Property Type: DuplexOwnership: StrataNEW LISTING

702 Fraser Road

Kelowna, BC V1X3M3

$498,800

2 bed2.5 bath1 parking961 sqftBuilt 1971
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Property Details

Property & Lot

Sub-type
Duplex
Style
Ranch
Stories
1
Lot size
0.11 acres

Ownership & Fees

Property type
Duplex
Ownership
Strata
Strata / maintenance fee
$0/mo
Annual property tax
$2,847.84

Interior

Heating
Baseboard heaters
Cooling / A/C
Wall unit
Fireplace
None
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Hood Fan

Building

Water source
Municipal water
Sewer
Municipal sewage system
Utilities
Water, Sewer, Cable, Telephone
Parcel ID (PID)
024-849-022

Parking

Total spaces
1 — covered indicated
Features
Attached Garage, Street

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

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

Room Dimensions

RoomLevelDimensions
4pc BathroomBasement10' x 5'
Partial bathroomMain level5' x 5'5''
BedroomBasement9' x 11'4''
Primary BedroomBasement9' x 11'6''
KitchenMain level8'6'' x 9'6''
Dining roomMain level9'4'' x 13'4''
Living roomMain level12' x 13'4''

Listing Information

MLS®
10398439
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
September 1, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

**NO STRATA FEES! NO PET OR RENTAL RESTRICTIONS!** This well-located 1/2 duplex offers an outstanding alternative to condo living with the freedom and privacy of your own home. Tucked into a quiet Kelowna neighbourhood, yet conveniently close to shopping, schools, parks and everyday amenities. The functional layout features 2 bedrooms, 2 full bathrooms, a private patio for outdoor enjoyment, and a single-car garage. With no strata fees and no strata-imposed pet or rental restrictions, this is an excellent opportunity for first-time buyers, downsizers, investors or anyone looking for more flexibility and ownership freedom. A great combination of location, value and lifestyle! **Contact your REALTOR® today to arrange your private showing.** (id:63159)

Values & Trends

This listing

$519/sqft

Building average

No other active listings in this building

Rutland North average

$372/sqft

8 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

12°C

Clear

Humidity 88%

Wind ENE 5 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

3/9 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
Pearson Road ElementaryElementary351 m
Rutland Middle SchoolMiddle650 m
Rutland Senior SecondaryElementary819 m
Flex Academy(Independent)K-12969 m
Kelowna Arts Academy(Independent)K-121.2 km
Rutland ElementaryElementary1.4 km
South Rutland ElementaryElementary1.5 km
Belgo Elementary SchoolElementary1.7 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)

  • Jaide & Joel's Baking Company · 555 Montgomery Road612 m

Grocery (1)

  • IGA797 m

Parks (2)

  • Ben Lee Park746 m
  • Rutland Bluff Linear Park756 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,940) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$399,040.00
Periodic payment — Principal & Interest (monthly)$2,574.47
Additional monthly expenses (strata, tax, utilities, etc.)$285.32
Total monthly cost$2,859.79
Interest paid over 5-yr term$114,366.01
Balance at end of term$358,937.77

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,940
Stress test qualifying rate8.09%
Payment you must qualify for$3,643.82

Cash Needed at Closing

Minimum down payment$24,940
Estimated BC PTT$7,976
Legal / closing costs (typical estimate)$1,500
Total cash needed$34,416

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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