Property Type: Condo / ApartmentOwnership: Strata

1057 Frost Road Unit# 118

Kelowna, BC V1W0G7

$509,900

2 bed2 bath2 parking1,010 sqftBuilt 2024
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Open House

Saturday, September 5

11:00 AM3:00 PM

Visit the Sales Centre Saturday from 11am-3pm (located at Bravo - 1111 Frost Road)

Saturday, September 5

11:00 AM3:00 PM

Visit the Sales Centre Saturday from 11am-3pm (located at Bravo - 1111 Frost Road)

Saturday, September 5

11:00 AM3:00 PM

Visit the Sales Centre Saturday from 11am-3pm (located at Bravo - 1111 Frost Road)

Saturday, September 12

11:00 AM3:00 PM

Visit the Sales Centre Saturday from 11am-3pm (located at Bravo - 1111 Frost Road)

Amenities

Also listed: Storage - Locker, Recreation Centre, Party Room, Clubhouse

Property Details

Property & Lot

Sub-type
Apartment
Style
Other
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$313/mo
Annual property tax
$2,076

Interior

Heating
Heat Pump, Other
Cooling / A/C
Heat Pump
Fireplace
None

Building

Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
032-393-849

Parking

Total spaces
2 — uncovered indicated
Features
Underground, Additional Parking

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
Laundry roomMain level5'7'' x 10'
Full bathroomMain level6' x 5'
BedroomMain level12'4'' x 10'2''
Full ensuite bathroomMain level5' x 11'6''
Primary BedroomMain level10'0'' x 11'4''
Dining roomMain level9'2'' x 13'7''
Living roomMain level9'2'' x 9'3''
KitchenMain level9'1'' x 16'3''

Listing Information

MLS®
10397557
Listed
August 12, 2026
Time on market
On the market for 19 days
Data last synced
September 1, 2026

Listing provided by: REMAX Kelowna · Data source: CREA DDF.

Description

Brand New. Larger Floorplans. Quality Build (higher than building code standard). 20-Year New Home Warranty. 5-Year Price Protection. Welcome to Ascent, Kelowna's best-value condo community in the sought-after Upper Mission. Rightsize into this brand-new, move-in ready approx. 1,010 sqft Merlot home, offering spacious one-level living in a quiet, safe, and convenient neighbourhood. Shopping is right across the street at Mission Village at the Ponds, trails are outside your door, and the exclusive Community Building keeps you active and connected with a gym, games room, kitchen, piano, and more. Now priced at $509,900 #118 in the Alpha building offers exceptional value. This bright corner home features an abundance of natural light, an open-concept kitchen with island, a dedicated desk nook, large entry, full laundry room, and a thoughtfully designed layout that feels like home. Parking is included, and pet lovers will appreciate the flexibility of allowing two pets. Visit the Sales Centre Saturday from 11am–3pm (located at Bravo - 1111 Frost Road), or book your private appointment today and discover why Ascent is almost sold out. Photos/iguide are of a different Merlot floorplan in the community. (id:63159)

Values & Trends

This listing

$505/sqft

Building average

$501/sqft

3 active listing(s)

Upper Mission average

$535/sqft

5 active listing(s)

Parking: 2 stall(s) includedStorage locker: Included

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

15°C

Clear

Humidity 76%

Wind NNW 4 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 SchoolMiddle376 m
Bellevue Creek ElementaryElementary1.7 km
Okanagan Mission SecondaryElementary2.0 km
Anne McClymont ElementaryElementary2.3 km
Lakeside School Kelowna(Independent)Elementary2.5 km
Dorothea Walker ElementaryElementary2.7 km
Chute Lake ElementaryElementary2.8 km
de l'Anse-au-sableK-123.7 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-Foods284 m

Parks (5+)

  • Steele Road Recreation Corridor228 m
  • Hill Spring Park335 m
  • Ponds Community Park517 m
  • Southridge Detention Pond636 m
  • Kuipers' Peak Mountain Park707 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.1% ($25,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$407,920.00
Periodic payment — Principal & Interest (monthly)$2,631.76
Additional monthly expenses (strata, tax, utilities, etc.)$537.18
Total monthly cost$3,168.94
Interest paid over 5-yr term$116,911.04
Balance at end of term$366,925.36

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$25,990
Stress test qualifying rate8.09%
Payment you must qualify for$3,721.10

Cash Needed at Closing

Minimum down payment$25,990
Estimated BC PTT$8,198
Legal / closing costs (typical estimate)$1,500
Total cash needed$35,688

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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