550 West Avenue Unit# 501
Kelowna, BC V1Y4Z4
$1,899,900
Property Details
Property & Lot
- Sub-type
- Apartment
- Stories
- 1
Ownership & Fees
- Property type
- Condo / Apartment
- Ownership
- Strata
- Strata / maintenance fee
- $1,236/mo
- Annual property tax
- $8,531.45
Maintenance Fee Includes
Also included: Ground Maintenance, Insurance, Reserve Fund Contributions, Sewer
Interior
- Heating
- Forced air
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Gas, Unknown
- Flooring
- Tile, Hardwood
Exterior & Lot
- Exterior features
- Brick, Stone, Stucco
- View
- City view, Mountain view, Valley view, View (panoramic)
Building
- Roof
- Other, Unknown
Parking
- Total spaces
- 2 — covered indicated
- Features
- Attached Garage
Restrictions & Policies
- Pets
- Restrictions apply, Allowed with restrictions
- Rentals
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Main level | 6'8'' x 8'1'' |
| Bedroom | Main level | 10'11'' x 13'10'' |
| 5pc Ensuite bath | Main level | 9'2'' x 15'1'' |
| Primary Bedroom | Main level | 13'0'' x 15'10'' |
| Pantry | Main level | 5'10'' x 8'11'' |
| Office | Main level | 10'9'' x 8'4'' |
| Kitchen | Main level | 11'3'' x 14'9'' |
| Dining room | Main level | 10'1'' x 12'4'' |
| Living room | Main level | 16'1'' x 24'4'' |
Listing Information
- MLS®
- 10393678
- Listed
- July 6, 2026
- Time on market
- On the market for 56 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Kelowna · Data source: CREA DDF.
Description
Perched atop one of South Pandosy’s most exclusive boutique buildings, this sophisticated top-floor penthouse offers a rare blend of luxury, privacy, and walkable urban living. Set within an intimate residence, this home offers a secure, private retreat above it all. The open-concept interior is both elegant and inviting, featuring hardwood flooring, tile accents, and high-end appliances and finishings throughout. Expansive windows flood the space with natural light while showcasing stunning lake, city, and mountain views from nearly every room. The true showpiece is the massive private patio/terrace, offering exceptional outdoor living with both covered and open-air spaces—perfect for entertaining or relaxing in the Okanagan sunshine. Seamless indoor-outdoor flow enhances the overall living experience. A rare highlight is the private, secure, heated double garage—an uncommon feature that adds both convenience and peace of mind. Located in the heart of South Pandosy Village, you are just steps from boutique shops, beaches, parks, Okanagan College, Kelowna General Hospital, and some of the city’s best cafes, pubs, and restaurants. A rare opportunity to own a luxury penthouse in one of Kelowna’s most vibrant neighbourhoods. (id:63159)
Values & Trends
This listing
$1,082/sqft
Building average
—
No other active listings in this building
Kelowna South average
$613/sqft
53 active listing(s)
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
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
56
7/9 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
| School | Type | Distance |
|---|---|---|
| Raymer Elementary | Elementary | 93 m |
| Kelowna Secondary | Secondary | 857 m |
| KLO Middle School | Middle | 1.1 km |
| Casorso Elementary | Elementary | 1.5 km |
| A S Matheson Elementary | Elementary | 1.5 km |
| St Joseph Elementary School(Independent) | Elementary | 1.7 km |
| Central School Programs | K-12 | 1.8 km |
| Central Secondary | Secondary | 1.8 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 (5+)
- Hector's Casa64 m
- Original Joe's101 m
- Soy116 m
- Chutney · 3011 Pandosy Street221 m
- The Canadian Brewhouse · 3030 Pandosy Street266 m
Cafes (5+)
- Blenz Coffee52 m
- The Marmalade Cat Cafe57 m
- Bread Co.100 m
- Bean scene128 m
- Starbucks508 m
Grocery (3)
- Lakview Market255 m
- Urban Fare517 m
- Save-On-Foods631 m
Parks (5+)
- Osprey Park202 m
- Abbott Park281 m
- waterfront park445 m
- West Avenue Beach Access450 m
- Kinsmen Park500 m
Gyms (2)
- Orangetheory Fitness · 590 K.L.O. Road295 m
- The Athlete Den Training & Rehab Studio Inc. · 3320 Richter Street795 m
Pharmacies (1)
- Pharmasave551 m
Banks & ATMs (3)
- RBC Royal Bank301 m
- TD418 m
- BMO575 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($379,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.