697 Balsam Road
Kelowna, BC V1W1C1
$1,650,000
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
- $7,614.1
Interior
- Basement
- Full
- Heating
- Forced air, Electric, See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Gas, Unknown
- Flooring
- Tile, Laminate
Exterior & Lot
- Exterior features
- Stucco, Other
- View
- Mountain view, View (panoramic)
- Pool
- Inground pool
Building
- Roof
- Asphalt shingle, Metal, Unknown
Parking
- Total spaces
- 6 — covered indicated
- Features
- Attached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Recreation room | Basement | 25'4'' x 13'4'' |
| 3pc Bathroom | Basement | 5'1'' x 7'7'' |
| Bedroom | Basement | 9'7'' x 13'4'' |
| Other | Second level | 16'11'' x 7'0'' |
| Bedroom | Second level | 10'9'' x 11'7'' |
| Family room | Second level | 23'4'' x 19'1'' |
| Bedroom | Second level | 11'3'' x 11'10'' |
| 4pc Bathroom | Second level | 5'2'' x 11'10'' |
| Laundry room | Second level | 5'7'' x 11'10'' |
| Other | Second level | 13'5'' x 4'1'' |
| Bedroom | Second level | 10'11'' x 11'10'' |
| Primary Bedroom | Second level | 14'5'' x 16'0'' |
| 5pc Ensuite bath | Second level | 14'2'' x 11'10'' |
| Other | Second level | 10'7'' x 5'0'' |
| Foyer | Main level | 9'5'' x 11'5'' |
| Other | Main level | 11'6'' x 11'1'' |
| Utility room | Main level | 10'3'' x 7'11'' |
| 2pc Bathroom | Main level | 5'8'' x 6'8'' |
| Kitchen | Additional Accommodation | 15'8'' x 29'10'' |
| Full bathroom | Additional Accommodation | 7'8'' x 7'9'' |
| Bedroom | Additional Accommodation | 13'7'' x 11'6'' |
| Living room | Main level | 27'10'' x 20'3'' |
| Kitchen | Main level | 17'4'' x 10'7'' |
| Pantry | Main level | 4'0'' x 8'4'' |
Listing Information
- MLS®
- 10382964
- Listed
- April 22, 2026
- Time on market
- On the market for 131 days
- Data last synced
- August 28, 2026
Listing provided by: Vantage West Realty Inc. · Data source: CREA DDF.
Description
Welcome to 697 Balsam, an exceptional family home in the heart of Lower Mission, next to Dorothea Walker Elementary and minutes to the lake, beaches, amenities, and scenic trails. Built in 2023, this 4,320 sq.ft. residence offers 6 bedrooms, 5 bathrooms, including a legal 1-bedroom suite. Designed with luxury and functionality in mind, the bright open-concept main living space is flooded with natural light and anchored by a stunning gas fireplace. The chef-inspired kitchen features a massive island, quartz countertops, premium appliances including a 6-burner range, a coffee bar, and walk-in pantry. Seamless indoor-outdoor living leads to a covered patio with natural gas for the bbq overlooking a private backyard oasis complete with a pool with automated cover, hot tub, outdoor shower, and pool house with change room and bathroom. Synlawn landscaping and black metal fencing provide a low-maintenance, private setting. Upstairs offers an ideal family layout with 4 bedrooms, including a luxurious primary retreat with walk-in closet and spa-like 5-piece ensuite featuring a soaker tub, oversized shower, and double vanity. A sunken bonus room with wet bar creates the perfect space for relaxing or entertaining. The lower level includes an additional bedroom with ensuite and access to the legal suite, ideal for rental income or extended family. With ample parking and a prime location, this home offers the perfect blend of lifestyle, income potential, and modern comfort! (id:63159)
Values & Trends
This listing
$382/sqft
Building average
—
No other active listings in this building
Lower Mission average
$703/sqft
94 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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Dorothea Walker Elementary | Elementary | 137 m |
| Anne McClymont Elementary | Elementary | 709 m |
| Okanagan Mission Secondary | Elementary | 727 m |
| Bellevue Creek Elementary | Elementary | 950 m |
| de l'Anse-au-sable | K-12 | 1.2 km |
| Lakeside School Kelowna(Independent) | Elementary | 1.4 km |
| Canyon Falls Middle School | Middle | 2.6 km |
| Casorso 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.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($330,000) — 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.