231 Terrace Drive, Kelowna
RARE DOUBLE ACCESS .31 RE BUILDING LOT in MAGIC ESTATES - One of the Last! away from the urban noise and busyness in a mature natural setting siding onto mountain and greenspace. This exceptional double-access estate lot offers prestige, privacy, and endless design potential. Tucked away on a no through cul de sac road, in the final phase of the prestigious Magic Estates, surrounded by upscale executive homes, and green wooded space, this 0.31-acre property features a generous, relatively flat building site that is both private and easy to build on. You have the choice of direct panhandle access from Terrace Drive for added flexibility and potential parking options, while straight-in rear access via the private easement lane enhances convenience and architectural possibilities for design. Zoned RU1 for single family and home with suite design. Pick your own builder, and build on your timeline. Sewer and water at road on Terrace rd access side (contact City of Kelowna for exact location). Close to Knox Trails. A rare hidden jewel, and Oasis away from the hustle and bustle of the city but only minutes drive to Glenmore schools, and downtown. (id:1945)
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Property details for 231 Terrace Drive, Kelowna
- Type
- Lots and Land
- Lot Size
- 0.31
- Ownership
- Freehold
- Annual Taxes
- $2,278
Nearby Listings Stat
Estimated price and comparable properties near 231 Terrace Drive
Active Listings
164
Min Price
$312,500
Max Price
$13,450,000
Avg Price
$1,432,281
Days on Market
110
days
Sold Listings
44
Min Sold Price
$317,000
Max Sold Price
$2,599,000
Avg Sold Price
$1,143,017
Days until Sold
87
days
Neighbourhood Census Data
Kelowna, British Columbia / Colombie-Britannique
Population
1,720
Median Age
43.6
Median Income
$50,432
Dwelling Value
$648,771
Housing Tenure
Owners 95%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.8
Pop. Density: 395.2/km²
Avg Shelter Cost: $1,899/mo
Owners with Mortgage: 67.8%
Owners Spending 30%+: 16.9%
Tenants Spending 30%+: 0%
English only: 89.8%
English and French: 9.9%
Neither: 0.3%
Median Household Income: $120,371
Median Employment Income: $42,816
Price History
Listed
April 7, 2026
by Royal LePage Kelowna
Current Price
$499,000
Type
Lots and Land
For Sale