Property Type: Detached HouseOwnership: Freehold

702 Glenmore Drive

Kelowna, BC V1Y4N8

$2,020,000

4 bed3 bath3 parking2,174 sqftBuilt 1959
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.29 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,491

Interior

Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
None

Parking

Total spaces
3 — covered indicated
Features
Attached Garage, RV, Additional Parking

Room Dimensions

RoomLevelDimensions
Mud roomMain level7'10'' x 8'10''
BedroomMain level8'10'' x 9'1''
Living roomMain level12'7'' x 18'3''
KitchenMain level15'5'' x 15'11''
3pc BathroomBasement5'10'' x 5'4''
3pc BathroomBasement7'2'' x 6'4''
Full bathroomMain level8'4'' x 7'6''
Living roomBasement10'3'' x 12'5''
KitchenBasement8'4'' x 10'5''
BedroomBasement9'3'' x 9'6''
BedroomBasement9'2'' x 9'6''
Dining roomMain level11'3'' x 12'6''
Primary BedroomMain level10'11'' x 12'4''

Listing Information

MLS®
10349934
Listed
May 29, 2025
Time on market
On the market for 459 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Exciting development opportunity! Prime location in old Glenmore. Positioned on a transportation corridor with easy access to downtown Kelowna, UBCO campus and Kelowna International airport. Potential is available for rezoning to MF3, allowing up to 6 stories residential with various commercial uses permitted. Walking distance to elementary and middle schools, amenities, Knox mountain and Dilworth hiking trails, Kelowna Golf and Country Club and on city biking routes. Further attractions are the stunning views of Knox mountain, Dilworth cliffs and views of Lake Okanagan. (id:63159)

Values & Trends

This listing

$929/sqft

Building average

No other active listings in this building

Glenmore average

$624/sqft

61 active listing(s)

Parking: 3 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

19

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
Glenmore ElementaryElementary611 m
Watson Road ElementaryElementary1.1 km
Bankhead ElementaryElementary1.8 km
Dr Knox Middle SchoolMiddle2.6 km
The Balsam School(Independent)Elementary3.0 km
North Glenmore ElementaryElementary3.1 km
Springvalley Middle SchoolElementary3.2 km
Springvalley ElementaryElementary3.3 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 (2)

  • Murray's Pizza · 1924 Summit Drive198 m
  • De Bakker's Kitchen · 1014 Glenmore Drive784 m

Parks (2)

  • Caro Park574 m
  • Sonora Park731 m

Banks & ATMs (1)

  • TD Canada Trust · 532 Yates Road797 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($404,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,616,000.00
Periodic payment — Principal & Interest (monthly)$10,425.88
Additional monthly expenses (strata, tax, utilities, etc.)$399.92
Total monthly cost$10,825.80
Interest paid over 5-yr term$463,150.25
Balance at end of term$1,453,597.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$404,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,426.47

Cash Needed at Closing

Minimum down payment$404,000
Estimated BC PTT$38,600
Legal / closing costs (typical estimate)$1,500
Total cash needed$444,100

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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