Property Type: Condo / ApartmentOwnership: Strata

515 Houghton Road Unit# 109

Kelowna, BC V1X7P9

$350,000

1 bed1 bath1 parking816 sqftBuilt 2006
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Amenities

Also listed: Storage - Locker, Recreation Centre, Clubhouse

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$385/mo
Annual property tax
$1,751.37

Maintenance Fee Includes

WaterGarbageManagement

Also included: Ground Maintenance, Insurance, Other, See Remarks, Recreation Facilities, Reserve Fund Contributions, Sewer

Interior

Heating
Baseboard heaters
Cooling / A/C
Wall unit
Fireplace
None
Flooring
Laminate, Linoleum

Exterior & Lot

Exterior features
Vinyl siding

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Parkade

Restrictions & Policies

Pets
Allowed, 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
Dining roomMain level6'9'' x 12'3''
FoyerMain level4'7'' x 11'5''
Full bathroomMain level11'9'' x 12'2''
Primary BedroomMain level17' x 10'4''
Living roomMain level14'7'' x 12'8''
KitchenMain level10'10'' x 8'7''

Listing Information

MLS®
10383745
Listed
April 16, 2026
Time on market
On the market for 137 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Downsizers and first-time home buyers, this one is made for you! Beautifully updated 1 bed / 1 bath condo in the highly desirable Magnolia Gardens offers the perfect blend of comfort, low-maintenance living, and modern upgrades throughout. Truly turn-key, this unit has been thoughtfully refreshed with BRAND NEW FLOORING, FRESH PAINT throughout, new baseboards, custom light/darkening blinds, a new toilet, fixtures, A/C recently serviced, upgraded bathroom storage cabinets, and the list goes on! The open-concept layout feels spacious and inviting, with a generous kitchen, dining, and living area that flows seamlessly to the standout feature of this home which is the very large outdoor patio. This private stamped-concrete patio offers rare extra space for morning coffee, BBQs with friends, or gardening. It’s an extension of your living area and an incredible perk rarely found at this price point. The oversized bathroom includes a soaker tub and separate shower. There is in-suite laundry for everyday convenience and a huge storage locker located near underground secured parking spot. The building is PET FRIENDLY so bring your dog or cats! Magnolia Gardens offers easy walking distance access to everything needed such as grocery shopping, parks, and dining. Residents also enjoy a clubhouse with a kitchen, pool table, fitness room, BBQ area, car wash station, workshop, guest suite, and seperate bike storage. Book your viewing today and contact me for any questions. BRING ALL OFFERS! (id:63159)

Values & Trends

This listing

$429/sqft

Building average

No other active listings in this building

Rutland North average

$453/sqft

47 active listing(s)

Parking: 1 stall(s) includedStorage locker: Included

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

48

6/9 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
Flex Academy(Independent)K-12630 m
Pearson Road ElementaryElementary850 m
Kelowna Arts Academy(Independent)K-121.0 km
Rutland Middle SchoolMiddle1.0 km
Rutland Senior SecondaryElementary1.1 km
South Rutland ElementaryElementary1.1 km
Belgo Elementary SchoolElementary1.1 km
Quigley ElementaryElementary1.3 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 (4)

  • Latin Fiesta307 m
  • Fusion Food Lounge729 m
  • Memphis Blues738 m
  • Jaide & Joel's Baking Company · 555 Montgomery Road774 m

Cafes (3)

  • Unnamed353 m
  • Dosa Crepe Cafe · Gray Road734 m
  • Starbucks742 m

Grocery (2)

  • IGA162 m
  • Save-On-Foods595 m

Parks (5+)

  • Rutland Bluff Linear Park146 m
  • Roxby Square497 m
  • Rutland Centennial Park550 m
  • Ben Lee Park620 m
  • Rutland Lions Park710 m

Pharmacies (2)

  • Paragon237 m
  • Shoppers Drug Mart458 m

Banks & ATMs (3)

  • TD522 m
  • First West Credit Union · 110 Highway 33 West671 m
  • Basha Donair - Bitcoin Well ATM · 135 Rutland Road North737 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$280,000.00
Periodic payment — Principal & Interest (monthly)$1,806.46
Additional monthly expenses (strata, tax, utilities, etc.)$571.95
Total monthly cost$2,378.41
Interest paid over 5-yr term$80,248.80
Balance at end of term$251,860.91

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,500
Stress test qualifying rate8.09%
Payment you must qualify for$2,556.81

Cash Needed at Closing

Minimum down payment$17,500
Estimated BC PTT$5,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$24,000

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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