Property Type: Land / LotOwnership: Freehold

911 Melrose Street

Kelowna, BC V1P0A8

$449,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.17 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,902.47

Interior

Fireplace
None

Listing Information

MLS®
10383666
Listed
April 17, 2026
Time on market
On the market for 136 days
Data last synced
August 28, 2026

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

Description

Design and build your ideal view home on your own lot in Black Mountain. Whether you're starting from scratch or already have plans, this is a rare chance to create a home that truly reflects your lifestyle. You can work with 17 North Design/Build, an experienced, developer-approved builder with a strong presence in the area or bring your own approved builder to one of Kelowna’s fastest-growing neighbourhoods. This gently sloped lot is perfectly suited for a walk-out rancher, featuring flat driveway access and the potential for spacious view decks highly sought-after elements on this street. Take in the surrounding scenery while enjoying a lifestyle focused on outdoor adventure, with golf, hiking, and biking just steps away. Conveniently located, you're only 10 minutes from shopping, 40 minutes to Big White, and have easy access to public transit connecting students to all levels of schools. All services are available at the lot line for a straightforward build. The lot is subject to GST, and a $10,000 landscaping compliance deposit is required upon completion of the lot sale, refundable once your home is finished. An exceptional opportunity to bring your vision to life in a stunning setting. (id:63159)

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

4

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

SchoolTypeDistance
Black Mountain ElementaryElementary1.2 km
South Rutland ElementaryElementary2.3 km
Belgo Elementary SchoolElementary2.7 km
Rutland ElementaryElementary2.8 km
Rutland Senior SecondaryElementary3.1 km
Okanagan Christian School(Independent)K-123.2 km
Rutland Middle SchoolMiddle3.3 km
Quigley ElementaryElementary3.4 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 (1)

  • Lund Park638 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.)$158.54
Total monthly cost$2,480.62
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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