Property Type: Detached HouseOwnership: Freehold

3481 Old Vernon Road Unit# 18

Kelowna, BC V1X6Z6

$489,000

2 bed2 bath3 parking1,336 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.11 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$150/mo
Annual property tax
$2,143

Maintenance Fee Includes

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

Interior

Basement
Crawl space, Cellar
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Unknown, Decorative
Flooring
Hardwood, Carpeted, Linoleum

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
3 — covered indicated
Features
Attached Garage

Restrictions & Policies

Age / occupancy
Adult-oriented (no young children), Seniors-oriented community

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

Room Dimensions

RoomLevelDimensions
DenMain level9'4'' x 9'4''
4pc BathroomMain level4'11'' x 9'4''
BedroomMain level7'8'' x 9'4''
3pc Ensuite bathMain level5'11'' x 8'1''
Primary BedroomMain level12' x 12'7''
Laundry roomMain level12'5'' x 9'7''
Dining nookMain level9'9'' x 8'
Family roomMain level10'4'' x 10'6''
Living roomMain level17'1'' x 12'11''
KitchenMain level9'6'' x 9'2''

Listing Information

MLS®
10392823
Listed
July 8, 2026
Time on market
On the market for 54 days
Data last synced
August 28, 2026

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

Description

BEAUTIFULLY SITUATED 3 BEDROOM RANCHER on it's own land in Ellison! Located in Desirable ""Country Lane"", a meticulously maintained 55+ Adult Bare Land strata development. A lovely ""stick built"" home (not manafactured) by Pentar homes. This home offer ample size, lots of storage, tons of garage and workshop space and is on a Manicured mature landscaped lot backing onto the greenscape common grounds ...i t is a true gardener's delight! European cabinets in U shaped kitchen. Built in oven and newer cooktop stove, bullnose counters and tiled back splash. Dining area seamlessly flows to the peaceful and private covered patio and backyard for easy inside/outside living. Family room area or include the space with the nook for your large dining room set. Big separate Living room with gas corner fireplace and Oak Hardwood floors. Huge mudroom - laundry room off an extra large single garage with room for storage and workshop. 4 piece main bathroom. Large primary bedroom with 3 piece Ensuite. 3 Bedrooms (1 without a closet). Pantry/storage room. 2021 Hi Eff gas furnace in 6' cellar. Central air for summer comfort. This home is perfect for affordable adult living, offering lots of space, a gorgeous yard, private quiet setting and lots of garage space for the tools. 6' High cellar crawl space for 2021 Hi Eff furnace, 3' crawl for rest. Poly b piping. Quick possession possible. (id:63159)

Values & Trends

This listing

$366/sqft

Building average

No other active listings in this building

Ellison average

$547/sqft

15 active listing(s)

Parking: 3 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.

Nearby Schools

SchoolTypeDistance
Ellison ElementaryElementary511 m
Aberdeen Hall Preparatory School(Independent)K-123.0 km
Rutland ElementaryElementary4.3 km
Rutland Middle SchoolMiddle4.6 km
Rutland Senior SecondaryElementary4.7 km
Pearson Road ElementaryElementary5.0 km
Dr Knox Middle SchoolMiddle5.6 km
North Glenmore ElementaryElementary5.6 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.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$391,200.00
Periodic payment — Principal & Interest (monthly)$2,523.89
Additional monthly expenses (strata, tax, utilities, etc.)$395.58
Total monthly cost$2,919.47
Interest paid over 5-yr term$112,119.04
Balance at end of term$351,885.67

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,450
Stress test qualifying rate8.09%
Payment you must qualify for$3,572.23

Cash Needed at Closing

Minimum down payment$24,450
Estimated BC PTT$7,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,730

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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