Kelowna South, Kelowna
Kelowna South, Kelowna, British Columbia, V1Y 2V1
Investor and Developer Alert!!! Build your vision in Kelowna South! Set on a quiet cul-de-sac in one of Kelowna’s most sought-after redevelopment areas, this flat 0.25-acre property combines UC5 zoning, laneway access, and a prime central location. Explore the potential for a fourplex, townhomes, or a low-rise apartment building, subject to City of Kelowna approvals and lot size requirements. Schools, beaches, parks, shopping, and everyday conveniences are all within a 10-minute walk, offering an appealing location for future owners and tenants. The existing 4-bedroom, 2-bathroom home offers holding and rental income potential while you explore development plans. Two bedrooms on the main floor, two additional bedrooms downstairs, and a spacious basement flex/great room create a versatile layout suited to families, multi-generational living, or rental use. The mature yard adds a distinctive touch, with cherries, apples, pears, purple and golden plums, several varieties of grapes, and winter melon to enjoy while planning your next project. With redevelopment possibilities, income potential, and a desirable Kelowna South address, this is an exciting opportunity for investors, builders, and developers to be part of the neighbourhood’s continued growth. Call us today for more information!
At $395 per sq ft of finished area, it is listed 6% above the $372 per sq ft median of the 1076 detached homes that sold between $694K and $1.2M in the Central Okanagan over the last 12 months, and in line with the $395 per sq ft median of the 544 listed in that range now.
544 active listings against 1076 sales in a year is about 6 months of supply in this range, at the past year's pace. Those sales took a median 41 days and sold at a median 97.3% of their final list price.
Across Kelowna South, 85 detached homes sold in the last 12 months at a median $808,800 ($450 per sq ft), in a median 43 days, at 96.3% of final list price; 84 are listed now.
On the market 7 days under this listing, at its original price. Board records show it was listed before, with at least 92 days on market in total.
Association of Interior REALTORS® MLS® data, as of October 23, 2026. Sales are dated by accepted offer over the last 365 days. The price range is this list price plus or minus 25 percent, for the same kind of home in the same board area. Medians appear only where at least five properties qualify. Price per square foot uses total finished area, above and below grade together, so it is a check on price, not a valuation.
Parcel area and local government from ParcelMap BC; zoning from the published zoning map of the City of Kelowna; ALR from the Agricultural Land Commission boundary; floodplains from the Province’s designated floodplain mapping, which is decades old and incomplete, so local governments set flood construction levels and the absence of a designation here is not a clearance. The lie of the land is measured from the Province's LidarBC 1 m bare-earth elevation model, flown in 2025, across the parcel itself; it reads the ground, not the buildings, so banks and retaining walls count as steep ground. None of this replaces a title search, a survey or confirmation with the local government, which is the authority on zoning.
Neighbourhood Access
Exceptional
A main grocery an 8-minute walk away; 24 restaurants and cafés within a 15-minute walk; a transit stop 4 minutes away; a park or trail 5 minutes away.
Neighbourhood Access is produced by A.L.I.C.E. from OpenStreetMap, BC Transit and BC school data, using network walking, cycling and transit distances from this address with an Okanagan terrain adjustment. We strive for accuracy, but the figures are indicative and should be independently verified.