Condo
$260,000
32% less per sq ft625 Rowcliffe Avenue Unit# 305
Kelowna South, Kelowna1 day on market
1 bd1 ba712 sq ft
MLS® 104026871 / 19
$249,900
555 Rowcliffe Avenue Unit# 305
Kelowna South, Kelowna · MLS® 10398117
2 bed · 2 bath · 1,017 sq ft · 1 parking
Condo · Single Family · built 1979 · 50 days on market
Listed by Perry Freeman, Okanagan Commercial Realty Corp.
Realtor's description
Fabulous location across from Rowcliffe Park and easy five minute walk to downtown using the new overpass from Central Green. Unit is bright south facing with a nice floor plan with a good sized patio and lots of closet space. Both bedrooms are spacious with the primary bedroom having a 3 piece en-suite. Many updates include a ductless heat pump providing air conditioning and low electricity bills. Strata fees are low at $388.12 per month with an allocated storage unit located on the same floor, and bike storage provided on the main floor. Walk score in the community is 93/100 close to the 5+ acre Central Green Rowcliffe Park and an easy walk to downtown, beaches, Kelowna General Hospital, and South Pandosy shopping areas. One parking spot is allocated, however with a major transit stop located close by the location is perfect for an occupant who prefers not to drive. Elevator access. Bylaws that stipulate that one occupant must be 55+ of age but the complex is vibrant and does not feel like a 55+ complex. Priced below assessment. Strata fees include water and sewer and with low property taxes, hydro, and strata fees, the asking price makes ownership more affordable than renting.
Property details
- Type
- Condo, Single Family
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,017 sq ft
- Parking
- 1
- Year built
- 1979
- Property tax
- $1,245 / yr
- Strata fee
- $388 / mo ($0.38 / sq ft)
- Strata rules
- Adult Oriented, Pets not Allowed, Seniors Oriented
- Days on market
- 50
- MLS®
- 10398117
Features
- One Balcony
- Adult Oriented
- Pets not Allowed
- Seniors Oriented
- Refrigerator
- Oven - Electric
Floor plans
Found among the listing photos.
Monthly cost
$1,581/mo
Mortgage $1,089 · Tax $104 · Strata $388
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
- $314/mo
- Cap rate
- 6.7%
- yearly net rent ÷ price
Costs: mortgage $1,089 · tax $104 · strata $388 · 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 A.S. Matheson Elementaryhomes in this catchment
1.1 km away · 2090 Gordon Dr, Kelowna · 250-870-5112
- Middle Klo Middlehomes in this catchment
2.5 km away · 3130 Gordon Dr, Kelowna · 250-870-5106
- Secondary Kelowna Secondaryhomes in this catchment
2.0 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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