Property Type: Condo / ApartmentOwnership: Strata

4205 Gellatly Road Unit# 241 Lot# 75

West Kelowna, BC V4T2K2

$499,900

2 bed3.5 bath1 parking933 sqftBuilt 2006
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Amenities

Also listed: Storage - Locker, Recreation Centre, Whirlpool, Cable TV, Racquet Courts

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$750/mo
Annual property tax
$2,138.46

Interior

Heating
Geothermal
Cooling / A/C
Geothermal
Fireplace
Yes (1)
Fireplace type
Unknown, Decorative
Flooring
Vinyl

Exterior & Lot

Waterfront
Waterfront on lake
Pool
Inground pool

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Parkade

Restrictions & Policies

Rentals
Allowed

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

Room Dimensions

RoomLevelDimensions
Dining roomMain level6'5'' x 12'6''
BedroomMain level11'8'' x 12'8''
4pc Ensuite bathMain level5' x 9'8''
2pc BathroomMain level4'4'' x 4'5''
4pc BathroomMain level5' x 8'
Primary BedroomMain level12' x 12'
Living roomMain level12' x 17'
KitchenMain level7' x 9'

Listing Information

MLS®
10371787
Listed
January 9, 2026
Time on market
On the market for 234 days
Data last synced
August 28, 2026

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

Description

Welcome to West Kelowna's premier lakeside resort! Located in the heart of wine country, this turnkey (all furnishings included) property is ideal as a residence, vacation getaway, or as a rental investment opportunity. This spacious 2-bedroom, 2.5 bathroom condo offers fabulous comfort and flexibility with a lock-off bedroom, perfect for guests or added privacy. The kitchen offers newer, modern appliances, ample counter space, and an open-concept design to the bright living room and private balcony. A spacious primary bedroom with ensuite awaits. The second bedroom and full bathroom can be locked off for additional privacy. Whether you're sipping beverages on your balcony, or enjoying the water and the world class resort amenities, life at The Cove is spectacular. The amenities include 2 outdoor pools, 2 hot tubs, a putting green, a games room, a theatre, an onsite spa, a reputable restaurant, fire pits, a tennis court, a private beach, and access to a marina for your boat. With world class wineries, restaurants and shopping just minutes away in West Kelowna or Kelowna, this property can be your investment in the Okanagan. Book your showing today. (id:63159)

Values & Trends

This listing

$536/sqft

Building average

$487/sqft

5 active listing(s)

Westbank Centre average

$478/sqft

106 active listing(s)

Parking: 1 stall(s) includedStorage locker: Included

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

Nearest station: Kelowna

Clear

12°C

Clear

Humidity 88%

Wind ENE 5 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

36,078

(2021 Census)

+10.5% since 2016

Density: 295.5/km²

Dwellings: 14,746

Median household income: $99,000

After-tax: $87,000

Immigrant population: 13.5%

Top countries of origin (% of total population)

  • United Kingdom2.9% · 1,040
  • Germany1.3% · 485
  • United States of America1% · 350
  • Philippines0.7% · 260
  • Poland0.6% · 200
  • Netherlands0.5% · 190
  • India0.5% · 190
  • South Africa, Republic of0.4% · 145

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

22

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
Our Lady of Lourdes(Independent)Elementary/Middle2.0 km
Webber Road ElementaryElementary2.9 km
Glenrosa Middle SchoolMiddle3.6 km
Sensisyusten House of Learning(Independent)Elementary3.8 km
Glenrosa ElementaryElementary3.9 km
Chief Tomat ElementaryElementary4.2 km
Shannon Lake ElementaryElementary4.6 km
Helen Gorman ElementaryElementary5.2 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)

  • Bonfire Restaurant54 m

Parks (5+)

  • Gellatly Landing Park46 m
  • Gellatly Nut Farm Regional Park173 m
  • Marina Park360 m
  • Beechnut Park381 m
  • Rotary Trails500 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,920.00
Periodic payment — Principal & Interest (monthly)$2,580.15
Additional monthly expenses (strata, tax, utilities, etc.)$975.24
Total monthly cost$3,555.38
Interest paid over 5-yr term$114,618.22
Balance at end of term$359,729.33

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,995
Stress test qualifying rate8.09%
Payment you must qualify for$3,651.85

Cash Needed at Closing

Minimum down payment$24,995
Estimated BC PTT$7,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,493

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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