Property Type: Land / LotOwnership: Freehold

4573 Gordon Drive

Kelowna, BC V1W1T3

$990,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.17 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,970

Interior

Fireplace
None

Listing Information

MLS®
10378476
Listed
March 24, 2026
Time on market
On the market for 160 days
Data last synced
August 28, 2026

Listing provided by: Realtymonx · Data source: CREA DDF.

Description

Rare opportunity to develop up to four dwellings in a new subdivision in Lower Mission. This level, vacant, and fully serviced lot is ready for development and already benefits from a fully constructed rear drive lane, adding convenience and design flexibility. A newly constructed triplex on a virtually identical neighbouring lot offers a great example of development potential, with design and layout plans available to interested buyers. Enjoy a highly walkable location just steps to Okanagan Mission School and minutes to beaches, parks, wineries, trails, restaurants, shopping centres, and the H2O Adventure + Fitness Centre. (id:63159)

Location Insights

Weather

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

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

4

1/9 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
Okanagan Mission SecondaryElementary238 m
Bellevue Creek ElementaryElementary270 m
Anne McClymont ElementaryElementary648 m
Dorothea Walker ElementaryElementary1.0 km
Lakeside School Kelowna(Independent)Elementary1.2 km
Canyon Falls Middle SchoolMiddle1.8 km
de l'Anse-au-sableK-122.0 km
Chute Lake ElementaryElementary3.1 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

Parks (1)

  • Mission Ridge Park781 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$792,000.00
Periodic payment — Principal & Interest (monthly)$5,109.72
Additional monthly expenses (strata, tax, utilities, etc.)$164.17
Total monthly cost$5,273.88
Interest paid over 5-yr term$226,989.48
Balance at end of term$712,406.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,043.72

Cash Needed at Closing

Minimum down payment$74,000
Estimated BC PTT$17,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$93,300

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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