3155 Gordon Drive Unit# 404
Lower Mission, Kelowna · MLS® 10395594
2 bed · 2 bath · 890 sq ft · 1 parking
Townhouse · Single Family · built 1987 · 77 days on market
Listed by Jaxon Jurome, Macdonald Realty
Realtor's description
LOWER MISSION TOWNHOME-STYLE LIVING JUST STEPS TO OKANAGAN COLLEGE! Whether you're buying your first home or looking for a smart investment, this 2 bedroom, 2 bathroom loft-style unit checks all the boxes. Located on the private, south side of the complex facing Fascieux Creek, you'll enjoy a peaceful setting just 450 metres from Okanagan College and biking distance to Pandosy Village, Gyro Beach, the Mission Creek Greenway, Kelowna General Hospital, coffee shops, restaurants and all the local amenities! Inside, the functional 1.5-storey layout offers excellent separation between bedrooms, making it ideal for roommates, guests or for those in need of a dedicated home office. The main floor features an expansive open concept space that flows seamlessly into the galley kitchen. A spacious bedroom and a full 4-piece bathroom complete the main level. Upstairs, the loft-style primary retreat offers a generously sized bedroom & a 4-piece ensuite with in-unit laundry. Major mechanical updates including air conditioning and hot water tank (2022). The home also includes one parking stall and is pet and rental friendly (with restrictions), offering excellent flexibility whether you're purchasing to live in or as a long-term investment. Vacant and ready for quick possession, this is an outstanding opportunity to own an affordable home in one of Kelowna's most connected neighbourhoods!
Property details
- Type
- Townhouse, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 890 sq ft
- Parking
- 1
- Year built
- 1987
- Property tax
- $2,012 / yr
- Strata fee
- $313 / mo ($0.35 / sq ft)
- Strata rules
- Pets Allowed
- Days on market
- 77
- MLS®
- 10395594
Features
- Pets Allowed
Monthly cost
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
If you rented it out
- Rent
- $2,098/mo
- After all costs
- −$293/mo
- Cap rate
- 4.3%
- yearly net rent ÷ price
Costs: mortgage $1,568 · tax $168 · strata $313 · insurance ~$175 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 2-bedroom in Kelowna (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.
BC rules for landlords
- Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
- Rent increases are capped once a year at the province's set amount. gov.bc.ca
- The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
- Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca
Location
Schools
Catchment schools, Central Okanagan School District 23
- Elementary Raymer Elementaryhomes in this catchment
1.3 km away · 657 Raymer Ave, Kelowna · 250-870-5125
- Middle Klo Middlehomes in this catchment
300 m away · 3130 Gordon Dr, Kelowna · 250-870-5106
- Secondary Kelowna Secondaryhomes in this catchment
600 m away · 1079 Raymer Ave, Kelowna · 250-870-5105
From the Central Okanagan School District 23's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.
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