Property Type: Condo / ApartmentOwnership: Strata

1259 Rio Drive

Kelowna, BC V1V1E2

$999,000

4 bed4.5 bath2 parking2,319 sqftBuilt 2021
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.14 acres

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$300/mo
Annual property tax
$4,695.47

Maintenance Fee Includes

Also included: Insurance

Interior

Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Tile, Carpeted, Vinyl

Parking

Total spaces
2 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
Utility roomBasement5' x 19'8''
Recreation roomBasement13'7'' x 15'3''
BedroomBasement10'4'' x 9'6''
4pc BathroomBasement5'6'' x 7'6''
OtherSecond level10'10'' x 5'11''
BedroomSecond level10'10'' x 9'8''
BedroomSecond level10'9'' x 9'8''
Primary BedroomSecond level10'11'' x 13'10''
4pc BathroomSecond level7'9'' x 8'3''
3pc Ensuite bathSecond level10'11'' x 8'3''
Living roomMain level14'7'' x 13'6''
KitchenMain level9'10'' x 15'6''
OtherMain level19'6'' x 19'10''
Dining roomMain level5'11'' x 8'10''
2pc BathroomMain level6'1'' x 4'11''

Listing Information

MLS®
10379632
Listed
March 20, 2026
Time on market
On the market for 164 days
Data last synced
August 28, 2026

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

Description

Newer Craftsman style 4 bed, 3.5 bath home in a friendly, family oriented neighbourhood. Custom built with large windows that fill the home with natural light, this residence offers a warm and welcoming feel throughout. The south facing backyard is fenced and private, perfect for relaxing or entertaining. A double car garage provides plenty of space for vehicles and storage. Enjoy the nearby neighbourhood park Blair Pond Park featuring pickleball courts and a playground. Conveniently located close to Watson Road Elementary School, Dr. Knox Middle School, and Kelowna Secondary School, making it an excellent choice for families. Measurements are from I- Guide - please verify if important. 2 Property -Strata is self managed and $300 per month for Property Insurance. (id:63159)

Values & Trends

This listing

$431/sqft

Building average

No other active listings in this building

Glenmore average

$512/sqft

27 active listing(s)

Parking: 2 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

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

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 Park178 m
  • Avonlea Park525 m
  • Knox Mountain Park559 m
  • Lost Creek Park649 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$799,200.00
Periodic payment — Principal & Interest (monthly)$5,156.17
Additional monthly expenses (strata, tax, utilities, etc.)$807.29
Total monthly cost$5,963.46
Interest paid over 5-yr term$229,053.02
Balance at end of term$718,882.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,106.01

Cash Needed at Closing

Minimum down payment$74,900
Estimated BC PTT$17,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,380

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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