Property Type: Detached HouseOwnership: Freehold

475 Collett Road

Kelowna, BC V1W1K8

$1,295,000

3 bed3.5 bath7 parking2,410 sqftBuilt 1974
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.23 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$5,841

Interior

Basement
Full
Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
Yes (2)
Fireplace type
Wood, Conventional
Flooring
Hardwood

Exterior & Lot

Exterior features
Stone, Stucco

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
7 — covered indicated
Features
Detached Garage, Carport, Rear, RV, Oversize, See Remarks

Room Dimensions

RoomLevelDimensions
Family roomLower level25'3'' x 18'3''
Laundry roomLower level12'5'' x 9'2''
Partial bathroomLower level8'3'' x 4'8''
Full ensuite bathroomLower level8'3'' x 10'0''
Primary BedroomLower level12'5'' x 13'5''
BedroomMain level12'3'' x 10'0''
BedroomMain level10'4'' x 13'5''
FoyerMain level11'1'' x 11'4''
Full bathroomMain level7'9'' x 7'3''
Dining roomMain level12'11'' x 8'11''
Living roomMain level14'5'' x 23'1''
KitchenMain level12'11'' x 12'2''

Listing Information

MLS®
10390506
Listed
June 9, 2026
Time on market
On the market for 83 days
Data last synced
August 28, 2026

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

Description

Enjoy the ultimate Okanagan lifestyle in this beautifully updated split-level home, ideally situated just a short stroll from the lake in one of Kelowna’s most desirable neighborhoods! Large windows invite natural light throughout the home, while warm wood flooring and feature fireplace create an inviting atmosphere. Renovated kitchen flows seamlessly into the dining & living areas, offering both functionality and style. Generous bedrooms offer comfort and privacy, including a spacious primary bedroom retreat. The updated bathroom has been beautifully finished with a freestanding soaker tub, glass-enclosed shower, & double vanity, creating a relaxing spa-like experience. Downstairs, a large recreation & games rm with an additional fireplace provides endless possibilities for family gatherings, media space or hobbies. Outside, the impressive detached shop adds tremendous value and flexibility, ideal for storage, projects, recreational equipment, or a dedicated workspace. The backyard enjoys a rare open feel thanks to the farmland backdrop, creating a peaceful setting that is increasingly difficult to find so close to the water. Offering a perfect blend of character, comfort, and location. (id:63159)

Values & Trends

This listing

$537/sqft

Building average

No other active listings in this building

Lower Mission average

$702/sqft

94 active listing(s)

Parking: 7 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

30

4/9 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
Lakeside School Kelowna(Independent)Elementary41 m
Anne McClymont ElementaryElementary755 m
Okanagan Mission SecondaryElementary1.1 km
Bellevue Creek ElementaryElementary1.5 km
Dorothea Walker ElementaryElementary1.5 km
de l'Anse-au-sableK-122.3 km
Chute Lake ElementaryElementary2.5 km
Canyon Falls Middle SchoolMiddle2.7 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)

  • DunnEnzies · 4638 Lakeshore Road311 m

Cafes (1)

  • Milk Shed · 4629 Lakeshore Road378 m

Grocery (1)

  • Sunshine Market289 m

Parks (4)

  • Collett Road Beach Access206 m
  • Farris Road Beach Access223 m
  • Cascia Linear Park305 m
  • Eldorado Road Beach Access591 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

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

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,036,000.00
Periodic payment — Principal & Interest (monthly)$6,683.92
Additional monthly expenses (strata, tax, utilities, etc.)$607.75
Total monthly cost$7,291.67
Interest paid over 5-yr term$296,920.58
Balance at end of term$931,885.35

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$104,500
Stress test qualifying rate8.09%
Payment you must qualify for$9,154.53

Cash Needed at Closing

Minimum down payment$104,500
Estimated BC PTT$23,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$129,900

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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