House
$1,289,990
2202 Aberdeen Street
Kelowna South, Kelowna26 days on market
3 bd2 ba2,957 sq ft
MLS® 104004001 / 40
$1,680,000
550 West Avenue Unit# 501
Kelowna South, Kelowna · MLS® 10393678
2 bed · 2 bath · 1,756 sq ft · 2 parking
Condo · Single Family · built 2010 · 93 days on market
Listed by Derek Martin, REMAX Kelowna
Realtor's description
Perched atop one of South Pandosy’s most exclusive boutique buildings, this sophisticated top-floor penthouse offers a rare blend of luxury, privacy, and walkable urban living. Set within an intimate residence, this home offers a secure, private retreat above it all. The open-concept interior is both elegant and inviting, featuring hardwood flooring, tile accents, and high-end appliances and finishings throughout. Expansive windows flood the space with natural light while showcasing stunning lake, city, and mountain views from nearly every room. The true showpiece is the massive private patio/terrace, offering exceptional outdoor living with both covered and open-air spaces—perfect for entertaining or relaxing in the Okanagan sunshine. Seamless indoor-outdoor flow enhances the overall living experience. A rare highlight is the private, secure, heated double garage—an uncommon feature that adds both convenience and peace of mind. Located in the heart of South Pandosy Village, you are just steps from boutique shops, beaches, parks, Okanagan College, Kelowna General Hospital, and some of the city’s best cafes, pubs, and restaurants. A rare opportunity to own a luxury penthouse in one of Kelowna’s most vibrant neighbourhoods.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,756 sq ft
- Parking
- 2
- Year built
- 2010
- Property tax
- $8,531 / yr
- Strata fee
- $1,236 / mo ($0.70 / sq ft)
- Strata rules
- Pet Restrictions, Pets Allowed With Restrictions, Rentals Allowed
- Days on market
- 93
- MLS®
- 10393678
Features
- Central island
- Balcony
- Pet Restrictions
- Pets Allowed With Restrictions
- Rentals Allowed
- Washer
Monthly cost
$9,266/mo
Mortgage $7,320 · Tax $711 · Strata $1,236
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
- −$7,371/mo
- Cap rate
- -0.0%
- yearly net rent ÷ price
Costs: mortgage $7,320 · tax $711 · strata $1,236 · 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
Kelowna South, KelownaGoogle Maps ↗
Schools
Catchment schools, Central Okanagan School District 23
- Elementary Raymer Elementaryhomes in this catchment
100 m away · 657 Raymer Ave, Kelowna · 250-870-5125
- Middle Klo Middlehomes in this catchment
1.1 km away · 3130 Gordon Dr, Kelowna · 250-870-5106
- Secondary Kelowna Secondaryhomes in this catchment
900 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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