Property Type: Condo / ApartmentOwnership: Strata

722 Valley Road Unit# 322

Kelowna, BC V1E2E6

$449,900

2 bed2 bath1 parking883 sqftBuilt 2019
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$389/mo
Annual property tax
$2,433.18

Maintenance Fee Includes

GarbageManagement

Also included: Ground Maintenance, Insurance, Other, See Remarks, Recreation Facilities, Reserve Fund Contributions

Interior

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

Exterior & Lot

Exterior features
Brick, Stucco, Other

Parking

Total spaces
1 — uncovered indicated
Features
Parkade

Restrictions & Policies

Pets
Restrictions apply, Allowed with restrictions

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

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level12'5'' x 10'4''
Living roomMain level9'3'' x 12'0''
Laundry roomMain level4'11'' x 8'7''
KitchenMain level8'11'' x 10'8''
Dining roomMain level6'0'' x 15'11''
BedroomMain level12'9'' x 9'0''
4pc BathroomMain level9'1'' x 8'6''
3pc Ensuite bathMain level9'5'' x 6'3''

Listing Information

MLS®
10380613
Listed
March 30, 2026
Time on market
On the market for 154 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon · Data source: CREA DDF.

Description

Awesome 2 bedroom/ 2 bathroom condo with in suite laundry and a private deck. Located on the 3rd Floor with views facing West and North. Like new suite with upgraded quartz countertops in bathrooms and kitchen, all 6 appliances are included. This suite is open concept with an eating bar in the kitchen. The primary bedroom has a walk through closet with hanging on both sides of closet and goes through to a full ensuite bathroom with walk in shower. The second bedroom also has an ensuite bathroom attached, is smaller but good size. Bedrooms are separated by the open concept living, dining and kitchen area that walks out onto a deck facing westerly. This suite comes with an underground secure parking space with a rack to lock a bike to. This suite also has the full separated laundry in a room with lots of extra storage for a pantry and extra items. There is a common roof top BBQ area with sitting and dining space overlooking Dilworth Mountain. There is also a common room that can be rented with a large dining space, kitchen and living area with bathroom and patio and a dog/bike washing area off the underground parkade. Great property, rent out or move into yourself. This property is close to UBCO, biking trails, walking paths, very easy and central access to downtown shopping, parks, Knox Mountain park. (id:63159)

Values & Trends

This listing

$510/sqft

Building average

No other active listings in this building

Glenmore average

$509/sqft

27 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

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

19

4/9 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 ElementaryElementary692 m
Watson Road ElementaryElementary1.0 km
Bankhead ElementaryElementary1.9 km
Dr Knox Middle SchoolMiddle2.5 km
North Glenmore ElementaryElementary3.0 km
Springvalley Middle SchoolElementary3.0 km
Springvalley ElementaryElementary3.2 km
Kelowna Arts Academy(Independent)K-123.2 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)

  • Murray's Pizza · 1924 Summit Drive223 m

Cafes (1)

  • Blenz Coffee · 538 Yates Road756 m

Parks (1)

  • Caro Park749 m

Banks & ATMs (1)

  • TD Canada Trust · 532 Yates Road748 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (strata, tax, utilities, etc.)$636.16
Total monthly cost$2,958.24
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,286.59

Cash Needed at Closing

Minimum down payment$22,495
Estimated BC PTT$6,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,993

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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