Property Type: Detached HouseOwnership: Freehold

425 Glenwood Avenue

Kelowna, BC V1Y5L9

$1,299,900

3 bed2 bath1,925 sqftBuilt 1953
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Property Details

Property & Lot

Sub-type
House
Stories
2

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,155.71

Interior

Heating
Forced air, See remarks
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Flooring
Tile, Hardwood, Laminate, Mixed Flooring

Exterior & Lot

Exterior features
Stone, Stucco, Wood siding

Building

Roof
Asphalt shingle, Unknown

Parking

Features
Rear

Room Dimensions

RoomLevelDimensions
KitchenMain level11'2'' x 10'11''
Living roomMain level15'5'' x 13'8''
Full bathroomAdditional Accommodation
BedroomAdditional Accommodation12'4'' x 10'4''
Laundry roomBasement3'1'' x 4'1''
Dining roomAdditional Accommodation5'6'' x 8'7''
Family roomBasement12'6'' x 14'1''
KitchenAdditional Accommodation10'7'' x 14'
3pc BathroomMain level
BedroomMain level12'9'' x 10'7''
Primary BedroomMain level9' x 11'7''
Dining roomMain level8'3'' x 11'7''

Listing Information

MLS®
10369922
Listed
November 25, 2025
Time on market
On the market for 279 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty of Canada, Inc. · Data source: CREA DDF.

Description

Welcome to this rare opportunity of prime development property with huge potential in the prestigious Kelowna South. With recent zoning changed to MF4, this property offers tremendous potential for redevelopment, ranging from infill housing to six-story apartments. Ideally located just few steps away from Kelowna General Hospital, pristine beaches, Abbott Corridor, and only minutes from downtown and the vibrant Pandosy Village, this home is at the heart of everything you need. The current home features two spacious bedrooms upstairs and a 1 bedroom in-law suite downstairs. The basement suite includes its own laundry and a private entrance. The entire home is rented to month-to-month tenants. This property with Rear laneway access is ideal for rental income while it awaits redevelopment. (id:63159)

Values & Trends

This listing

$675/sqft

Building average

No other active listings in this building

Kelowna South average

$756/sqft

80 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

26

3/9 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
St Joseph Elementary School(Independent)Elementary796 m
Central School ProgramsK-12837 m
Central SecondarySecondary837 m
A S Matheson ElementaryElementary1.1 km
Raymer ElementaryElementary1.2 km
Kelowna SecondarySecondary1.7 km
The Balsam School(Independent)Elementary1.9 km
KLO Middle SchoolMiddle2.1 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

Cafes (1)

  • Abbott St. Cafe294 m

Parks (5+)

  • Cadder Avenue Beach Access303 m
  • Royal Avenue Beach Access330 m
  • Strathcona Beach Park362 m
  • Burne Avenue Beach Access369 m
  • Beach Avenue Beach Access530 m

Pharmacies (1)

  • Remedy'sRx192 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($104,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,039,920.00
Periodic payment — Principal & Interest (monthly)$6,709.21
Additional monthly expenses (strata, tax, utilities, etc.)$442.31
Total monthly cost$7,151.52
Interest paid over 5-yr term$298,044.06
Balance at end of term$935,411.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,990
Stress test qualifying rate8.09%
Payment you must qualify for$9,188.44

Cash Needed at Closing

Minimum down payment$104,990
Estimated BC PTT$23,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$130,488

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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