651 Richter Street
Kelowna, BC V1Y2J6
$864,950
Property Details
Property & Lot
- Sub-type
- House
- Style
- Ranch
- Stories
- 1
- Lot size
- 0.12 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Strata / maintenance fee
- $0/mo
- Annual property tax
- $4,255.28
Interior
- Heating
- Forced air, See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Building
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Parcel ID (PID)
- 027-933-229
Parking
- Features
- Carport, Additional Parking
Restrictions & Policies
- Pets
- 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 |
|---|---|---|
| Full bathroom | Basement | 9'8'' x 4'10'' |
| Recreation room | Basement | 12'8'' x 15'9'' |
| Bedroom | Basement | 15'1'' x 11'10'' |
| Kitchen | Basement | 12'8'' x 13'3'' |
| 4pc Bathroom | Main level | 7'9'' x 10'11'' |
| Primary Bedroom | Main level | 13'7'' x 10'1'' |
| Kitchen | Main level | 10'8'' x 10'10'' |
| Bedroom | Main level | 8'11'' x 10'11'' |
| Dining room | Main level | 8'10'' x 11'5'' |
| Living room | Main level | 13'2'' x 18'11'' |
Listing Information
- MLS®
- 10399090
- Listed
- August 30, 2026
- Time on market
- On the market for 1 day
- Data last synced
- August 30, 2026
Listing provided by: Realty One Real Estate Ltd · Data source: CREA DDF.
Description
DOWNTOWN KELOWNA LOCATION, CORNER LOT, AND SIGNIFICANT FUTURE DEVELOPMENT POTENTIAL - this one is worth a look! This 2,093 sqft. raised bungalow sits directly beside Knox Mountain and offers a flexible layout for investors, homeowners, or developers. The main level features 2 bedrooms, 1 bathroom, an oversized living room, dining area, and kitchen with access to an 8' x 16' covered rear deck. Downstairs offers an additional bedroom and bathroom, large recreation room, and kitchenette, perfect for a separate suite. Recent updates include a new bathroom, new hot water tank, and new A/C motor in 2026. The furnace was replaced in 2015 and the roof in 2007. A covered carport accommodates up to 3 vehicles, with 2 additional parking spaces. Set in a quiet, established neighbourhood just minutes from downtown, with Knox Mountain hiking trails, the dog park, free boat launch, Okanagan Lake, restaurants, shops, and the growing Kelowna North area all close by. The property itself is zoned for higher-density development, while the nearby Kelowna Mill Site is planned for future redevelopment into expanded public parkland and beachfront, approximately a 5-minute walk away - adding even more appeal to this already well-positioned property. Whether you're looking for a home with a mortgage helper, a rental property, a long-term hold, or a future redevelopment opportunity, there is plenty to work with here! (id:63159)
Values & Trends
This listing
$413/sqft
Building average
—
No other active listings in this building
Kelowna North average
$759/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
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
11
2/9 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 | 1.3 km |
| Bankhead Elementary | Elementary | 1.8 km |
| Glenmore Elementary | Elementary | 2.4 km |
| Central School Programs | K-12 | 2.4 km |
| Central Secondary | Secondary | 2.4 km |
| St Joseph Elementary School(Independent) | Elementary | 2.6 km |
| Watson Road Elementary | Elementary | 3.0 km |
| A S Matheson 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 (1)
- Yama Kitchen598 m
Parks (3)
- Walrod Park366 m
- Sutherland Bay Park411 m
- Recreation Avenue Park773 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.1% ($61,495) — 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.