Near the southernmost tip of Kelowna, overlooking Okanagan Lake, exists the neighborhood of Upper Mission. A Residential area packed with schools and walking trails, making this area one of the most sought after in Kelowna. Upper Mission presents a world of opportunity for the discerning luxury home buyer looking for a home that works for any family. With easy access to downtown Kelowna, the beaches of Lake Okanagan, and all the incredible outdoor opportunities that British Columbia has to offer, Upper Mission offers something for every member of the family. For a perfect example of a luxury home in Upper Mission, let’s take a look at 437 Audubon Court in Kettle Valley, available from Quincy Vrecko Real Estate.

437 Audubon Court

luxury home backyard with pool and lawn chairs

Luxury Home located in Kelowna, BC

Built in 2011, this 4 bedroom 5 bathroom luxury home provides warmth and style throughout its 4600 square feet.  Inside you’ll find an enormous, meticulously designed kitchen with top-of-the-line appliances including a beverage centre, wine fridge, and butler pantry. Downstairs features a media room with full wet bar, games room, dining area, and change room with pool access. Outside, you’ll find a double garage and driveway able to fit 4 vehicles. Glass doors lead from a dining room professionally designed for entertaining, into a backyard equipped with full-size saltwater pool. Enjoy the view of the valley your home backs onto as you kick back and relax with family and friends outside by the pool.

Kids can walk to and from school with ease living at 437 Audubon. Forgot your schoolwork at home? No problem, because your house is just minutes away! Kettle Valley Soccer Field and park is less than a 5 minute walk away. This makes life easy for families with active children. With a diverse range of parks within walking distance, it’s easy to live an active life in Upper Mission.

Quincy Vrecko – Luxury Real Estate Expert

luxury home in Kelowna

428 Audubon Court – previously listed with Quincy Vrecko and Associates

Quincy Vrecko is an industry leader in the Kelowna Luxury Real Estate market. With more than 28 years of experience in luxury sales, you can trust Quincy as an authority on Luxury real estate in the Okanagan. Over 60 million dollars in real-estate sold year to date, Quincy Vrecko has the experience to find you the property you’re looking for. Whether it’s 437 Audubon, waterfront properties, luxury penthouses, or all other real estate needs in the Okanagan; if you want it or want it sold, Quincy and his team will get the job done.  Call 250-863-8810

Kelowna Luxury Real Estate

320 Poplar Point

Life in Kelowna is unlike anywhere else. An urban oasis surrounded by spectacular mountain ranges and crisp blue lakes. 320 Poplar Point Drive is a shining example of all that Kelowna luxury real estate market has to offer. Featuring over 4900 square feet of indoor living space and an additional 2000 square feet of outdoor living space. This spectacular waterfront estate has 4 bedrooms, 5 bathrooms and is nestled in one of the most enviable locales of the entire Okanagan. Enjoy a lakeside upper patio designed with two Nanowall stacking units to bring the outdoor living inside. This is truly Okanagan living at its finest.

Luxury Dream Home

Luxury waterfront listing on Lake Okanagan Kelowna

320 Poplar Point – listed with Quincy Vrecko and Associates

Not only does 320 Poplar Point offer a range of world-class luxuries, but its proximity to the city means you can enjoy the peace associated with out-of-town living while never being more than 5 minutes away from all the conveniences you’d expect of city life. Time at the lake and time at the office can be spent in equal measure with access to this Kelowna lakefront. Moreover, when it’s time for fun, you can find it in every direction. Summer or Winter, inside or out; whatever you’re looking for, you can find it in under an hour’s drive of the city. Skiing, hiking, canoeing, boating or just a night out at the movies; life at 320 Poplar Point Drive makes all of these things easily accessible to you.

On top of all these luxuries and conveniences, it’s also important to recognize that Kelowna is enjoying a period of incredible increases in average property values. According to OMREB, Okanagan luxury home values have risen over 40% since this time last year. All signs indicate that this trend is set to continue. Kelowna’s luxury offerings provide tremendous value in terms of luxury, convenience, and investment; so it’s no wonder Kelowna Luxury real estate is such an active market.

Quincy Vrecko Luxury Real Estate

320 Poplar Point is only one of the many luxury properties available in Kelowna. When luxury is the main word used to describe the home you want, nothing but the best in space and utility features must to be considered. Luxury Kelowna real estate has evolved a lot in the last few years. Great offers are made available every day and realtors do their best to make noticeable new deals for their clients.

If you have made your small research on Okanagan luxury real estate, you have definitely discovered at least a few must have items for luxury home buyers. First of all, a home ranging in the category of luxury Kelowna real estate will be one where the owner feels lavished upon.

Features like royalty space, opulence in each and every home item and noticeable extravagance is what home buyers want from the Okanagan luxury real estate market. All the conveniences you could think of, a grand entryway as well as numerous technological innovations transform casual into luxury.

If you are looking for luxury waterfront in Kelowna, contact Quincy Vrecko with Quincy Vrecko and Associates RE/MAX Kelowna. Quincy has over 28 years experience in luxury sales. He is knowledgable in the Kelowna luxury real estate market. Don’t wait to find your dream home today! Contact Quincy Vrecko directly 250-863-8810!

The results are in. According to RE/MAX 2016 property reports, the values of waterfront properties in the Okanagan are appreciating. From the low end of the market to the high, property values are on the rise. This has led to the listing of several interesting properties, most notably 4 180 Sheerwater Court.

Kelowna Waterfront Property Paradise

living room 4 180 Sheerwater Quincy Vrecko Luxury Real Estate

Take a look at 4 180 Sheerwater Court

Currently listed at $10,500,000, this 2.5-acre estate is the pride of the Kelowna Waterfront. With over 11,000 square feet of living space, 5 bedrooms, 9 bathrooms, this luxury home does not disappoint. Other features include a 6 car garage, waterfront access with private beach, six outdoor living spaces, a full spa and outdoor movie theatre. Comparing these amenities to a property of the same value in Vancouver, you’ll find that you can access only a fraction of this luxury for the price. For the same investment in the Okanagan Valley, you can tap into rising property values and enjoy an incredible range of amenities and luxuries not available at this price-point in Vancouver.

4 180 Sheerwater Kelowna waterfront property on Lake Okanagan

4 180 Sheerwater Court – listed with Quincy Vrecko and Associates

Okanagan Valley – A Wise Investment

With impressive views of the beautiful heart of the Okanagan Valley, this Kelowna Waterfront home is a fantastic buy. Set only to appreciate in value as more and more buyers look beyond Vancouver for real estate investments, all signs indicate that an investment in Okanagan Waterfront property is a sound financial decision. As a corporate retreat, family home, or recreational property, there’s no limit to the ways that a property like 4 180 Sheerwater can provide a buyer value.

If you’re looking to maximize the return on your BC property investment, then look no further than 4 180 Sheerwater. The best example of all that Okanagan valley properties has to offer, get more for your dollar by investing outside of Vancouver on this Kelowna waterfront home. Set only to appreciate in value, and providing far more luxury, space, and convenience than equivalent Vancouver properties, it’s a sound financial decision that ought to be considered by anyone looking to invest in B.C. luxury property.

4 180 Sheerwater Luxury real estate waterfront home in Kelowna

4 180 Sheerwater Court – luxury real estate listing

Quincy Vrecko –  Okanagan Property Authority

For information on Okanagan luxury properties, get in touch with Quincy Vrecko. Quincy is an established authority on Okanagan and Kelowna properties. He has his finger on the pulse of the Okanagan luxury property market. Whatever your needs, wants, or expectations in an Okanagan or Kelowna home, from the waterfront and beyond; Quincy will find a property that exceeds them. To find out more contact us:  Quincy Vrecko 250-863-8810 quincy@quincyvrecko.com

Market share

RE/MAX Downtown Kelowna

MARKET SHARE

This article is regarding Market share in Kelowna BC by Quincy Vrecko & Associates Luxury Real Estate

Central Okanagan Monthly Statistics as Reported by OMREB – August 2016.

Stat comparison August 2015 vs August 2016

Number of Sales by Month

Number of Sales Year to date

Residential House prices by Month

Residential House Prices Year to date

Number of units listed

Days to sell by the month – residential

Days to sell by the year to date – residential

SINGLE FAMILY SALES BY PRICE

Price range

Active Inventory

 Thinking of buying one of the Kelowna houses for sale? Get familiar with the Land Transfer Tax process first.

 

When you first began scouring listing after listing of Kelowna houses for sale, house-hunting was exhilarating. Now that you’ve found the perfect home, you’re on the other side—crunching numbers and filling out paperwork. Before you put in an offer, and especially if you’re a first-time homebuyer, one of the less-exciting areas you’ll want to do your homework on is ‘land transfer taxes.’ If you’re not familiar with that term, don’t worry. We’re here to break it down for you. 


What is land transfer tax?
 

Land transfer tax, also referred to as property transfer tax, is a tax imposed by the government when purchasing one of the many Kelowna houses for sale. When you purchase a new home or piece of land that is registered at the Land Title Office, you’re required to pay the tax calculated on the sell price of the home or property.


Who pays land transfer tax?

The buyer is the party that’s responsible for paying this tax.


If I’m a first time buyer, am I required to pay land transfer tax?

Fortunately, there is an exemption for first time homebuyers. This exemption can either reduce or completely eliminate the amount of taxes owed. In order to qualify, you need to meet the following requirements:

  • You’re a Canadian citizen or permanent resident
  • You’ve lived in British Columbia for 12 consecutive months before purchasing a home, or you’ve filed two tax returns as a BC resident in the previous six years
  • You’ve never owned your own home before
  • You haven’t received a first time homebuyer’s exemption before 

To take advantage of the full exemption, the home you’re interested in purchasing must also meet a set of requirements. The property must:

  • Have a BC address
  • Be used as your principal residence
  • Not have a purchase price greater than $475,000
  • Be half an acre or smaller 

If the property doesn’t quite meet these requirements, you may be entitled to a partial exemption.


If I’m not exempt from this tax, how much will I owe?   
 

As of Feb. 16, 2016, the current property transfer tax rates are: 

  • 1% on the first $200,000
  • 2% on the remainder up to and including $2,000,000
  • 3% on any remainder greater than $2,000,000 

Are there any other land transfer tax exemptions available to me when purchasing Kelowna houses for sale? 

Although there are quite a few exemptions available, many homebuyers don’t find that they apply. However, there is another common exemption, and that’s the Newly Built Home Exemption. This exemption applies to any new:

  • home constructed on vacant land
  • apartment in a new condo building
  • manufactured home placed on vacant land 

The property must also: 

  • Have a BC address
  • Be used as your principal residence
  • Not have a purchase price greater than $750,000
  • Be half an acre or smaller

For a complete list of exemptions, check out the Government of B.C.’s website.

If you’re ready to take the plunge into homeownership, consider drawing up a monthly budget first. For tips on making a budget work for you, check out our previous post: 8 Ways to Make Your Budget Stick: Tips From a Kelowna Real Estate Team.

 

If you’re looking for a friendly and knowledgeable real estate agent who can guide you through the experience of buying your first home in the Kelowna area, contact the professionals at Quincy Vrecko and Associates. We’re passionate about what we do and would love to discuss what you value in a home. Call us today: 1-778-760-2860.