
538 McKay Avenue Unit# 401
Kelowna South, Kelowna · MLS® 10378786
3 bed · 2 bath · 2,478 sq ft · 3 parking
Condo · Single Family · built 2006 · 210 days on market
Listed by Staccie Bracken-Horrocks, Royal LePage Kelowna
Pandosy Village Penthouse! Featuring an impressive 2,478 sq. ft. of living space this elegant residence includes 3 bedrooms, 2 bathrooms, a glass-walled den and a dedicated office with new custom cabinetry. The bright open-concept kitchen, dining and living area showcases a vaulted ceiling, a stone-encased gas fireplace, abundant natural light and seamless access to two private patios. The upscale kitchen which was updated in 2022 with custom cabinets and quartz countertops also provides a large island with additional under storage, a walk-in pantry and top of the line appliances including a Sub-Zero refrigerator, a Wolf gas cooktop and a Wolf oven with a warming drawer. Comfort is elevated with zone-controlled radiant heated Travertine flooring and surround-sound built-in speakers throughout. The spacious primary suite features a 4-piece ensuite with a soaker tub and a walk-in closet, while the additional bedrooms and full bathroom are thoughtfully positioned on the opposite end of the home for privacy. Complete with three designated parking stalls, this beautifully designed penthouse offers spacious living, impressive finishings and exceptional walkability to nearby shopping, cafe's, KGH, the lake and nearby beaches.
- Type
- Condo, Single Family
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 2,478 sq ft
- Parking
- 3
- Year built
- 2006
- Property tax
- $4,799 / yr
- Strata fee
- $1,310 / mo ($0.53 / sq ft)
- Days on market
- 210
- MLS®
- 10378786
- Corner Site
- Central island
- Two Balconies
- Washer
- Refrigerator
- Cooktop - Gas
Catchment schools, Central Okanagan School District 23
- Elementary Raymer Elementaryhomes in this catchment
- Middle Klo Middlehomes in this catchment
- Secondary Kelowna Secondaryhomes in this catchment
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.
20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.
- Rent
- $2,713/mo
- After all costs
- −$3,933/mo
- Cap rate
- 0.8%
- yearly net rent ÷ price
Costs: mortgage $4,684 · tax $400 · strata $1,310 · insurance ~$35 · vacancy 3% · upkeep 5%.
Rent starts at CMHC's average for a 3+ 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
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