Property Type: OtherOwnership: Freehold

3490 Old Vernon Road

Kelowna, BC V1X6P3

$4,900,000

7 bed9 bath4 parking6,576 sqftBuilt 1966
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Property Details

Property & Lot

Sub-type
Other
Stories
2
Lot size
8.48 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$9,587

Interior

Basement
Full
Heating
See remarks
Cooling / A/C
Window air conditioner
Fireplace
None
Flooring
Laminate, Carpeted, Linoleum

Exterior & Lot

Exterior features
Vinyl siding
Lot features
Level lot, Private setting

Building

Roof
Asphalt shingle, Unknown
Water source
Irrigation District
Sewer
Septic tank
Parcel ID (PID)
007-944-951

Parking

Total spaces
4 — covered indicated
Features
Attached Garage, Carport

Room Dimensions

RoomLevelDimensions
Full bathroomThird level8'5''
Primary BedroomMain level16'4'' x 12'4''
Living roomMain level20'3'' x 12'5''
Laundry roomMain level9'5'' x 6'9''
KitchenMain level14'4'' x 12'5''
Dining roomMain level8'5'' x 12'5''
BedroomMain level9' x 12'4''
Full bathroomMain level5'7''
Utility roomLower level17'1'' x 10'10''
GymLower level47'10'' x 28'5''
Full bathroomLower level
Primary BedroomSecond level17'5'' x 14'2''
Laundry roomSecond level10'5'' x 4'6''
BedroomSecond level20'1'' x 15'3''
Full ensuite bathroomSecond level
Full ensuite bathroomSecond level
StorageSecond level8'11'' x 2'11''
Laundry roomSecond level8'5'' x 4'7''
BedroomSecond level11'11'' x 12'11''
BedroomSecond level8'5'' x 12'4''
Full ensuite bathroomSecond level7'9''
Full ensuite bathroomSecond level
Full ensuite bathroomSecond level
OtherMain level5'11'' x 12'
OfficeMain level13'9'' x 9'8''
Living roomMain level19'8'' x 13'10''
KitchenMain level19'9'' x 15'3''
KitchenMain level15'6'' x 16'3''
OtherMain level19'11'' x 19'
FoyerMain level13'2'' x 13'10''
FoyerMain level14'8'' x 12'7''
Dining roomMain level17' x 15'3''
Dining roomMain level13'7'' x 16'3''
Primary BedroomMain level11'11'' x 11'1''
Full ensuite bathroomMain level8'6''
Living roomMain level16'9'' x 16'7''

Listing Information

MLS®
10399156
Listed
September 1, 2026
Time on market
On the market for 11 days
Data last synced
September 8, 2026

Listing provided by: Oakwyn Realty Okanagan · Data source: CREA DDF.

Description

RARE OKANAGAN ESTATE OPPORTUNITY – 8.48 ACRES IN ELLISONA truly exceptional 8.48-acre private estate offering an unparalleled Okanagan lifestyle, multigenerational living, and income potential. This beautifully landscaped, park-like property features 3 homes, including a 1997 modular home and a second home with an in-law suite. The impressive 6,500+ sq. ft. custom main home offers 7 bedrooms 3 dens and 9 bathrooms, plus a large gym/recreation area. Additional features include 2 oversized garages, a 30’ x 84’ heated shop with 220 power and 3 oversized doors, numerous outbuildings and paddocks, full irrigation, and approximately 3 acres of producing cherry trees. With incredible space, privacy, and endless possibilities for family, agriculture, hobbies, or additional income, this is a rare opportunity to own a truly unique Okanagan estate. Must be viewed to fully appreciate all this property has to offer. Please do not enter the property without a confirmed appointment. (id:63159)

Values & Trends

This listing

$745/sqft

Building average

No other active listings in this building

Ellison average

$510/sqft

9 active listing(s)

Parking: 4 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

Mainly Sunny

20°C

Mainly Sunny

Humidity 33%

Wind NNW 21 km/h

Tonight

Sunday

22°

Sunday night

Monday

23°

Monday night

11°

Tuesday

20°

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 ElementaryElementary818 m
Aberdeen Hall Preparatory School(Independent)K-122.7 km
Rutland ElementaryElementary4.2 km
Rutland Middle SchoolMiddle4.5 km
Rutland Senior SecondaryElementary4.5 km
Pearson Road ElementaryElementary4.8 km
Dr Knox Middle SchoolMiddle5.2 km
North Glenmore ElementaryElementary5.3 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($980,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,920,000.00
Periodic payment — Principal & Interest (monthly)$25,290.51
Additional monthly expenses (strata, tax, utilities, etc.)$1,127.92
Total monthly cost$26,418.43
Interest paid over 5-yr term$1,123,483.27
Balance at end of term$3,526,052.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$980,000
Stress test qualifying rate8.09%
Payment you must qualify for$30,143.43

Cash Needed at Closing

Minimum down payment$980,000
Estimated BC PTT$163,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,144,500

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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