Property Type: Condo / ApartmentOwnership: Strata

1947 Underhill Street Unit# 502

Kelowna, BC V1X7K5

$575,000

1 bed2 bath1 parking1,237 sqftBuilt 2005
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$556/mo
Annual property tax
$2,483.74

Maintenance Fee Includes

WaterGarbageManagementHeat

Also included: Ground Maintenance, Other, See Remarks, Recreation Facilities, Reserve Fund Contributions, Sewer

Interior

Heating
Forced air, Electric
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Insert
Flooring
Tile, Laminate, Carpeted

Exterior & Lot

Exterior features
Brick
View
Mountain view, View (panoramic)
Pool
Outdoor pool

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Restrictions & Policies

Rentals
Allowed

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

Room Dimensions

RoomLevelDimensions
Laundry roomMain level6'4'' x 8'9''
OfficeMain level10'4'' x 12'3''
4pc Ensuite bathMain level10'4'' x 9'7''
Primary BedroomMain level20'2'' x 10'11''
3pc BathroomMain level6'4'' x 8'8''
KitchenMain level20'2'' x 8'8''
Dining roomMain level12'6'' x 13'10''
Living roomMain level15'3'' x 12'8''

Listing Information

MLS®
10398464
Listed
August 21, 2026
Time on market
On the market for 10 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Horizon Realty · Data source: CREA DDF.

Description

Perched on the 5th floor of the prestigious Park Place complex, this beautiful 1-bedroom + den, 2-bathroom suite offers an exceptional blend of comfort, lifestyle, and mountain-view living. Overlooking the seasonal outdoor pool and tennis courts, the northeast-facing orientation frames lovely mountain views that make morning coffee on the deck feel like a retreat. The unit has several updates — professionally painted, laminate flooring, stainless steel kitchen appliances, porcelain marble tile fireplace surround, and a refreshed primary ensuite with new counters and vanity cabinetry. The self-contained layout includes a dedicated laundry/utility room with in-suite washer and dryer, and a fully covered balcony with morning sun and a natural gas BBQ outlet — perfect for year-round enjoyment. Park Place is one of Kelowna's renowned strata communities, offering resort-style amenities: seasonal outdoor pool, pickleball/tennis courts, fitness room, library, guest suite, bike storage, car wash, workshop, plus amenity room w/theatre, pool table, and kitchen. Strata fees of $556.47/month include gas, cold water, garbage, and sewer. Secure underground parking stall (#50) and a large private storage locker are included. One pet welcome (cat or dog, 15"" at shoulder). Steps to Orchard Park Mall, Costco, Superstore, The Keg, and the Mission Creek Greenway, and public transportation. (id:63159)

Values & Trends

This listing

$465/sqft

Building average

No other active listings in this building

Springfield/Spall average

$522/sqft

62 active listing(s)

Parking: 1 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

56

7/9 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
Springvalley ElementaryElementary1.3 km
Springvalley Middle SchoolElementary1.3 km
Kelowna Arts Academy(Independent)K-122.3 km
Kelowna Christian School(Independent)K-122.4 km
Quigley ElementaryElementary2.5 km
Okanagan Montessori Elementary School(Independent)Elementary2.5 km
Flex Academy(Independent)K-122.5 km
Glenmore ElementaryElementary2.6 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 (5+)

  • The Keg · 1825 Underhill Street294 m
  • White Spot419 m
  • Milestones · 2121 Harvey Avenue455 m
  • Boston Pizza · 2339 Highway 97 North457 m
  • Perkins458 m

Cafes (5+)

  • Blenz Coffee · 2271 Harvey Avenue432 m
  • Cha House · 2271 Harvey Avenue459 m
  • Starbucks · 2281 Harvey Avenue481 m
  • Tim Hortons · 2271 Harvey Ave502 m
  • Starbucks587 m

Grocery (3)

  • Real Canadian Superstore · 2280 Baron Road291 m
  • Olivia's Oils & Vinegars · 2271 Harvey Avenue408 m
  • FreshCo · 500 Highway 97 North557 m

Shopping (4)

  • Marshalls109 m
  • Orchard Park Mall · 2271 Harvey Avenue427 m
  • Hudson's Bay · 2271 Harvey Avenue548 m
  • Unnamed555 m

Gyms (1)

  • Planet Fitness · 2271 Harvey Avenue305 m

Pharmacies (2)

  • Costco Pharmacy352 m
  • Shoppers Drug Mart · 2271 Harvey Avenue429 m

Banks & ATMs (5+)

  • BMO202 m
  • Scotiabank · 1835 Dilworth Drive328 m
  • TD · 2339 Highway 97 North533 m
  • CIBC · 2107 Harvey Avenue650 m
  • CIBC661 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.7% ($32,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$460,000.00
Periodic payment — Principal & Interest (monthly)$2,967.76
Additional monthly expenses (strata, tax, utilities, etc.)$825.45
Total monthly cost$3,793.21
Interest paid over 5-yr term$131,837.32
Balance at end of term$413,771.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$32,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,171.64

Cash Needed at Closing

Minimum down payment$32,500
Estimated BC PTT$9,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$43,500

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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