Property Type: Detached HouseOwnership: Freehold

3517 Lakeshore Road

Kelowna, BC V1W3K1

$3,963,000

5 bed7.5 bath4 parking4,600 sqftBuilt 2005
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.24 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$1,230

Interior

Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
None

Parking

Total spaces
4 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
BedroomSecond level10' x 12'
BedroomSecond level10' x 12'
4pc BathroomSecond level
4pc BathroomSecond level
Laundry roomSecond level7' x 9'
4pc BathroomSecond level
4pc BathroomSecond level
5pc BathroomSecond level
BedroomSecond level12' x 12'
BedroomSecond level12' x 12'
Primary BedroomSecond level12' x 21'
3pc BathroomMain level
4pc BathroomMain level
MediaMain level21'5'' x 11'8''
Exercise roomMain level10' x 15'2''
Dining roomMain level11'4'' x 11'4''
KitchenMain level20' x 21'
Dining roomMain level9'8'' x 15'
Living roomMain level17' x 20'

Listing Information

MLS®
10398489
Listed
August 24, 2026
Time on market
On the market for 7 days
Data last synced
August 28, 2026

Listing provided by: REMAX Kelowna · Data source: CREA DDF.

Description

A Development & Investment opportunity. Positioned in the heart of Lakeshore's recreational corridor. A unique opportunity to acquire a custom built designer home in one of the area's most desirable settings, located directly across from the areas most iconic lakefront properties. This exceptional offering combines current residential appeal with significant future development potential. Current MF-1 zoning offering flexibility for upscale infill and multi-family development. To be sold in conjunction with 3525/3527 Lakeshore Road, located immediately to the south and forms a part of a five -lot Land Assembly to the north and a four lot Land Assembly to the south. Whether envisioned as a luxury residential holding, a strategic redevelopment site, or part of a larger upscale multi-family project and offers an exceptional combination of location, zoning flexibility, and long term potential. (id:63159)

Values & Trends

This listing

$862/sqft

Building average

No other active listings in this building

Lower Mission average

$698/sqft

94 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

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

44

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 ElementaryElementary558 m
KLO Middle SchoolMiddle1.1 km
Raymer ElementaryElementary1.3 km
Kelowna SecondarySecondary1.3 km
Immaculata Regional High School(Independent)Secondary1.9 km
de l'Anse-au-sableK-122.1 km
Kelowna Christian School(Independent)K-122.5 km
A S Matheson 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 (4)

  • kb&co · 3477 Lakeshore Road119 m
  • Shore Line Brewing · 3477 Lakeshore Road163 m
  • T-ONE Restaurant · 3477 Lakeshore Road185 m
  • Bless'd Sips & Slices · 3377 Lakeshore Road320 m

Cafes (3)

  • Half Blind Bean Coffee434 m
  • Tim Hortons488 m
  • Starbucks730 m

Grocery (2)

  • Save-On-Foods595 m
  • Urban Fare705 m

Parks (5+)

  • Boyce-Gyro Beach Park210 m
  • Rotary Beach Park507 m
  • Watt Road Beach Access574 m
  • Fascieux Creek Wetland618 m
  • Watt Park749 m

Gyms (1)

  • The Athlete Den Training & Rehab Studio Inc. · 3320 Richter Street431 m

Pharmacies (1)

  • Pharmasave670 m

Banks & ATMs (1)

  • BMO666 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($792,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,170,400.00
Periodic payment — Principal & Interest (monthly)$20,454.34
Additional monthly expenses (strata, tax, utilities, etc.)$332.50
Total monthly cost$20,786.84
Interest paid over 5-yr term$908,645.75
Balance at end of term$2,851,785.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$792,600
Stress test qualifying rate8.09%
Payment you must qualify for$24,379.27

Cash Needed at Closing

Minimum down payment$792,600
Estimated BC PTT$116,150
Legal / closing costs (typical estimate)$1,500
Total cash needed$910,250

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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