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$974,999

3389 Lakeshore Road Unit# 315

Lower Mission, Kelowna · MLS® 10401315

2 bed · 2 bath · 1,149 sq ft · 1 parking

Condo · Single Family · built 2024 · 19 days on market

Listed by Robyn Muccillo, Sotheby's International Realty Canada

Realtor's description

LUXURY LAKESIDE LIVING AT CABAN | LOWER MISSION, KELOWNA. Enjoy elevated Okanagan living, perfectly positioned directly across from iconic Gyro Beach in Kelowna’s sought-after Lower Mission. This stunning 2-bed, 2-bath residence offers 1,149 square feet of beautifully designed interior living space, combining sophisticated finishes with an effortless resort-inspired lifestyle. Framed by 9'6"" ceilings and expansive floor-to-ceiling windows, the residence is flooded with natural light while showcasing breathtaking southwest-facing views of Okanagan Lake, Gyro Beach, and the resort-style pool deck. Neutral hardwood flooring flows throughout, creating a warm and timeless backdrop for both everyday living and entertaining. The kitchen is truly a culinary dream, featuring a $40,000 upgrade with impressive 10-foot island, seamless custom cabinetry, high-end appliances & elegant quartz countertops. Designed with both beauty and function in mind, this is a space made for everything from quiet mornings to entertaining friends & family. The primary suite offers a private retreat at the end of the day, complete with custom closet organization & a spa-inspired ensuite designed for relaxation. Enjoy heated bathroom floors, a double vanity, & a luxurious walk-in shower that brings a touch of resort living home. With its exceptional finishes, abundant natural light, stunning lake views, & unbeatable location just steps from the beach, this residence offers the best of Okanagan lifestyle. Whether you're looking for a full-time residence, a weekend escape, or an investment in one of Kelowna's most desirable communities, this is a home that truly stands apart.

Property details

Type: Condo, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,149 sq ft
Parking: 1
Year built: 2024
Property tax: $3,364 / yr
Strata fee: $618 / mo ($0.54 / sq ft)
Strata rules: Pets Allowed, Pets Allowed With Restrictions, Rentals Allowed
Days on market: 19
MLS®: 10401315

Features

Balcony
Pets Allowed
Recreational Facilities
Pets Allowed With Restrictions
Rentals Allowed
Refrigerator

Price check

Price per sq ft: $849 vs $580 median for condos in Lower Mission for sale (79)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 19 days · no price changes so far

The market here

Listed now: 62 days; median for 511 condos for sale; this one 19 days

Condos in Kelowna. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$5,146/mo

Mortgage $4,248 · Tax $280 · Strata $618

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$4,248/ monthly

loan $779,999

25-year amortization

down payment20% · $195,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $494,394
property transfer tax: $17,500; BC general rate
cash to close: $212,500; down + PTT
total paid: $1,274,393

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Rent: $2,098/mo
After all costs: −$3,251/mo
Cap rate: 1.2%; yearly net rent ÷ price

Rent / moDown payment %Rate %

Costs: mortgage $4,248 · tax $280 · strata $618 · insurance ~$35 · 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

Lower Mission, KelownaGoogle Maps ↗

Location

Lower Mission, KelownaGoogle Maps ↗

Schools

Catchment schools, Central Okanagan School District 23

Elementary Casorso Elementaryhomes in this catchment
800 m away · 3675 Casorso Rd, Kelowna · 250-870-5135
Middle Klo Middlehomes in this catchment
1.1 km away · 3130 Gordon Dr, Kelowna · 250-870-5106
Secondary Kelowna Secondaryhomes in this catchment
1.3 km 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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