781 Wallace Road
Kelowna, BC V1X4T5
$2,389,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 2.5 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $11,639.95
Interior
- Basement
- Full
- Heating
- Forced air, See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (2)
- Fireplace type
- Free Standing Metal
- Flooring
- Tile, Laminate, Carpeted
Exterior & Lot
- Exterior features
- Stucco
- View
- City view, Lake view, Mountain view
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 12 — covered indicated
- Features
- Detached Garage, Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Additional Accommodation | 10'7'' x 14'10'' |
| Full bathroom | Additional Accommodation | 9'9'' x 7'5'' |
| Other | Additional Accommodation | 12'9'' x 14'4'' |
| Bedroom | Additional Accommodation | 12'7'' x 11'1'' |
| Other | Additional Accommodation | 18'3'' x 12'10'' |
| Kitchen | Additional Accommodation | 7'7'' x 7'6'' |
| Other | Additional Accommodation | 6'2'' x 11'4'' |
| Full bathroom | Additional Accommodation | 11'1'' x 5'5'' |
| Bedroom | Additional Accommodation | 12'9'' x 10'8'' |
| Bedroom | Additional Accommodation | 13'2'' x 11'6'' |
| Other | Additional Accommodation | 19'8'' x 16'10'' |
| Kitchen | Additional Accommodation | 12'9'' x 10'6'' |
| Other | Second level | 7'8'' x 10'6'' |
| 3pc Ensuite bath | Second level | 7'3'' x 5'11'' |
| 3pc Ensuite bath | Second level | 6'1'' x 12'1'' |
| 5pc Ensuite bath | Second level | 15'4'' x 12'9'' |
| Other | Second level | 4'11'' x 10'9'' |
| Other | Second level | 8'8'' x 10'11'' |
| Bedroom | Second level | 12'10'' x 15'8'' |
| Bedroom | Second level | 14'9'' x 16'7'' |
| Primary Bedroom | Second level | 23'8'' x 15'6'' |
| Other | Main level | 44'8'' x 30'1'' |
| Laundry room | Main level | 11'1'' x 7'3'' |
| 2pc Bathroom | Main level | 7'8'' x 3' |
| 2pc Bathroom | Main level | 7'1'' x 2'11'' |
| 4pc Bathroom | Main level | 5'11'' x 11'9'' |
| Bedroom | Main level | 11'5'' x 13'4'' |
| Bedroom | Main level | 15' x 13'5'' |
| Bedroom | Main level | '11'' x 13'5'' |
| Den | Main level | 6'9'' x 10'10'' |
| Other | Main level | 9'6'' x 9'10'' |
| Living room | Main level | 17' x 19'9'' |
| Dining room | Main level | 11'6'' x 16'6'' |
| Kitchen | Main level | 12'3'' x 20'4'' |
Listing Information
- MLS®
- 10388111
- Listed
- May 20, 2026
- Time on market
- On the market for 103 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.
Description
This incredible 9 bed 8 bath income-producing luxury acreage offering over 6,000 sq.ft. sits on 2.5 acres of Okanagan beauty with breathtaking lake views and exceptional revenue potential. The property features a fully self-contained legal 2-bedroom suite plus an additional 1-bedroom and den/theatre room in-law suite, providing outstanding flexibility for multigenerational living, Airbnb potential, or long-term rental income. Adding even more value is approximately 1.5 acres of producing cherry trees including 80 Lapin trees and 100 Staccato trees generating approximately 10,000 lbs annually with room to expand by an additional 200 trees. This home showcases soaring ceilings, floor-to-ceiling windows, coffered ceilings, custom built-ins, and a striking linear fireplace. The chef-inspired kitchen features high-end stainless steel appliances, a massive island, butler’s pantry, and seamless access to the expansive covered deck overlooking the lake. The primary retreat offers panoramic lake views, a spa-inspired ensuite, walk-in closet, and private balcony. Complete with a triple car garage, abundant RV and boat parking, and located just minutes to wineries, golf, schools, shopping, and amenities, this property offers luxury, lifestyle, and exceptional long-term value in the heart of Kelowna. (id:63159)
Values & Trends
This listing
$391/sqft
Building average
—
No other active listings in this building
Rutland North average
$515/sqft
84 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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
7
1/9 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
| School | Type | Distance |
|---|---|---|
| Rutland Elementary | Elementary | 729 m |
| Rutland Senior Secondary | Elementary | 1.2 km |
| Rutland Middle School | Middle | 1.3 km |
| South Rutland Elementary | Elementary | 2.1 km |
| Pearson Road Elementary | Elementary | 2.1 km |
| Flex Academy(Independent) | K-12 | 2.8 km |
| Belgo Elementary School | Elementary | 2.8 km |
| Kelowna Arts Academy(Independent) | K-12 | 3.0 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
Parks (2)
- Wigglesworth Park425 m
- Sumac Park789 m
Nearby places data: © OpenStreetMap contributors.
School district: Central Okanagan (SD23)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($477,800) — 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.