on current market activity and long-term trends.
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