Property Type: Detached HouseOwnership: FreeholdNEW LISTING

348 Phipps Crescent

Kelowna, BC V1X7N8

$849,000

4 bed3.5 bath2 parking2,297 sqftBuilt 1996
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.2 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,969.35

Interior

Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (2)
Fireplace type
Gas, Unknown
Appliances
Washer, Refrigerator, Cooktop - Electric, Dishwasher, Dryer, Microwave, Oven - Built-In

Exterior & Lot

Exterior features
Stucco
View
Mountain view

Building

Roof
Asphalt shingle, Unknown
Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
018-987-443

Parking

Total spaces
2 — covered indicated
Features
Attached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
Full bathroomSecond level8'1'' x 8'4''
Full ensuite bathroomSecond level9'0'' x 9'4''
OtherSecond level9'0'' x 6'1''
Living roomMain level18'4'' x 12'6''
Dining roomMain level12'7'' x 10'9''
KitchenMain level12'2'' x 15'10''
Family roomMain level12'3'' x 13'2''
Dining nookMain level6'11'' x 9'10''
Partial bathroomMain level6'1'' x 3'0''
Laundry roomMain level5'3'' x 8'2''
FoyerMain level4'2'' x 5'10''
OfficeMain level8'7'' x 9'3''
Primary BedroomSecond level17'5'' x 15'9''
BedroomSecond level9'0'' x 11'7''
BedroomSecond level16'2'' x 10'1''
BedroomSecond level10'5'' x 10'4''

Listing Information

MLS®
10398886
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
August 29, 2026

Listing provided by: Stonehaus Realty Corp. · Data source: CREA DDF.

Description

Welcome to 348 Phipps Crescent, a well-appointed home offering 2 living areas, large bedrooms and a generous backyard in a convenient Kelowna location. The main level features maple hardwood and granite tile flooring, while the upper level combines hardwood, tile, and carpet throughout. Heated flooring in the main bathroom and ensuite adds an extra touch of comfort. The home is designed for both everyday living and entertaining, with double garden doors from the breakfast nook and family room opening onto multiple patio areas and the spacious backyard. An outdoor kitchen with built-in BBQ extends the living space outside and creates a great setting for summer gatherings. Additional upgrades include a 2024 air conditioning system, on-demand hot water, and replacement of the original Poly-B plumbing with PEX for added peace of mind. Located just a short walk from nearby recreation facilities and close to the YMCA, temple, parks, shopping, schools, and everyday amenities, this property offers excellent convenience for families and investors alike. The property is currently tenant-occupied on a month-to-month tenancy, providing flexibility for both investors and future owner-occupiers. (id:63159)

Values & Trends

This listing

$370/sqft

Building average

No other active listings in this building

Rutland North average

$515/sqft

84 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

15

2/9 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
Rutland Middle SchoolMiddle510 m
Rutland Senior SecondaryElementary575 m
Rutland ElementaryElementary659 m
Pearson Road ElementaryElementary1.2 km
South Rutland ElementaryElementary1.6 km
Flex Academy(Independent)K-122.0 km
Kelowna Arts Academy(Independent)K-122.2 km
Belgo Elementary SchoolElementary2.2 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 (1)

  • Jaide & Joel's Baking Company · 555 Montgomery Road790 m

Parks (5+)

  • Sumac Park124 m
  • Wigglesworth Park407 m
  • Rutland Recreation Park502 m
  • Edith Gay Park664 m
  • Harris Park679 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.1% ($59,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$679,200.00
Periodic payment — Principal & Interest (monthly)$4,381.97
Additional monthly expenses (strata, tax, utilities, etc.)$529.11
Total monthly cost$4,911.08
Interest paid over 5-yr term$194,660.67
Balance at end of term$610,942.60

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$59,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,067.90

Cash Needed at Closing

Minimum down payment$59,900
Estimated BC PTT$14,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$76,380

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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