Property Type: Detached HouseOwnership: Freehold

3531 Lakeshore Road

Kelowna, BC V1W3K1

$1,982,000

3 bed1 bath1,606 sqftBuilt 1960
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.25 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,259.52

Interior

Heating
Baseboard heaters
Fireplace
None

Room Dimensions

RoomLevelDimensions
Full bathroomMain level
BedroomMain level9' x 14'
BedroomMain level10' x 11'
Primary BedroomMain level11' x 12'
Dining roomMain level10' x 11'
Living roomMain level15' x 21'
KitchenMain level11' x 11'

Listing Information

MLS®
10366520
Listed
October 22, 2025
Time on market
On the market for 313 days
Data last synced
August 28, 2026

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

Description

3 bedroom, no step Rancher located in a recreational corridor of Lakeshore Road in the Lower Mission. Across the street from the most iconic Lakefront properties. Zoned MF-1 (Infill housing) offering flexibility for either the boutiques developer, investor group or high end recreational/urban living, with a Land Assembly, that aligns with Kelowna's OCP goals. (id:63159)

Values & Trends

This listing

$1,234/sqft

Building average

No other active listings in this building

Lower Mission average

$694/sqft

94 active listing(s)

Parking: Not indicatedStorage 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 ElementaryElementary533 m
KLO Middle SchoolMiddle1.1 km
Raymer ElementaryElementary1.3 km
Kelowna SecondarySecondary1.4 km
Immaculata Regional High School(Independent)Secondary1.9 km
de l'Anse-au-sableK-122.0 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 Road175 m
  • Shore Line Brewing · 3477 Lakeshore Road219 m
  • T-ONE Restaurant · 3477 Lakeshore Road244 m
  • Bless'd Sips & Slices · 3377 Lakeshore Road376 m

Cafes (3)

  • Half Blind Bean Coffee493 m
  • Tim Hortons546 m
  • Starbucks789 m

Grocery (2)

  • Save-On-Foods653 m
  • Urban Fare763 m

Parks (5+)

  • Boyce-Gyro Beach Park254 m
  • Rotary Beach Park448 m
  • Watt Road Beach Access626 m
  • Fascieux Creek Wetland672 m
  • Waterfront Walkway - El Dorado Hotel/Manteo Resort731 m

Gyms (1)

  • The Athlete Den Training & Rehab Studio Inc. · 3320 Richter Street489 m

Pharmacies (1)

  • Pharmasave728 m

Banks & ATMs (1)

  • BMO724 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($396,400) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,585,600.00
Periodic payment — Principal & Interest (monthly)$10,229.75
Additional monthly expenses (strata, tax, utilities, etc.)$434.96
Total monthly cost$10,664.71
Interest paid over 5-yr term$454,437.52
Balance at end of term$1,426,252.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$396,400
Stress test qualifying rate8.09%
Payment you must qualify for$12,192.71

Cash Needed at Closing

Minimum down payment$396,400
Estimated BC PTT$37,640
Legal / closing costs (typical estimate)$1,500
Total cash needed$435,540

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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