Property Type: Condo / ApartmentOwnership: Strata

647 Clement Avenue Unit# 311

Kelowna, BC V1Y7C7

$758,800

2 bed2 bath1 parking1,240 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$595/mo
Annual property tax
$0

Interior

Heating
Heat Pump
Cooling / A/C
Heat Pump
Fireplace
None

Parking

Total spaces
1 — uncovered indicated
Features
Underground

Room Dimensions

RoomLevelDimensions
DenMain level8' x 7'6''
KitchenMain level12' x 9'
Full bathroomMain level8' x 5'
BedroomMain level10' x 9'6''
Full ensuite bathroomMain level8'6'' x 5'
Primary BedroomMain level11'6'' x 10'6''
Living roomMain level12'6'' x 12'

Listing Information

MLS®
10379828
Listed
March 20, 2026
Time on market
On the market for 164 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

Welcome to Savoy on Clement, where contemporary design meets downtown convenience in this brand new 2-bedroom plus den, 2-bathroom corner unit. This bright and spacious home features an open layout with a chef-inspired kitchen, complete with sleek finishes and premium appliances, perfect for entertaining. The versatile den offers ideal space for a home office or extra storage. Enjoy a secure, pet-friendly building with exceptional amenities, including a terrace with lounge area, fire pit, BBQ, bike wash station, dog run, and paw wash station. Located just steps from shops, dining, Lake Okanagan and all that downtown Kelowna has to offer—urban living at its finest. (id:63159)

Values & Trends

This listing

$612/sqft

Building average

$844/sqft

1 active listing(s)

Kelowna North average

$698/sqft

157 active listing(s)

Parking: 1 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

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

SchoolTypeDistance
The Balsam School(Independent)Elementary246 m
Bankhead ElementaryElementary1.3 km
Central SecondarySecondary1.4 km
Central School ProgramsK-121.4 km
St Joseph Elementary School(Independent)Elementary1.6 km
A S Matheson ElementaryElementary2.1 km
Glenmore ElementaryElementary2.5 km
Raymer ElementaryElementary3.1 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 Street302 m
  • Nagano Sushi347 m
  • GetintheLoop Restaurant · 1353 Ellis Street446 m
  • motherlove ferments · 889 Vaughan Avenue468 m
  • Bouchons Bistro · Sunset Drive470 m

Cafes (5+)

  • CeCe's Coffee230 m
  • Tackle Box Coffee Bar300 m
  • Chaibaba · 1289 Ellis Street302 m
  • J’s Cafe & Bistro337 m
  • Analog Coffee393 m

Grocery (1)

  • GetintheLoop Grocery · 1353 Ellis Street450 m

Parks (5+)

  • Recreation Avenue Park365 m
  • Pioneer Garden574 m
  • Waterfront Park621 m
  • Sunset Drive Park636 m
  • Stuart Park753 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street437 m

Gyms (1)

  • Life Aesthetics Online Coaching · 1435 Water Street735 m

Pharmacies (2)

  • Pharmasave · 505 Doyle Avenue587 m
  • Shoppers Drug Mart · 597 Bernard Avenue798 m

Banks & ATMs (1)

  • Beem Credit Union · 598 Bernard Avenue765 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Other Listings in This Building

Other units currently listed in the same building. 647 Clement Avenue

View building profile →
Built 2026

Mortgage & Ownership Cost Calculator

Minimum required: 6.7% ($50,880) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$607,040.00
Periodic payment — Principal & Interest (monthly)$3,916.42
Additional monthly expenses (strata, tax, utilities, etc.)$657.20
Total monthly cost$4,573.62
Interest paid over 5-yr term$173,979.41
Balance at end of term$546,034.44

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$50,880
Stress test qualifying rate8.09%
Payment you must qualify for$5,443.66

Cash Needed at Closing

Minimum down payment$50,880
Estimated BC PTT$13,176
Legal / closing costs (typical estimate)$1,500
Total cash needed$65,556

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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