$ 499,000

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
231 Terrace Drive

Contact Agent Get in touch about 231 Terrace Drive, Kelowna

Shawn Worsfold
Shawn Worsfold
Royal LePage Kelowna