BEAUTIFULLY SITUATED 3 BEDROOM RANCHER on it's own land in Ellison! Located in Desirable ""Country Lane"", a meticulously maintained 55+ Adult Bare Land strata development. A lovely ""stick built"" home (not manafactured) by Pentar homes. This home offer ample size, lots of storage, tons of garage and workshop space and is on a Manicured mature landscaped lot backing onto the greenscape common grounds ...i t is a true gardener's delight! European cabinets in U shaped kitchen. Built in oven and newer cooktop stove, bullnose counters and tiled back splash. Dining area seamlessly flows to the peaceful and private covered patio and backyard for easy inside/outside living. Family room area or include the space with the nook for your large dining room set. Big separate Living room with gas corner fireplace and Oak Hardwood floors. Huge mudroom - laundry room off an extra large single garage with room for storage and workshop. 4 piece main bathroom. Large primary bedroom with 3 piece Ensuite. 3 Bedrooms (1 without a closet). Pantry/storage room. 2021 Hi Eff gas furnace in 6' cellar. Central air for summer comfort. This home is perfect for affordable adult living, offering lots of space, a gorgeous yard, private quiet setting and lots of garage space for the tools. 6' High cellar crawl space for 2021 Hi Eff furnace, 3' crawl for rest. Poly b piping. Quick possession possible.
Listed by Royal LePage Kelowna. Last updated Jul 9, 2026, 10:30 PM.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $103,800 down (20%) on $519,000, Canadian semi-annual compounding. Property tax sourced from listing. Strata fee sourced from listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Inventory mix
What this area trades in
Within 3 km of this listing · 66 listings
Condo / Apartment
36
54.5%
Detached
17
25.8%
Duplex
3
4.5%
Land
3
4.5%
Farm
2
3.0%
Other
5
7.6%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Supply outlook
Where supply, demand, and prices are heading by 2035
CMHC scenario data, applied to this listing's metro area
House prices, 2024 to 2035
CMHC scenario comparison
18.4 percentage points
Building enough supply could keep prices 18.4 percentage points lower by 2035.
Source: CMHC supply-shortages report (2026)
Housing starts needed each year
Current pace vs CMHC supply target
7,245 units short
Vancouver is starting about 7,245 fewer units per year than CMHC says is needed to keep prices stable.
Source: CMHC supply-shortages report (2026)
Housing stock, 2024 to 2035
Projected dwellings under current trajectory
24.0 percentage points
Stock grows about 24.0% over the period under the business-as-usual scenario.
Source: CMHC supply-shortages report (2026)
Apartment construction pace
Apartment starts in 2025 vs the 10-year average
8.6% above
Condo and rental apartment construction is running 8.6% above the 10-year pace, easing future apartment scarcity.
Source: CMHC supply spring 2026
Family-home construction pace
Houses and townhomes started in 2025 vs the 10-year average
20.9% below
Ground-oriented (houses + townhomes) construction is running 20.9% below the 10-year pace, squeezing family-sized supply.
Source: CMHC supply spring 2026
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Central Okanagan · 265 dwellings
Single-detached160 · 60.4%
Movable dwelling80 · 30.2%
Apartment in duplex15 · 5.7%
Low-rise apartment10 · 3.8%
Source: Statistics Canada · 2021 Census of Population
Neighbourhood demographics
Who lives in this small neighbourhood
The following information covers the Dissemination Area that contains this property. A dissemination area is the smallest standard geographic area Statistics Canada publishes data for, typically 400 to 700 residents.
Statistics Canada Area #59350275· Central Okanagan· 3.08 km²
Median rent here
$2,600
Owner shelter cost
$675
Renters
10.7%
30%+ on shelter
10.9%
Population (2021)
601
Median age
55.6
Avg household size
2.2
Avg household income
$96,000
Renters
10.7%
Owners
87.5%
Immigrants
10.4%
Post-secondary
53.3%
Avg home value
$512,000
Single status
18.1%
Not in labour force
37.5%
Households with kids
20.4%
Median rent
$2,600
Owner shelter cost
$675
30%+ on shelter
10.9%
Breakdown
$20,000 to $24,999
20
7.5%
$25,000 to $29,999
15
5.7%
$30,000 to $34,999
15
5.7%
$35,000 to $39,999
20
7.5%
$40,000 to $44,999
10
3.8%
$45,000 to $49,999
10
3.8%
$50,000 to $59,999
20
7.5%
$60,000 to $69,999
25
9.4%
$70,000 to $79,999
25
9.4%
$80,000 to $89,999
10
3.8%
$90,000 to $99,999
10
3.8%
$100,000 to $124,999
25
9.4%
$125,000 to $149,999
25
9.4%
$150,000 to $199,999
15
5.7%
$200,000 and over
20
7.5%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59350275).
Market story
Rent in Central Okanagan
Census 2021 avg $2,600/mo here · Vancouver 2BR rent trend below
Estimate, not a prediction. Forward values use CMHC scenario growth rates applied to the latest actual. Actual outcomes will differ. Do not use as financial advice.
CMHCBritish Columbia outlook
British Columbia’s labour market expected to recover in 2026, but demographic factors will weigh on housing markets
British Columbia’s (B.C.) economy is expected to improve in 2026 after limited growth in 2025. As forecasted in our Housing Market Outlook summer 2025 update, a weak labour market and trade volatility were the main factors impacting B.C.’s economy in 2025.
From the CMHC Housing Market Outlook 2026 · Jan 2026
