- Active
5538 Lakeshore Road
Kelowna · Single Family
- Beds
- 3
- Baths
- 4
- Sqft
- 3,509
- Built
- 2004
Listed by Coldwell Banker Horizon Realty · MLS® 10394544
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Sign inAbout this home
RENOVATED WATERFRONT home in Kelowna’s prestigious Upper Mission, offering approximately 98 ft of lakeshore with deep water off dock and panoramic lake views. Set on a 0.43 acre lot with a gentle slope to the shoreline, this property combines privacy, natural beauty, and exceptional outdoor living. The main level is professionally curated for seamless one-level living, featuring an open-concept layout enhanced by vaulted ceilings, exposed wood beam accents, shiplap and expansive picture windows that frame the lake and valley views. The chef-inspired kitchen is appointed with premium JennAir appliances, including 6-burner gas range, panelled fridge/freezer, waterfall quartz island, and custom cabinetry. The primary suite offers sweeping 180-degree lake views, a walk-in closet, and spa-inspired ensuite complete with glass shower, freestanding soaker tub, double vanity, and heated smart toilet. The lower level features games room, pool table, wet bar, all complemented by floor-to-ceiling windows capturing the lake views. Also, two additional bedrooms, media room, and infrared sauna. Outdoor living is elevated with patio areas, hot tub and outdoor shower. A lakeside change room with half bathroom and second laundry enhances convenience after enjoying the waterfront. Ideally located just minutes from CedarCreek Estate Winery, hiking and biking trails, and the amenities of Upper Mission and Kettle Valley. VACANT and READY TO ENJOY!
Home facts
- Bedrooms
- 3
- Bathrooms
- 2 full + 2 half
- Interior
- 3,509 sq ft
- Year built
- 2004
- Storeys
- 2
- Parking
- 6
- Property type
- Single Family
- Basement
- Full
- Garage
- Yes
- Fireplaces
- 2
- Area
- Upper Mission
- Style
- Ranch
- Listed
- July 13, 2026
- Structure
- House
- Frontage
- 109 feet
- PID
- 008-540-667
- Common interest
- Freehold
Highlights
- Mountain view
- Waterfront
- City view
- Pool
- Patio
- Hot tub
Features and inclusions
- Appliances
- Washer, Refrigerator, Range - Gas, Dishwasher, Dryer, See remarks
- Heating
- See remarks
- Cooling
- Central air conditioning
- Flooring
- Tile, Hardwood, Carpeted
- Roof
- Asphalt shingle, Unknown
- Parking
- Attached Garage
- Lot
- Private setting, Sloping, Central island
Rooms and building
- Sewer
- Septic tank
- Water
- Lake/River Water Intake
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.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $18,935
- Property tax
- $1,167/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $20,252
Purchase snapshot
- List price
- $3,995,000
- Down payment
- $799,000 (20%)
- Estimated mortgage
- $3,196,000
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $19,014
- At 4.7595 per $1,000 of assessed value.
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
As a rental
- Estimated rent
- $3,068 a month
- Gross yield
- 0.9%
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.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Kelowna
Ten year average, 2016–2025.
- Average temperature
- 9.6°C
- Daily mean across the year.
- Yearly precipitation
- 242 mm
- On the drier side for BC.
- Bright sunshine
- 1,949 h
- Hours of sun a year, 1981–2010 average.
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
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Extreme risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
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)
Most listed
Detached · 58%
Who lives here
Documents
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