Welcome to 4015 Mahonia Drive, a rare opportunity to own an incredible family property on nearly a 1/2 acre in one of Southeast Kelowna's most desirable neighbourhoods. Tucked away on a corner lot on a quiet cul-de-sac, this beautifully maintained home offers the perfect blend of space, privacy, and lifestyle. Designed for growing families, the home features 5 bedrooms, a den, and 3.5 bathrooms with a functional layout that offers room for everyone. The basement is the ultimate retreat for kids, complete with a fantastic rec space and a dedicated storage room. Step outside and you'll find your own backyard oasis. A large deck overlooks the heated in-ground pool, creating the perfect setting for entertaining, summer barbecues, or simply relaxing while watching the kids play. The landscaped yard also features a garden and fruit trees, including 3 apple, 2 pear, 2 plum, and 1 peach tree. For those needing extra space, the impressive 20' x 28' detached workshop is ideal for hobbies, projects, or additional storage. There's also ample RV parking and plenty of room for vehicles, trailers, and all your Okanagan toys. Located just minutes from schools, golf courses, wineries, hiking trails, and all the amenities Kelowna has to offer, this is a property that truly delivers the lifestyle you've been searching for.
Property details
5
Beds
3 full + 1 half
Baths
3,401 ft²
Floor area
1992
Year built
3
Storeys
7
Parking
$6,577/yr
Gross tax
Location & structure
Single Family
Type
Full
Basement
Yes
Garage
South East Kelowna
Area
Listed
July 9, 2026
Basement
Full
Structure
House
PID
017-533-805
Property highlights
Pool
Private yard
Storage locker
Features & inclusions
Cooling
Central air conditioning
Parking
Attached Garage
Lot
Cul-de-sac, Corner Site
Additional details
Common interest
Freehold
Listed by Real Broker B.C. Ltd. Last updated Jul 9, 2026, 1:20 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 $299,800 down (20%) on $1,499,000, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this 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 · 41 listings
Detached
28
68.3%
Townhouse
6
14.6%
Mobile home
4
9.8%
Farm
2
4.9%
Land
1
2.4%
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 · Kelowna · 345 dwellings
Single-detached300 · 87.0%
Semi-detached35 · 10.1%
Apartment in duplex10 · 2.9%
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 #59350346· Kelowna· 4.48 km²
Median rent here
$1,536
Owner shelter cost
$720
Renters
4.2%
30%+ on shelter
14.5%
Population (2021)
762
Median age
65.5
Avg household size
2.2
Avg household income
$135,000
Renters
4.2%
Owners
97.2%
Immigrants
16.3%
Post-secondary
68.5%
Avg home value
$988,000
Single status
11.6%
Not in labour force
63.7%
Households with kids
14.3%
Median rent
$1,536
Owner shelter cost
$720
30%+ on shelter
14.5%
Breakdown
$25,000 to $29,999
5
1.5%
$30,000 to $34,999
5
1.5%
$35,000 to $39,999
5
1.5%
$40,000 to $44,999
5
1.5%
$50,000 to $59,999
15
4.5%
$60,000 to $69,999
15
4.5%
$70,000 to $79,999
25
7.6%
$80,000 to $89,999
20
6.1%
$90,000 to $99,999
25
7.6%
$100,000 to $124,999
45
13.6%
$125,000 to $149,999
45
13.6%
$150,000 to $199,999
60
18.2%
$200,000 and over
60
18.2%
Source: Statistics Canada, 2021 Census of Population (Census Profile, dissemination area 59350346).
Market story
Rent in Kelowna
Census 2021 avg $1,536/mo here · Vancouver 4BR 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
