Property Type: Detached HouseOwnership: Freehold

5054 Chute Lake Crescent

Kelowna, BC V1W4L9

$1,099,000

4 bed3 bath6 parking2,238 sqftBuilt 1973
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.34 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,049.4

Interior

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

Exterior & Lot

View
City view, Mountain view, Valley view, View of water, View (panoramic), Unknown

Building

Roof
Vinyl Shingles, Unknown

Parking

Total spaces
6 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
KitchenMain level12'5'' x 11'5''
Family roomBasement20'1'' x 23'1''
3pc BathroomBasement5'9'' x 6'10''
BedroomBasement15'3'' x 11'7''
BedroomBasement12'3'' x 11'1''
4pc BathroomMain level8'5'' x 6'5''
BedroomMain level16'0'' x 10'2''
Dining roomMain level9'1'' x 11'5''
Living roomMain level17'11'' x 13'10''
3pc Ensuite bathMain level8'5'' x 4'5''
Primary BedroomMain level12'6'' x 11'3''

Listing Information

MLS®
10396346
Listed
July 31, 2026
Time on market
On the market for 31 days
Data last synced
August 28, 2026

Listing provided by: Realty One Real Estate Ltd · Data source: CREA DDF.

Description

Set on .34 acres in Kelowna’s highly prestigious Upper Mission and one of the city’s most desirable school catchments, this beautifully renovated home offers an exceptional family lifestyle. Imagine summer evenings spent on the covered deck with the kids running freely through the large flat backyard or weekends filled with entertaining family & friends. The fully landscaped, fully irrigated, and meticulously maintained backyard is perfect for kids, pets, games and gardening and is already wired for a hot tub. A large driveway, RV parking and garage provide exceptional parking and storage flexibility. Inside, the home offers four bedrooms, two upstairs including an ensuite off the primary with walk in shower, and two downstairs, making it ideal for a growing family, home office, or guests with suite potential. Two fireplaces create cozy gathering spaces, while thoughtful updates throughout include a new 200-amp electrical service, new hot water on demand, and newer furnace and A/C. The kitchen has been updated with quartz countertops and newer cabinetry, that match the updated flat ceilings and maple hardwood flooring. This is a rare combination of space, updates, parking and an incredible backyard lifestyle, all in one of Kelowna’s most family friendly neighbourhoods. This is the kind of home where you can settle in, grow and make memories for years to come! (id:63159)

Values & Trends

This listing

$491/sqft

Building average

No other active listings in this building

Upper Mission average

$874/sqft

64 active listing(s)

Parking: 6 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

11

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
Chute Lake ElementaryElementary917 m
Lakeside School Kelowna(Independent)Elementary1.8 km
Okanagan Mission SecondaryElementary2.2 km
Anne McClymont ElementaryElementary2.3 km
Bellevue Creek ElementaryElementary2.3 km
Canyon Falls Middle SchoolMiddle2.4 km
Dorothea Walker ElementaryElementary3.0 km
de l'Anse-au-sableK-124.0 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)

  • Summerhill Winery614 m

Parks (2)

  • Rembler Creek Park453 m
  • Southridge Open Space591 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.7% ($84,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$879,200.00
Periodic payment — Principal & Interest (monthly)$5,672.30
Additional monthly expenses (strata, tax, utilities, etc.)$449.45
Total monthly cost$6,121.75
Interest paid over 5-yr term$251,981.25
Balance at end of term$790,843.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$84,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,798.07

Cash Needed at Closing

Minimum down payment$84,900
Estimated BC PTT$19,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$106,380

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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