485 Groves Avenue #1101,
Kelowna, BC
$1,079,900
Single Family
Property Description
The True Cost of Ownership
Monthly Finance: $5,379 Taxes & Insurance: $670/mo Total Monthly Investment: $6050
Of this, $2,400/month builds directly toward your purchase price as a Monthly Option Credit — real equity, accumulating from day one.
This program is modeled on true ownership economics: 10% down, 25-year amortization, 4.5% rate, with taxes and insurance flowing through at actual cost — no markups. You’ll enjoy the same bundle of rights as an owner — exclusive use, quiet enjoyment, and the right to sell your interest — with the option to register your interest at the Land Title Office.
The Empowered Renter Program™ Facilitated by Vantage West Realty | Powered by Cash Offer LP and affiliated partners
How it works: Cash Offer LP purchases the home and enters into a lease option agreement with you, the Tenant-Buyer. Vantage West Realty manages applicant approval, and our team works with licensed mortgage brokers to assess affordability and build a plan toward your future purchase.
The most finished unit in the building, #1101 at Sopa Square is a rare opportunity to own a professionally upgraded residence- with TWO PARKING STALLS- in one of Kelowna’s most vibrant locations. With 3 bedrooms, 2 bathrooms, and 1,411 square feet, this home is perfectly suited for downsizers or professionals seeking refined, low-maintenance living. Inside, no detail has been overlooked. Custom hallway built-ins, upgraded pot lighting, and a dedicated office with a built-in desk create both style and function. The living space is anchored by a marble-style fireplace that seamlessly matches the kitchen island, while custom lighting and elevated finishes carry throughout. The third bedroom features custom wainscoting that ties beautifully into the hallway built-ins, creating a cohesive, designer feel that truly stands apart. Expansive windows frame stunning lake, bridge, and valley views, while the walkable location places you steps from shops, dining, and the waterfront. With access to a pool and gym, this is everyday living with a polished edge—where upgrades aren’t just added, they’re thoughtfully done. The upgrades come with the keys!