A couple of days ago, a Vancouver mansion hit the market for $35 million, which was $9.4 million over its most recent property value assessment.
This comes a few weeks after a Kitsilano home sold for $735,000 over its $3.5 million asking price. The selling price of $4.23 million was about $1.6 million above the lot’s assessed property value.
The rising costs of the Vancouver real estate market is leaving many would-be real estate buyers to consider purchasing elsewhere and Kelowna, BC is one of their sought after choices.
After all, Kelowna is a four-season playground for those in Vancouver looking to escape the city and enjoy the laid back Okanagan lifestyle. A scenic lake offering a plethora of water activities, a world-class ski resort, award-winning golf courses, wineries and recreational activities make Kelowna more than an ideal place to visit, it’s the perfect place to call home. As an added bonus for those moving in from Vancouver, the value of the real estate market in comparison with Vancouver means a home buyer can get more home, more views, more property for their money.
Luxury Kelowna Real Estate Listings by the Numbers
Here are Kelowna homes for sale in the price ranges of the above numbers:
If you are considering the $35 million dollar mansion in Vancouver, you could spread out for a lot less with this Kelowna lakeshore retreat. With over 1400 ft. of lake front on 124 acres, you can enjoy Okanagan nature at it’s finest, including a creek and waterfall on the property.
8888 Lakeshore Road – Kelowna BC – $19,999,000 – View Listing Details
For just over the $9.4 million over the Vancouver mansion’s assessment you could find yourself living the true Okanagan lifestyle in this Vineyard Estate acreage. The Tommie award winning home features over 8000 square feet of luxury, majestic street appeal, a pool, and your own vineyard.
3330 Neid Road – Kelowna BC – $9,800,000 – View Listing Details
If the recent $4.23 million dollar Kitsilano sale was more to your liking, you could find yourself in South Bay Landing, an exclusive, waterfront gated community in Kelowna. This luxurious 3700 sq ft residence boasts 3 bedrooms, an office, floor to ceiling windows to capture the stunning lakeviews, and plenty of outdoor living space designed for entertaining. Bring your boat as there’s full time boat moorage plus lift.
210-440 Cascia Drive – Kelowna BC – $4,295,000
For the original asking price of $3.5 million for the Kitsilano home, you could find yourself in one of Kelowna’s prime locations in a majestic villa complete with a pool and spectacular views.
1113 Parkbluff Lane – Kelowna BC – $3,495,000 – View Listing Details
What could you get in Kelowna for the $735,000 the buyer spent over the asking price of the Kitsilano home? For $729,000 you could purchase this waterfront lot in Lake Country and build your dream home. View Listing.
Or, for $759,900 you can enjoy this spacious family home with breathtaking lake & city views. View Listing.
1108 Ray Road – Kelowna BC – $759,900