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231 Terrace Drive
Kelowna · Vacant Land
Listed by Royal LePage Kelowna · MLS® 10404959
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inKelowna · Vacant Land
Listed by Royal LePage Kelowna · MLS® 10404959
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign in$379,900
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RARE DOUBLE-ACCESS .31 ACRE BUILDING LOT – MAGIC ESTATES! One of the last opportunities in the final phase of prestigious Magic Estates! Tucked away on a quiet no-through cul-de-sac, this exceptional 0.31 acre property offers privacy, prestige and a beautiful natural setting, backing onto wooded greenspace with a mountain backdrop. Enjoy a peaceful setting away from the hustle and bustle, yet just minutes to downtown, Glenmore schools, shopping and the popular Knox Mountain trails. The relatively flat, generous building site offers an excellent opportunity to create your custom dream home, with the added benefit of two access options. Front panhandle access from Terrace Drive provides flexibility for parking and design, while the private rear easement lane offers convenient straight-in access and additional building possibilities. RU1 zoning allows for a single-family home with suite potential. Choose your own builder and build on your timeline. Water and sewer available at Terrace Drive (buyer to verify exact locations with the City of Kelowna). A rare opportunity to secure one of the remaining estate lots in this sought-after neighbourhood. Privacy, natural beauty and convenience – a wonderful place to build your Okanagan dream home!
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.
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Estimates only. They leave out utilities, upkeep and closing costs.
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 51%
Active listings within 3 km of this home.
Source: Statistics Canada, 2021 Census of Population. 820 dwellings.
Statistics Canada area 59350351 · Kelowna
Source: Statistics Canada, 2021 Census Profile, dissemination area 59350351.
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Property tax
Municipal, regional, hospital and school rates combined.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Land and hazards
Provincial designations and mapped natural hazards at this location.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Climate
Ten year average, 2016–2025.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Borrowing costs
The rates behind any payment estimate on this page.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-10-29