Property Type: Condo / ApartmentOwnership: Strata

647 Clement Avenue Unit# 402

Kelowna, BC V1Y7C7

$379,900

1 bed1 bath450 sqftBuilt 2026
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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
$216/mo
Annual property tax
$0

Interior

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

Parking

Features
Underground

Room Dimensions

RoomLevelDimensions
Living roomMain level12' x 9'6''
KitchenMain level7'6'' x 8'6''
Full bathroomMain level8' x 5'
Primary BedroomMain level8'6'' x 9'

Listing Information

MLS®
10379862
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, offering smart and stylish living in this thoughtfully designed studio & 1-bathroom home. This efficient floorplan maximizes space with an open-concept layout, creating a bright and functional living area perfect for modern urban lifestyles. The contemporary kitchen features sleek cabinetry and quality finishes, ideal for everyday living. Enjoy access to exceptional building amenities, including a terrace with lounge area, fire pit, and BBQ, bike wash station, along with a pet-friendly dog run and convenient paw wash station. Secure and centrally located, this home places you just steps from downtown Kelowna’s shops, dining, Lake Okanagan and vibrant city life. (id:63159)

Values & Trends

This listing

$844/sqft

Building average

$612/sqft

1 active listing(s)

Kelowna North average

$697/sqft

157 active listing(s)

Parking: Not indicatedStorage 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

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)Elementary253 m
Bankhead ElementaryElementary1.3 km
Central SecondarySecondary1.3 km
Central School ProgramsK-121.3 km
St Joseph Elementary School(Independent)Elementary1.6 km
A S Matheson ElementaryElementary2.1 km
Glenmore ElementaryElementary2.4 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 Street314 m
  • Nagano Sushi356 m
  • GetintheLoop Restaurant · 1353 Ellis Street451 m
  • motherlove ferments · 889 Vaughan Avenue457 m
  • Bouchons Bistro · Sunset Drive482 m

Cafes (5+)

  • CeCe's Coffee223 m
  • Tackle Box Coffee Bar291 m
  • Chaibaba · 1289 Ellis Street311 m
  • J’s Cafe & Bistro347 m
  • Analog Coffee405 m

Grocery (1)

  • GetintheLoop Grocery · 1353 Ellis Street455 m

Parks (5+)

  • Recreation Avenue Park370 m
  • Pioneer Garden586 m
  • Waterfront Park632 m
  • Sunset Drive Park647 m
  • Stuart Park760 m

Shopping (1)

  • The Core on Ellis · 1353 Ellis Street442 m

Gyms (1)

  • Life Aesthetics Online Coaching · 1435 Water Street740 m

Pharmacies (2)

  • Pharmasave · 505 Doyle Avenue590 m
  • Shoppers Drug Mart · 597 Bernard Avenue797 m

Banks & ATMs (1)

  • Beem Credit Union · 598 Bernard Avenue764 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$303,920.00
Periodic payment — Principal & Interest (monthly)$1,960.79
Additional monthly expenses (strata, tax, utilities, etc.)$239.00
Total monthly cost$2,199.79
Interest paid over 5-yr term$87,104.35
Balance at end of term$273,377.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,775.23

Cash Needed at Closing

Minimum down payment$18,995
Estimated BC PTT$5,598
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,093

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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