0.31-acre lot for sale in Kelowna, BC

$499,000 · Kelowna, Regional District of Central Okanagan, British Columbia · 4 km from Kelowna

Advertised on Kijiji as “231 Terrace Drive Kelowna, British Columbia”

$499,000Asking price

0.31Acres

$1,609,677/acPrice per acre

below marketAcreScout value check

7% above the median $1,509,043/ac for the 78 lots of similar size in Regional District of Central Okanagan.
AcreScout's value model, which compares it with the nearest listings of similar size, rates it below market.
No risk flags found in what we check (flood zones, wetland, access, taxes).
Listed May 16, 2026.
Internet: 50/10 Mbps or faster available within about 1 km (ISED National Broadband Data).
Estimate the land transfer tax at this price.

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Similar-sized land in Regional District of Central Okanagan

Listing	Price	Acres	Per acre	Water	Value
0.33-acre lot Vernon	$139,000	0.33	$421,212/ac		below market
0.33-acre lot Kelowna	$149,900	0.33	$454,242/ac		near market
0.32-acre lot on a lake Vernon	$169,900	0.32	$530,938/ac	Lakefront	near market
0.30-acre lot Vernon	$198,000	0.30	$660,000/ac		near market
0.31-acre lot Lake Country	$399,900	0.31	$1,290,000/ac		below market
0.32-acre lot Kelowna	$485,000	0.32	$1,509,043/ac		near market
0.30-acre lot Kelowna	$649,000	0.30	$2,163,333/ac		near market
0.32-acre lot Vernon	$1,375,000	0.32	$4,296,875/ac		above market