Property Type: Condo / ApartmentOwnership: Strata

1257 Rio Drive

Kelowna, BC V1V1E2

$900,000

3 bed1 bath1,040 sqftBuilt 1971
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.14 acres

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$200/mo
Annual property tax
$3,562.54

Maintenance Fee Includes

Also included: Insurance

Interior

Heating
Heat Pump, See remarks
Cooling / A/C
Heat Pump
Fireplace
None

Exterior & Lot

Exterior features
Stucco

Parking

Features
Carport

Room Dimensions

RoomLevelDimensions
Full bathroomMain level
BedroomMain level12' x 9'
BedroomMain level9' x 9'
Primary BedroomMain level10'11'' x 12'5''
KitchenMain level12'9'' x 12'5''
Dining roomMain level9' x 9'
Living roomMain level14'3'' x 12'8''

Listing Information

MLS®
10380146
Listed
March 26, 2026
Time on market
On the market for 158 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty · Data source: CREA DDF.

Description

Charming 3Bed Rancher in a family friendly neighbourhood. Walking distance to the Blair Pond park, playground, pickleball, Green space. Great hiking in the area. Attached carport for easy parking. Private fenced backyard. Conveniently close to Watson Road Elementary, Dr. Knox Middle School & Watson Rd Elementary. Measurements are from I-Guide - Please verify if important. (id:63159)

Values & Trends

This listing

$865/sqft

Building average

No other active listings in this building

Glenmore average

$496/sqft

27 active listing(s)

Parking: Not indicatedStorage 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

11

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
Watson Road ElementaryElementary1.5 km
Dr Knox Middle SchoolMiddle2.5 km
Glenmore ElementaryElementary2.5 km
North Glenmore ElementaryElementary2.5 km
Bankhead ElementaryElementary3.0 km
The Balsam School(Independent)Elementary3.4 km
Central SecondarySecondary4.3 km
Central School ProgramsK-124.3 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 (4)

  • Blair Pond Park179 m
  • Avonlea Park523 m
  • Knox Mountain Park562 m
  • Lost Creek Park645 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($65,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$720,000.00
Periodic payment — Principal & Interest (monthly)$4,645.20
Additional monthly expenses (strata, tax, utilities, etc.)$548.88
Total monthly cost$5,194.07
Interest paid over 5-yr term$206,354.07
Balance at end of term$647,642.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$65,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,420.86

Cash Needed at Closing

Minimum down payment$65,000
Estimated BC PTT$16,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,500

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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