Welcome to The Homestead, this bright and spacious 1-bedroom, 1-bathroom condo in the highly sought-after Lower Mission. Featuring 9-foot ceilings and an open-concept layout, this well-maintained home offers an inviting atmosphere filled with natural light. The generous primary bedroom boasts direct access to the large covered balcony, perfect for enjoying beautiful Okanagan sunsets, and features dual closets leading to a well-appointed cheater ensuite bathroom. The sun-filled living room is anchored by a cozy gas fireplace and oversized windows, creating a warm and comfortable gathering space. The kitchen offers ample counter space, a tile backsplash, four appliances, and a convenient pass-through to the dining area, making entertaining effortless. In-suite laundry adds everyday convenience. Residents enjoy an impressive selection of amenities including a fitness/games room, workshop, community lounge with full kitchen, bike storage, secure underground heated parking, and a storage locker. This elevated unit offers easy stair access, elevator access and ample visitor parking. Ideally located in the heart of Lower Mission, you're just minutes from beaches, shopping, restaurants, transit, Okanagan College, Kelowna General Hospital, H2O Adventure + Fitness Centre, Mission Creek Greenway, schools, parks, golf courses, and all the amenities this vibrant neighbourhood has to offer.
Property details
1
Beds
1 full
Baths
738 ft²
Floor area
2003
Year built
1
Storey
1
Parking
$330/mo
Strata fee
$1,457/yr
Gross tax
Location & structure
Single Family
Type
Yes
Garage
1
Fireplace
Springfield/Spall
Area
Listed
June 26, 2026
Structure
Apartment
PID
025-760-483
Property highlights
Balcony
Gym
In-suite laundry
Storage locker
Bike storage
Fireplace
Features & inclusions
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer
Heating
Heat Pump, Baseboard heaters, Forced air, Electric
Cooling
Heat Pump
Flooring
Carpeted, Linoleum
Parking
Underground, Heated Garage
Lot
One Balcony
Community
Rentals Allowed
Additional details
Common interest
Condo/Strata
Listed by Royal LePage Kelowna. Last updated Jun 26, 2026, 2:05 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.
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $71,991 down (20%) on $359,953, 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.
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
Inventory mix
What this area trades in
Within 3 km of this listing · 580 listings
Condo / Apartment
238
41.0%
Detached
170
29.3%
Townhouse
121
20.9%
Duplex
16
2.8%
Other
16
2.8%
Other
19
3.3%
Source: active, display-eligible listings within 3 km of this listing. The radius widens automatically when nearby inventory is sparse.
Housing stock here
What this neighbourhood is built of
Census 2021 dwelling structural-type mix · Kelowna · 575 dwellings
Low-rise apartment395 · 68.7%
Single-detached90 · 15.7%
Row house60 · 10.4%
Apartment in duplex20 · 3.5%
Semi-detached10 · 1.7%
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 #59350215· Kelowna· 1.04 km²
Median rent here
$1,570
Owner shelter cost
$1,050
Renters
65.3%
30%+ on shelter
38.5%
Population (2021)
1,145
Median age
34.4
Avg household size
2.0
Avg household income
$73,600
Renters
65.3%
Owners
34.7%
Immigrants
11.2%
Post-secondary
52.0%
Avg home value
$544,000
Single status
31.9%
Not in labour force
28.9%
Households with kids
17.4%
Median rent
$1,570
Owner shelter cost
$1,050
30%+ on shelter
38.5%
Breakdown
Under $5,000
10
1.7%
$5,000 to $9,999
5
0.9%
$10,000 to $14,999
10
1.7%
$15,000 to $19,999
10
1.7%
$20,000 to $24,999
35
6.0%
$25,000 to $29,999
30
5.1%
$30,000 to $34,999
30
5.1%
$35,000 to $39,999
25
4.3%
$40,000 to $44,999
35
6.0%
$45,000 to $49,999
40
6.8%
$50,000 to $59,999
60
10.3%
$60,000 to $69,999
50
8.5%
$70,000 to $79,999
50
8.5%
$80,000 to $89,999
40
6.8%
$90,000 to $99,999
40
6.8%
$100,000 to $124,999
45
7.7%
$125,000 to $149,999
25
4.3%
$150,000 to $199,999
30
5.1%
$200,000 and over
15
2.6%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59350215).
Market story
Rent in Kelowna
Census 2021 avg $1,570/mo here · Vancouver 1BR rent (est) 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
