This house on Hobson Road in Kelowna, is, according to BC Assessment, the most valuable single family residence in the Okanagan, with an assessed value of $10.5 million. —Image: Google Maps

This house on Hobson Road in Kelowna, is, according to BC Assessment, the most valuable single family residence in the Okanagan, with an assessed value of $10.5 million. —Image: Google Maps

Kelowna’s most expensive home assessed at $10.5 million

The one-storey, 9,761-square-foot, lakeshore home on Hobson Road tops the list again this year

Kelowna is still home to the highest-priced single residential property in the Okanagan, according to B.C. Assessment.

But West Kelowna and Lake Country have homes valued at nearly as much this year.

Once again a waterfront home on Hobson Road in the south Mission area of Kelowna came in as the most expensive residential property in the region with an assessed value of just over $10.5 million.

The 9,761-square-foot, one-storey, four-bedroom house at 4358 Hobson was built in 1974 and sits on 1.764 acres.

Coming in a close second on the list is a single family lakeshore residence at 1683 Pritchard Drive in West Kelowna assessed at $9.7 million.

RELATED: Peachland-Lake Country corridor property assessments continue to rise

Lake Country has the third most valuable residential property, another waterfront house, at 18250 Juniper Cove Road. It is assessed at $9.5 million.

A six-bedroom, nine-bath, 1.5-storey house, located on 38.3 acres at 380 Lochview Road in Kelowna is assessed at $13.6 million but was left off the single family residential list, according to B.C. assessment, because a portion of the property is in the farm classification. That 7,900-square-foot house, with a 7,200-square-foot finished basement, was built in 2005.

The other 43 properties on the list of 45 most valuable in the Okanagan range in assessed value from $5.8 million to $8.5 million. All are described as waterfront properties.

Twenty-seven of them are in the Kelowna, with nine of those on Hobson Road. Seven are in West Kelowna, five are in Lake Country and three are listed as acreages in the Regional District of Central Okanagan.

Of the top 45, only two are located outside the Central Okanagan. Both are single family homes in the north Okanagan on the shores of Kalamalka Lake. One is assessed at just over $6 million, while the other is assessed at just over $6.1 million.

All the Okanagan properties, however, pale in comparison to the assessed value of the most expensive homes in Lower Mainland. There, the top 10 are all located on the west side of Vancouver, and range from a $35 million home on Point Grey Road in the Kitsilano neighbourhood to the provinces most expensive home, a $73.1 million property just up the road on the same street.

B.C. Assessment has released the 2019 property assessments and is mailing out notices this month, including to 208,000 properties in the Okanagan.

It says the majority of Okanagan owners can expect to see increases of between five and 10 per cent compared with last years assessments.

The total value of all Okanagan assessments has risen $10.6 billion from last year’s $108 billion, with $2.5 billion of that from new construction.

The assessment authority says values increased an average of seven per cent in Kelowna, Peachland and Lake Country over the last year, and six per cent in West Kelowna.

The average assessed value in Kelowna is now $632,000, in Lake Country it’s $619,000, in West Kelowna it’s $614,000 and in Peachland it’s $582,500.

The average value of condominiums in Kelowna rose by 10 per cent in the last year to an average of $376,000 and in West Kelowna by nine per cent to $402,000.

The average assessed value of a single family residence in Vernon jumped eight per cent in the last year to $447,000, and in Penticton by eight per cent to $481,000.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A nurse performs a test on a patient at a drive-in COVID-19 clinic in Montreal, on Wednesday, October 21, 2020. THE CANADIAN PRESS/Paul Chiasson
Interior Health reports 16 new COVID-19 cases

423 cases remain active in the region

(Photo by Marissa Baecker/Shoot the Breeze)
B.C. WHL teams to hit the ice with Kelowna, Kamloops hub cities

Kelowna, Kamloops centres chosen to host B.C. WHL teams for 24-game regular season

(CIty of Kelowna)
Kelowna council shoots down Upper Mission subdivision after 8 years of planning

Thomson Flats would have introduced 680 new homes near Kelowna’s southern boundary

Ice rescue on Shannon Lake. Phil McLachlan, Kelowna Capital News.
‘Ice season is over’; West Kelowna crews rescue man from icy lake

A man in his 60’s was pulled from the waters of Shannon Lake after falling through

HOPE Okanagan’s Stay at Home Gala will raise funds to help serve Kelowna and Vernon’s vulnerable. (HOPE Okanagan)
Non-profit hosts virtual gala to support Okanagan’s vulnerable

HOPE Okanagan wants to raise awareness and support for those struggling in the streets

The Independent Investigations Office of B.C. has cleared the Lumby RCMP of any wrongdoing after a missing person was found deceased in December 2020. (IIO photo)
Police watchdog says North Okanagan RCMP played no role in missing person’s death

The body was found by a family member shortly after the RCMP suspended their search

The images are of Bald Eagles feeding.
Photos: Birds of prey

Princeton photographer captures compelling photos of a Bald Eagle breakfast

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

An off-duty Vernon Taxi driver got a 24-hour licence suspension, vehicle towed, after failing a standardized field sobriety test around 1:40 a.m. Tuesday, March 2, 2021. (John E Green - Facebook)
Vernon Taxi towed after driver suspected impaired

Off-duty cab towed from McDonald’s drive-thru early Tuesday morning

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Kamloops This Week
Cause of Kamloops landfill fire may never be known

Fire investigators are dealing with too much destruction in too large an area

Canadian Mental Health Association staff and volunteers experienced increased Crisis Line calls with COVID-related concerns. (CMHA photo)
North Okanagan MP pushes for national suicide hotline

Mel Arnold seeks support from North Okanagan-Shuswap municipalities for 988 hotline

Most Read