1403 Cherry Crescent E
Kelowna, BC V1Y3Y2
$2,360,184
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 0.21 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,515
Interior
- Heating
- No heat
- Fireplace
- None
Parking
- Features
- Surfaced
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 5' x 5' |
| Bedroom | Main level | 10'0'' x 10'0'' |
| Full bathroom | Main level | 5'0'' x 5'0'' |
| Bedroom | Main level | 10'0'' x 13'0'' |
| Primary Bedroom | Main level | 10'0'' x 14'0'' |
| Kitchen | Main level | 11' x 9'0'' |
| Living room | Main level | 10'0'' x 12'0'' |
Listing Information
- MLS®
- 10366504
- Listed
- October 22, 2025
- Time on market
- On the market for 313 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty of Canada, Inc. · Data source: CREA DDF.
Description
Prime development opportunity in the heart of Kelowna’s urban core! Situated along the Bernard Avenue Transit Supportive Corridor (TSC), this property offers exceptional potential for apartment development under current zoning guidelines. Just steps from the highly anticipated new Parkinson Recreation Centre and minutes to downtown, this site is ideally located in a rapidly evolving, transit-oriented area within the Glenmore neighbourhood. The flat lot and central location make it a strong candidate for multi-unit residential, apartment, or mixed-use development. (id:63159)
Values & Trends
This listing
$1,183/sqft
Building average
—
No other active listings in this building
Glenmore average
$620/sqft
61 active listing(s)
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
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
3/9 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
| School | Type | Distance |
|---|---|---|
| Bankhead Elementary | Elementary | 906 m |
| Glenmore Elementary | Elementary | 1.1 km |
| A S Matheson Elementary | Elementary | 1.9 km |
| St Joseph Elementary School(Independent) | Elementary | 2.0 km |
| Central Secondary | Secondary | 2.1 km |
| Central School Programs | K-12 | 2.1 km |
| The Balsam School(Independent) | Elementary | 2.3 km |
| Watson Road Elementary | Elementary | 2.8 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
Restaurants (2)
- Browns Social House - Harvey · 1544 Harvey Avenue761 m
- IHOP · 1950 Harvey Avenue789 m
Parks (5+)
- Parkinson Recreation Park388 m
- Jack Robertson Memorial Park393 m
- Duggan Park460 m
- Bankhead Park655 m
- Lombardy Park658 m
Banks & ATMs (2)
- Coast Capital Savings · 1544 Harvey Avenue735 m
- Buster's Pizza & Donair - Kelowna - Bitcoin Well ATM · 1607 Sutherland Avenue774 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($472,037) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.