Property Type: Land / LotOwnership: Freehold

1080 Gibson Road

Kelowna, BC V1P1B9

$788,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.49 acres
Frontage
143 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,065.54

Interior

Fireplace
None

Listing Information

MLS®
10339795
Listed
April 2, 2025
Time on market
On the market for 516 days
Data last synced
August 28, 2026

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

Description

Build your estate home on this wonderful half-acre lot with exceptional views over orchards and farms, towards Kelowna and Okanagan lake. Views are over ALR land so they are unlikely to change. Enjoy the peace and solitude of rural living only minutes away from all the amenities the Okanagan has to offer! Views are over Agricultural Land Reserve property. Sewer and water are on the lot and other utilities are at the road. Lot is sloped ideally for a rancher/walkout home. Centrally located only 10 minutes to Kelowna International Airport. Several golf courses are only minutes away, including Tower Ranch, Sunset Ranch, Kelowna Springs, Shadow Ridge, The Quail and Bear and Black Mountain. Schools, shopping, parks and recreation venues are all within a 10-minute drive. Big White and Silver Star winter sports areas are less than an hour away. 20 minutes to downtown beaches. (id:63159)

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

7

1/9 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
Rutland ElementaryElementary860 m
Rutland Senior SecondaryElementary1.5 km
Rutland Middle SchoolMiddle1.6 km
South Rutland ElementaryElementary2.0 km
Pearson Road ElementaryElementary2.5 km
Belgo Elementary SchoolElementary2.8 km
Flex Academy(Independent)K-123.1 km
Kelowna Arts Academy(Independent)K-123.4 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

Parks (1)

  • Hartman Park226 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 6.8% ($53,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$630,400.00
Periodic payment — Principal & Interest (monthly)$4,067.13
Additional monthly expenses (strata, tax, utilities, etc.)$172.13
Total monthly cost$4,239.26
Interest paid over 5-yr term$180,674.45
Balance at end of term$567,046.84

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$53,800
Stress test qualifying rate8.09%
Payment you must qualify for$5,645.74

Cash Needed at Closing

Minimum down payment$53,800
Estimated BC PTT$13,760
Legal / closing costs (typical estimate)$1,500
Total cash needed$69,060

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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