Welcome to 574 Gowen Place, tucked away on a quiet cul-de-sac in Kelowna's highly desirable Upper Mission. This thoughtfully designed home offers exceptional outdoor living and the flexibility of a spacious one-bedroom in-law suite with its own private entrance—ideal for extended family, guests, or additional mortgage support. The bright and inviting main level features an open-concept layout with large windows that fill the home with natural light. The well-appointed kitchen offers quality cabinetry, smart storage, and a functional design that flows seamlessly into the dining and living areas, creating an ideal space for both everyday living and entertaining. Step outside onto the expansive covered deck, the perfect place to enjoy summer barbecues, relax with your morning coffee, or unwind in the evening. Downstairs, the self-contained one-bedroom suite includes a full kitchen, bathroom, generous living space, and a large covered patio with a separate entrance, offering privacy and versatility for a variety of living arrangements. Recent updates include a newer furnace, hot water tank, and an on-demand hot water system, providing added comfort and peace of mind. Located just minutes from excellent schools, parks, hiking trails, wineries, shopping, and all the amenities the Upper Mission has to offer, this home presents an outstanding opportunity in one of Kelowna's most sought-after neighbourhoods.
Listed by Royal LePage Kelowna. Last updated Jul 9, 2026, 3:05 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.
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Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $199,200 down (20%) on $996,000, 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 · 219 listings
Detached
157
71.7%
Townhouse
22
10.0%
Land
21
9.6%
Condo / Apartment
16
7.3%
Duplex
2
0.9%
Other
1
0.5%
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
Market story
Vancouver 3BR rent (est)
Estimated from the 2BR average · 3BR ≈ 2BR × 1.25 (CMHC RMR typical ratio)
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
