Property Type: Condo / ApartmentOwnership: Strata

3389 Lakeshore Road Unit# 314

Kelowna, BC V1W3S9

$869,000

2 bed2 bath1 parking967 sqftBuilt 2024
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Amenities

Also listed: Party Room, Sauna, Whirlpool

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$520/mo
Annual property tax
$3,810.58

Interior

Heating
Heat Pump
Cooling / A/C
Central air conditioning
Fireplace
None

Exterior & Lot

View
City view, Lake view, Mountain view
Waterfront
Waterfront on lake
Pool
Inground 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
BedroomMain level10'0'' x 12'0''
OtherMain level5'0'' x 6'9''
Laundry roomMain level3'0'' x 4'9''
Dining roomMain level11'10'' x 7'0''
4pc BathroomMain level5'0'' x 8'6''
4pc BathroomMain level9'0'' x 10'0''
KitchenMain level8'9'' x 13'0''
Primary BedroomMain level10'0'' x 12'0''
Living roomMain level11'10'' x 10'0''

Listing Information

MLS®
10391416
Listed
June 15, 2026
Time on market
On the market for 77 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

Turnkey investment opportunity at Caban by Cressey, one of Kelowna's premier beachfront communities and one of the few concrete buildings permitting short term rentals! Southwest facing and overlooking the resort style pool with deck views toward Gyro Beach and Okanagan Lake, this beautifully appointed 2 bedroom, 2 bathroom residence offers approximately 967 sq ft of thoughtfully designed living space with soaring 9'6"" ceilings and a split bedroom layout for added privacy. Offered fully furnished with over $35,000 in high end furnishings, this property is ready to generate income from day one. The signature Cressey Kitchen showcases premium integrated appliances including a 6 burner JennAir gas cooktop, wall oven, wine fridge, panel ready refrigerator and dishwasher, quartz countertops and custom Italian cabinetry. The spacious primary suite features floor to ceiling windows, direct patio access and a spa inspired ensuite complete with heated floors and a double vanity. Located in the heart of Lower Mission, directly across from Gyro Beach and steps to cafes, restaurants and shopping, Caban offers world class amenities including a 25 metre infinity lap pool, hot tub, Himalayan salt sauna, fitness centre, pool house with lounge and bistro seating, and a private cabana oasis with fire tables and spectacular lake and city views. Whether you're seeking a lock and leave vacation home or a lucrative Airbnb investment, this home delivers the ultimate Okanagan lifestyle. (id:63159)

Values & Trends

This listing

$899/sqft

Building average

$1,004/sqft

1 active listing(s)

Lower Mission average

$668/sqft

80 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

59

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
Casorso ElementaryElementary774 m
Raymer ElementaryElementary1.0 km
KLO Middle SchoolMiddle1.1 km
Kelowna SecondarySecondary1.3 km
Immaculata Regional High School(Independent)Secondary1.9 km
de l'Anse-au-sableK-122.3 km
A S Matheson ElementaryElementary2.4 km
Kelowna Christian School(Independent)K-122.5 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+)

  • Bless'd Sips & Slices · 3377 Lakeshore Road54 m
  • T-ONE Restaurant · 3477 Lakeshore Road92 m
  • Shore Line Brewing · 3477 Lakeshore Road104 m
  • kb&co · 3477 Lakeshore Road147 m
  • The Canadian Brewhouse · 3030 Pandosy Street746 m

Cafes (3)

  • Half Blind Bean Coffee218 m
  • Tim Hortons271 m
  • Starbucks486 m

Grocery (3)

  • Save-On-Foods361 m
  • Urban Fare485 m
  • Lakview Market742 m

Parks (5+)

  • Boyce-Gyro Beach Park126 m
  • Watt Road Beach Access318 m
  • Fascieux Creek Wetland455 m
  • Watt Park483 m
  • waterfront park735 m

Gyms (2)

  • The Athlete Den Training & Rehab Studio Inc. · 3320 Richter Street204 m
  • Orangetheory Fitness · 590 K.L.O. Road696 m

Pharmacies (1)

  • Pharmasave449 m

Banks & ATMs (3)

  • BMO419 m
  • TD592 m
  • RBC Royal Bank706 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($61,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$695,200.00
Periodic payment — Principal & Interest (monthly)$4,485.19
Additional monthly expenses (strata, tax, utilities, etc.)$885.16
Total monthly cost$5,370.35
Interest paid over 5-yr term$199,246.32
Balance at end of term$625,334.65

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$61,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,206.32

Cash Needed at Closing

Minimum down payment$61,900
Estimated BC PTT$15,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$78,780

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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