Property Type: Detached HouseOwnership: Freehold

693 Balsam Road

Kelowna, BC V1W1C1

$1,890,000

5 bed5.5 bath6 parking4,455 sqftBuilt 2022
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.16 acres
Frontage
54 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$7,605.22

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (2)
Fireplace type
Gas, Electric, Unknown, Unknown
Flooring
Tile, Hardwood

Exterior & Lot

Exterior features
Metal
Pool
Pool, Inground pool, Outdoor pool

Building

Roof
Asphalt shingle, Metal, Unknown

Parking

Total spaces
6 — covered indicated
Features
Attached Garage

Restrictions & Policies

Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Laundry roomSecond level6'2'' x 9'3''
Dining roomMain level14'1'' x 14'6''
BedroomSecond level14'1'' x 16'4''
Primary BedroomAdditional Accommodation10'3'' x 18'8''
Full bathroomAdditional Accommodation5'3'' x 9'2''
KitchenAdditional Accommodation11'10'' x 12'10''
Laundry roomBasement6'1'' x 8'3''
Living roomAdditional Accommodation13'0'' x 16'2''
Family roomBasement12' x 13'
BedroomBasement9'7'' x 11'9''
2pc BathroomMain level4'11'' x 5'7''
Family roomSecond level13'7'' x 14'6''
5pc BathroomSecond level6'7'' x 12'6''
Full bathroomBasement6'8'' x 8'11''
PantryMain level6'9'' x 7'2''
Utility roomMain level6'1'' x 9'
5pc Ensuite bathSecond level8' x 17'3''
BedroomSecond level13'6'' x 14'2''
Primary BedroomSecond level13'3'' x 19'3''
Laundry roomSecond level9'3'' x 6'2''
Living roomMain level16'9'' x 19'11''
KitchenMain level13' x 19'11''

Listing Information

MLS®
10393848
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: Rival Realty Inc. · Data source: CREA DDF.

Description

Modern farmhouse perfection in the heart of Lower Mission! This stunning 5 bedroom, 5 bathroom custom home offers 4,455 sq. ft. of thoughtfully designed living space just steps from top-rated schools, parks and amenities. Designed for both everyday living and effortless entertaining, the bright open-concept main floor showcases timeless white cabinetry, warm wood accents, black designer finishes, all new light fixtures, a spectacular living room with custom built-in entertainment centre, floating shelves, linear gas fireplace and tile surround, plus a functional mudroom with individual cubbies and coat hooks leading to a butler's pantry off the epoxy-finished garage. Upstairs, every bedroom features custom closet organizers, while the luxurious primary retreat offers custom built-ins, feature wall, fireplace and a spa-inspired ensuite with freestanding soaker tub, oversized tile shower and dual vanities. The lower level includes a spacious rec room, an additional bedroom and full bathroom, along with a large legal 1 bedroom suite featuring an oversized bedroom, separate entrance and its own laundry. Outside is your private resort complete with a saltwater pool with automatic cover, pool house with bathroom and outdoor hot water shower, putting green, xeriscape landscaping, RV/boat parking and room for 6 vehicles. A rare opportunity to own an exceptional family home in one of Kelowna's most sought-after areas. (id:63159)

Values & Trends

This listing

$424/sqft

Building average

No other active listings in this building

Lower Mission average

$703/sqft

94 active listing(s)

Parking: 6 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.

Nearby Schools

SchoolTypeDistance
Dorothea Walker ElementaryElementary131 m
Anne McClymont ElementaryElementary702 m
Okanagan Mission SecondaryElementary729 m
Bellevue Creek ElementaryElementary959 m
de l'Anse-au-sableK-121.2 km
Lakeside School Kelowna(Independent)Elementary1.4 km
Canyon Falls Middle SchoolMiddle2.6 km
Casorso 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.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($378,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,512,000.00
Periodic payment — Principal & Interest (monthly)$9,754.91
Additional monthly expenses (strata, tax, utilities, etc.)$856.77
Total monthly cost$10,611.68
Interest paid over 5-yr term$433,343.55
Balance at end of term$1,360,048.89

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$378,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,626.75

Cash Needed at Closing

Minimum down payment$378,000
Estimated BC PTT$35,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$415,300

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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