All but 5 of 100 most expensive homes in Thompson-Okanagan are lakefront
Of the 100 homes with the highest assessed value in the Thompson-Okanagan region by B.C. Assessment, all but five are listed as waterfront.
Topping the list is 4358 Hobson Road at $14 million. It was ranked number two last year at $10.6 million.
In 2019 the property, which had the highest assessed value that year, was listed by the City of Kelowna as one of a number of properties headed for its annual property tax sale. Enough of the outstanding taxes were paid to keep it from going on the auction block.
Last year, a home at 12990 Pixton Road in Kelowna was listed with the highest assessed value at $10.7 million. This year it’s in second place at $13.6 million.
READ MORE: Three homes in Central Okanagan are worth more than $10M
There are now 15 homes in the Central Okanagan – and all of the Interior – assessed as being worth more than $10 million, up from three last year.
An acreage at 345 Lower Bench Road in Penticton is ranked 43rd on the list of top 100 for the Thompson-Okanagan. At just under $8 million, it’s the highest ranked non-waterfront home.
It’s listed as acreage but has a 7,262 square foot home on it, according to the B.C. Assessment listing. It’s on 9.64 acres and sold on May 10, 2020 for $6.5 million.
Three of the four other non-waterfront homes on the list are clustered close together as units 19, 20 and 23 at 180 Sheerwater Court, a high-end gated subdivision in the Clifton Road area of Kelowna. Their assessed values range from $6.6 million to $7.3 million. At least two have access to waterfront docks down a steep hill.
Two other properties at 180 Sheerwater Court are listed as waterfront and carry much higher assessments. Unit 4 is assessed at $8.5 million and Unit 10 is assessed at $11.9 million and ranked as the sixth most expensive property in the Interior.
It recently sold but the sale price has not yet been listed in the B.C. Assessment data base. The asking price was almost $13 million.
READ MORE: Second $10-million-plus house sold in Kelowna this year
The only other non-waterfront home on the list is 133 Ravine Drive in Coldstream, assessed at $6.6 million. It’s on five acres and has a 15,000 square foot home on it.
It was slated to go to auction with a sale price of almost $13 million last spring but the auction was cancelled.
READ MORE: iN VIDEO: $13M asking price on world class North Okanagan estate
While these Okanagan properties may seem pricey, they’re not in the same league as some Lower Mainland properties. In fact, the most expensive home in the Interior ranks as 296 on the list of the 500 highest assessed properties in B.C. Only eight Interior homes make the list.
The most expensive home in B.C. continues to be 3085 Point Grey Road in Vancouver which is valued at $73.1 million.
The Lower Mainland has 50% of the province’s 2.1 million properties and holds 72% of their $2.44 trillion value.
The Thompson-Okanagan has 286,443 properties valued at $204 billion, which is up $3 billion from last year.
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