Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

555 Yates Road Unit# 206

Kelowna, BC V1V2V2

$312,500

1 bed1 bath2 parking714 sqftBuilt 2006
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Amenities

Also listed: Storage - Locker

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$315/mo
Annual property tax
$1,943.53

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
Wall unit
Fireplace
None
Flooring
Tile, Laminate, Carpeted
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave

Exterior & Lot

Pool
Outdoor pool

Building

Roof
Other, Unknown
Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
026-549-174

Parking

Total spaces
2 — uncovered indicated
Features
Underground

Restrictions & Policies

Pets
Restrictions apply, 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
3pc Ensuite bathMain level8'6'' x 7'5''
DenMain level7'5'' x 5'2''
Primary BedroomMain level10'5'' x 18'10''
KitchenMain level8' x 8'5''
Dining roomMain level11'4'' x 12'6''
Living roomMain level10'11'' x 12'3''

Listing Information

MLS®
10398712
Listed
August 31, 2026
Time on market
Listed today
Data last synced
August 31, 2026

Listing provided by: CIR Realty · Data source: CREA DDF.

Description

Immediate possession available! Welcome to The Verve, where lifestyle, location and value come together. This 1 bedroom + den condo is priced more than $30,000 below assessed value and includes the rare bonus of TWO underground parking stalls plus a storage locker. One of the stalls is currently rented for $100/mth for some extra cash flow but can be kept for you to use if you'd like. The functional open layout offers a spacious primary bedroom, versatile den and private patio. Enjoy resort-style amenities including an outdoor pool, beach volleyball, BBQ areas, dog park and expansive green space. Centrally located in Glenmore, minutes from shopping, restaurants, UBCO, Orchard Park and Downtown Kelowna. The unit faces a busier road, and the price reflects it—creating an excellent opportunity to get into a sought-after community at exceptional value. Rentals permitted with a minimum 30-day term. (id:63159)

Values & Trends

This listing

$438/sqft

Building average

$522/sqft

1 active listing(s)

North Glenmore average

$470/sqft

19 active listing(s)

Parking: 2 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

Sunny

23°C

Sunny

Humidity 45%

Wind NNW 11 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
Watson Road ElementaryElementary488 m
Glenmore ElementaryElementary1.2 km
Dr Knox Middle SchoolMiddle2.0 km
Bankhead ElementaryElementary2.4 km
North Glenmore ElementaryElementary2.5 km
Kelowna Arts Academy(Independent)K-123.4 km
Springvalley Middle SchoolElementary3.4 km
The Balsam School(Independent)Elementary3.5 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)

  • Murray's Pizza · 1924 Summit Drive755 m

Cafes (1)

  • Blenz Coffee · 538 Yates Road202 m

Parks (3)

  • Valley Glen Wetland369 m
  • Caro Park633 m
  • Sutton Glen Park659 m

Banks & ATMs (1)

  • TD Canada Trust · 532 Yates Road191 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($15,625) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$250,000.00
Periodic payment — Principal & Interest (monthly)$1,612.92
Additional monthly expenses (strata, tax, utilities, etc.)$513.05
Total monthly cost$2,125.97
Interest paid over 5-yr term$71,650.72
Balance at end of term$224,875.81

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,625
Stress test qualifying rate8.09%
Payment you must qualify for$2,282.86

Cash Needed at Closing

Minimum down payment$15,625
Estimated BC PTT$4,250
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,375

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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