Property Type: TownhouseOwnership: Strata

500 Lester Road Unit# 1

Kelowna, BC V1X6E2

$479,900

3 bed3 bath2 parking2,293 sqftBuilt 1980
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Stories
3

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$402/mo
Annual property tax
$2,439

Interior

Heating
Baseboard heaters
Fireplace
None

Exterior & Lot

Exterior features
Stucco

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
2 — covered indicated
Features
Carport

Restrictions & Policies

Pets
Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
StorageBasement13'1'' x 4'5''
OtherBasement23'11'' x 17'
3pc BathroomBasement12'10'' x 11'5''
Laundry roomSecond level7'1'' x 6'5''
4pc BathroomSecond level9'8'' x 8'10''
3pc Ensuite bathSecond level5'11'' x 5'6''
BedroomSecond level10'10'' x 9'
BedroomSecond level13'10'' x 10'5''
Primary BedroomSecond level13'5'' x 11'6''
Living roomMain level13'8'' x 17'2''
KitchenMain level18'8'' x 17'2''
Dining roomMain level11'8'' x 10'8''

Listing Information

MLS®
10391117
Listed
June 11, 2026
Time on market
On the market for 81 days
Data last synced
August 28, 2026

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

Description

Welcome to this beautifully maintained 3-bedroom, 3-bathroom end-unit townhouse, ideally situated in a highly desirable central location. Offering an exceptional blend of comfort, functionality, and convenience, this home is perfectly suited for families, professionals, or those seeking flexible work-from-home space. The main level is designed for modern living and entertaining, featuring an open-concept layout highlighted by a chef-inspired kitchen, spacious living area, and seamless access to a private patio—ideal for outdoor dining and relaxation. The upper level offers three generously sized bedrooms, including a well-appointed primary retreat with a walk-in closet and 4-piece ensuite. A second bedroom also features a walk-in closet, while an additional full bathroom, convenient laundry room, and private balcony complete the upper floor. The lower level provides a substantial unfinished workshop or flex space, offering endless possibilities for a home gym, recreation room, studio, or additional storage. A separate bathroom creates a private space to relax and recharge. Additional features include a two-stall carport and access to a large common play area within the complex. Ideally located just minutes from Ben Lee Park, Spring Valley Elementary, shopping, recreation, transit, and all essential amenities, this exceptional property presents a rare opportunity to enjoy convenient, low-maintenance living. (Proposed Townhomes/condo complex going in across the street.) (id:63159)

Values & Trends

This listing

$209/sqft

Building average

$250/sqft

1 active listing(s)

Rutland North average

$362/sqft

19 active listing(s)

Parking: 2 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

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

22

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
Kelowna Arts Academy(Independent)K-12301 m
Flex Academy(Independent)K-12694 m
Springvalley Middle SchoolElementary1.1 km
Pearson Road ElementaryElementary1.1 km
Springvalley ElementaryElementary1.2 km
Quigley ElementaryElementary1.8 km
Rutland Middle SchoolMiddle2.0 km
Rutland Senior SecondaryElementary2.1 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

Restaurants (1)

  • Bluetail Sushi · #102-1675 Commerce Avenue377 m

Cafes (1)

  • Starbucks170 m

Parks (2)

  • Unnamed569 m
  • Ben Lee Park669 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$383,920.00
Periodic payment — Principal & Interest (monthly)$2,476.92
Additional monthly expenses (strata, tax, utilities, etc.)$720.07
Total monthly cost$3,196.99
Interest paid over 5-yr term$110,032.58
Balance at end of term$345,337.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,995
Stress test qualifying rate8.09%
Payment you must qualify for$3,505.75

Cash Needed at Closing

Minimum down payment$23,995
Estimated BC PTT$7,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,093

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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