781 Wallace Road, Kelowna
This incredible 9 bed 8 bath income-producing luxury acreage offering over 6,000 sq.ft. sits on 2.5 acres of Okanagan beauty with breathtaking lake views and exceptional revenue potential. The property features a fully self-contained legal 2-bedroom suite plus an additional 1-bedroom and den/theatre room in-law suite, providing outstanding flexibility for multigenerational living, Airbnb potential, or long-term rental income. Adding even more value is approximately 1.5 acres of producing cherry trees including 80 Lapin trees and 100 Staccato trees generating approximately 10,000 lbs annually with room to expand by an additional 200 trees. This home showcases soaring ceilings, floor-to-ceiling windows, coffered ceilings, custom built-ins, and a striking linear fireplace. The chef-inspired kitchen features high-end stainless steel appliances, a massive island, butler’s pantry, and seamless access to the expansive covered deck overlooking the lake. The primary retreat offers panoramic lake views, a spa-inspired ensuite, walk-in closet, and private balcony. Complete with a triple car garage, abundant RV and boat parking, and located just minutes to wineries, golf, schools, shopping, and amenities, this property offers luxury, lifestyle, and exceptional long-term value in the heart of Kelowna. (id:1945)
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Property details for 781 Wallace Road, Kelowna
- Type
- Residential
- Style
- Ranch, Contemporary
- Bedrooms
- 9
- Bathrooms
- 8
- Living Area
- 6,112 square feet
- Lot Size
- 2.5
- Stories
- 2
- Basement
- Full
- Parking
- Detached Garage, Additional Parking
- Heating
- Forced air, See remarks
- Cooling
- Central air conditioning
- Exterior
- Stucco
- Ownership
- Freehold
- Annual Taxes
- $11,640
Nearby Listings Stat
Estimated price and comparable properties near 781 Wallace Road
Active Listings
1
Min Price
$2,389,000
Max Price
$2,389,000
Avg Price
$2,389,000
Days on Market
144
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Kelowna, British Columbia / Colombie-Britannique
Population
699
Median Age
42.1
Median Income
$34,112
Dwelling Value
$459,572
Housing Tenure
Owners 83%
Renters 17%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.9
Pop. Density: 326.6/km²
Avg Shelter Cost: $1,228/mo
Owners with Mortgage: 55.3%
Owners Spending 30%+: 21.6%
Tenants Spending 30%+: 37.5%
English only: 94.3%
English and French: 4.3%
Neither: 1.4%
Median Household Income: $84,352
Median Employment Income: $29,968
Price History
Listed
May 20, 2026
by Royal LePage Kelowna
Current Price
$2,389,000
-1.1% from last change
Type
Residential
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $2,389,000 | $26,000 (-1.1%) |
| Jul 14, 2026 | $2,415,000 | $60,000 (-2.4%) |
| Jun 12, 2026 | $2,475,000 | Listed |
