Property Type: Detached HouseOwnership: Freehold

1016 CLARANCE Avenue

Kelowna, BC V1W5M6

$1,893,000

5 bed5 full, 2 half bath7 parking4,160 sqftBuilt 2018
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Property Details

Property & Lot

Sub-type
House
Style
Ranch
Stories
2
Lot size
0.29 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$9,942

Interior

Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Mixed Flooring

Exterior & Lot

View
Lake view, Mountain view, Valley view
Lot features
Central island, Balcony, Two Balconies

Building

Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
029-762-952

Parking

Total spaces
7 — covered indicated
Features
Attached Garage, RV, Oversize, Heated Garage, Additional Parking

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
OtherAdditional Accommodation10' x 14'
Full bathroomAdditional Accommodation6' x 9'
KitchenAdditional Accommodation6' x 11'
BedroomBasement13' x 15'
OtherAdditional Accommodation12' x 13'
OtherBasement10' x 14'
OtherBasement8' x 12'
Partial bathroomBasement5' x 6'
Full bathroomBasement9' x 10'
BedroomBasement13' x 15'
BedroomBasement14' x 18'1''
Dining nookBasement9' x 10'
Family roomBasement13' x 13'
KitchenBasement8' x 11'
Family roomBasement12' x 17'
OtherMain level10' x 14'
OtherMain level14' x 18'
Laundry roomMain level7' x 13'
PantryMain level6' x 12'
BedroomMain level13' x 14'
Full ensuite bathroomMain level8' x 14'
Primary BedroomMain level14' x 18'
Partial bathroomMain level6' x 6'
KitchenMain level12' x 20'
Dining roomMain level11' x 18'
Living roomMain level20' x 21'
FoyerMain level10' x 12'

Listing Information

MLS®
10390081
Listed
June 5, 2026
Time on market
On the market for 87 days
Data last synced
August 31, 2026

Listing provided by: Century 21 Assurance Realty Ltd · Data source: CREA DDF.

Description

WOW! WOW! WOW! - CHECK OUT THESE VIEWS, THE QUALITY OF FINISHES AND THE OVERALL FLOOR PLAN. OVER 4,000 SQ FT OF COMBINED LIVING SPACE ON 2 LEVELS WITH A 1 BEDROOM LEGAL SUITE [currently vacant] WITH A PRIVATE ENTRANCE, PARKING SPACE AND PRIVATE DECK AREA - ALSO WITH BIG LAKE VIEWS!! This Property has a Total of 5 Bedrooms and 5 Bathrooms with views from almost every room. [except the dog house...] There is also an Option to Create an Additional ""in Law Suite"" on the lower level if desired. All Amenities are nearby with the recent opening of retail space at Mission Village at the corner of Gordon and Frost Roads. Check out the amenities close by within the pictures attached to this listing. Seller installed a rooftop Solar Panel System this past spring [cost $27k] that is estimated to save 70-80% on the electric bill. They have not had a bill to pay since spring!! WELCOME HOME TO 1016 CLARANCE AVENUE IN UPPER MISSION!! CURRENT ASSESSED VALUE BY BC ASSESSMENT IS $2.1 MILLION. - VERY LOW % ASSUMABLE MORTGAGE IN PLACE. FURNITURE IS NEGOTIABLE. QUICK POSSESSION POSSIBLE. (id:63159)

Values & Trends

This listing

$455/sqft

Building average

No other active listings in this building

Upper Mission average

$875/sqft

64 active listing(s)

Parking: 7 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Clear

12°C

Clear

Humidity 88%

Wind ENE 5 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

144,576

(2021 Census)

+13.5% since 2016

Density: 682.4/km²

Dwellings: 67,115

Median household income: $82,000

After-tax: $73,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom2.1% · 3,055
  • India1.6% · 2,335
  • Philippines1.1% · 1,620
  • Germany1.1% · 1,540
  • United States of America1% · 1,375
  • China0.7% · 960
  • Poland0.4% · 585
  • South Africa, Republic of0.4% · 525

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

15

2/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Canyon Falls Middle SchoolMiddle598 m
Bellevue Creek ElementaryElementary1.8 km
Okanagan Mission SecondaryElementary2.1 km
Anne McClymont ElementaryElementary2.5 km
Lakeside School Kelowna(Independent)Elementary2.6 km
Chute Lake ElementaryElementary2.7 km
Dorothea Walker ElementaryElementary2.9 km
de l'Anse-au-sableK-123.9 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Grocery (1)

  • Save-On-Foods365 m

Parks (5+)

  • Hill Spring Park406 m
  • Kuipers' Peak Mountain Park459 m
  • Steele Road Recreation Corridor473 m
  • Southridge Detention Pond507 m
  • Southridge Park616 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($378,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,514,400.00
Periodic payment — Principal & Interest (monthly)$9,770.39
Additional monthly expenses (strata, tax, utilities, etc.)$1,036.50
Total monthly cost$10,806.89
Interest paid over 5-yr term$434,031.39
Balance at end of term$1,362,207.70

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$378,600
Stress test qualifying rate8.09%
Payment you must qualify for$11,645.21

Cash Needed at Closing

Minimum down payment$378,600
Estimated BC PTT$35,860
Legal / closing costs (typical estimate)$1,500
Total cash needed$415,960

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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