623 Clement Avenue
Kelowna, BC V1Y7C7
$849,900
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1
- Lot size
- 0.09 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $5,885.78
Interior
- Heating
- Electric
- Cooling / A/C
- Wall unit
- Fireplace
- None
Parking
- Features
- Rear
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Full bathroom | Main level | 7' x 5' |
| Den | Main level | 7' x 5' |
| Laundry room | Main level | 5' x 12' |
| Kitchen | Main level | 11' x 14' |
| Living room | Main level | 12' x 14' |
| Primary Bedroom | Main level | 8' x 10' |
Listing Information
- MLS®
- 10396617
- Listed
- July 31, 2026
- Time on market
- On the market for 31 days
- Data last synced
- August 28, 2026
Listing provided by: Oakwyn Realty Okanagan · Data source: CREA DDF.
Description
Rare two-lot development opportunity at 615 & 623 Clement Avenue in the heart of downtown Kelowna. Zoned UC1 – Downtown Urban Centre, these properties are being offered together and offer potential for a multi-family residential or mixed-use development, including apartment or townhome concepts! Surrounded by significant new development and located minutes from downtown amenities, the Brewery District, transit and Okanagan Lake, this is an exciting opportunity in one of Kelowna’s most rapidly evolving areas. Conceptual renderings are for illustration purposes only and do not represent an approved development. Buyers must independently verify zoning, permitted uses, density, height, setbacks, parking, servicing, development feasibility and all approval requirements directly with the City of Kelowna. (id:63159)
Values & Trends
This listing
$1,053/sqft
Building average
—
No other active listings in this building
Kelowna North average
$737/sqft
28 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
48
8/9 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 |
|---|---|---|
| The Balsam School(Independent) | Elementary | 227 m |
| Bankhead Elementary | Elementary | 1.3 km |
| Central Secondary | Secondary | 1.4 km |
| Central School Programs | K-12 | 1.4 km |
| St Joseph Elementary School(Independent) | Elementary | 1.6 km |
| A S Matheson Elementary | Elementary | 2.1 km |
| Glenmore Elementary | Elementary | 2.5 km |
| Raymer Elementary | Elementary | 3.1 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 (5+)
- Central Kitchen · 1155 Ellis Street278 m
- Nagano Sushi324 m
- GetintheLoop Restaurant · 1353 Ellis Street433 m
- Bouchons Bistro · Sunset Drive444 m
- Waterfront Wines Restaurant · 1180 Sunset Drive468 m
Cafes (5+)
- CeCe's Coffee251 m
- Chaibaba · 1289 Ellis Street279 m
- J’s Cafe & Bistro314 m
- Tackle Box Coffee Bar323 m
- Analog Coffee367 m
Grocery (1)
- GetintheLoop Grocery · 1353 Ellis Street437 m
Parks (5+)
- Recreation Avenue Park356 m
- Pioneer Garden548 m
- Waterfront Park594 m
- Sunset Drive Park613 m
- Stuart Park735 m
Shopping (1)
- The Core on Ellis · 1353 Ellis Street424 m
Gyms (1)
- Life Aesthetics Online Coaching · 1435 Water Street720 m
Pharmacies (2)
- Pharmasave · 505 Doyle Avenue577 m
- Shoppers Drug Mart · 597 Bernard Avenue799 m
Banks & ATMs (1)
- Beem Credit Union · 598 Bernard Avenue764 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.1% ($59,990) — 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.