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August CollectionMLS® #10377588other

3194 Dunster Road

3194 Dunster Road, Kelowna, British Columbia

$5,200,000

Bedrooms

Bathrooms

974

Sq Ft

Property Description

9.3 predominately flat acres, perfectly situated for those longing for the balance of urban convenience with rural tranquility. The magic of the big sky and twinkle factor of the city skyline at night is only part of this legacy properties allure. The 4200 +/- sq ft home with the Primary bedroom on the main floor, has been designed to create a space that is both a sanctuary & a source of inspiration. Created with flexibility in mind: 4 beds + 5 baths in the main house, an additional legal 1 bed, 1 full bath suite with huge deck & an additional 1/2 bath in the pool house. This home embraces the unique opportunity to experience a spacious & private retreat amongst a small vineyard & apple orchard with all the comforts of city life just 10 mins away. Every bdrm is appointed with its own ensuite & private deck. The perfect place to unwind, entertain & enjoy the beauty of the outdoors in a truly exceptional setting. Additionally, there is a detached multipurpose art/studio/wrkshp with over-height garage door (4 cars). Bright open art studio, washroom and ample power. Above the attached oversized 3 car garage, the +/- 974 sq ft legal suite incorporates high ceilings & large windows, providing an abundance of natural light, views & a sense of airiness. The suites large balcony allows guests to enjoy lake&mountain views during the day and the city lights/twinkle factor at night. Attention Equestrians, Small Batch Distillers, those creative entrepreneurial agri-tourism minds. (id:3745)

Description sourced from MLS® listing. Content courtesy of the listing brokerage.

Quick Cost Snapshot

Estimates only — not financial advice. Based on list price with 20% down at 4.5% over 25 years.

$23,123

Est. Monthly Mortgage

$1,040,000

Down Payment (20%)

Location Highlights

Approximate distances from this property.

Shopping & Dining

Nearby amenities in Kelowna

Schools

Public & private schools nearby

Healthcare

Hospitals & clinics in the area

Parks & Recreation

Outdoor spaces & trails

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Part of the August Collection. Listing data courtesy of Sotheby's International Realty Canada.

Property Details

TypeSingle Family

Price / Sq Ft$5,339

CityKelowna

Market Position

Est. $/Sq Ft$1238.25

Market TrendAppreciating

Luxury properties of this unique caliber in Kelowna typically experience longer days on market compared to average residential sales, as they cater to a specific and discerning buyer pool.

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Market Intelligence

Independent market analysis powered by August Intelligence. This commentary is not affiliated with the listing brokerage.

Market Analysis

The luxury single-family home market in Kelowna, particularly for properties offering significant acreage and unique lifestyle propositions, continues to demonstrate resilience and strong demand. While overall market activity has seen some moderation from peak pandemic levels, the upper echelons remain competitive, driven by both local and inter-provincial migration seeking quality of life and investment opportunities. Properties that combine urban proximity with rural features like vineyards or orchards are particularly coveted, as they cater to a niche but affluent buyer segment looking for an elevated living experience. The specific segment for properties with substantial acreage (9.3 acres in this case), agricultural potential (vineyard, orchard), and multiple dwelling units (main house + legal suite + pool house + studio) is exceptionally tight. These properties are not easily replicated and thus command a premium. Buyers in this segment are often less sensitive to minor interest rate fluctuations and more focused on long-term value, privacy, and the unique amenities offered. The Okanagan's reputation as a world-class wine region and a growing hub for agri-tourism further bolsters this market niche. Despite broader economic uncertainties, the Kelowna luxury real estate market benefits from sustained interest in lifestyle properties. The limited inventory of truly unique offerings ensures that well-positioned and meticulously maintained estates, especially those with income-generating potential or multi-generational living options, attract serious attention. The market for such bespoke properties is less about general housing trends and more about the specific value proposition and desirability of the individual asset.

Price Positioning

At a list price of $5,200,000 for a 9.3-acre estate with a 4200 sq ft main home, multiple additional dwellings (legal suite, pool house, studio), and agricultural features, this property is positioned at the premium end of the Kelowna luxury market. Its pricing reflects the significant land value, the extensive improvements, the unique lifestyle offering, and the rarity of such a comprehensive package within close proximity to the city. Compared to other high-end properties, its value proposition is enhanced by the income-generating potential and the multi-functional spaces, which justify a higher price point per overall utility.

Demand Drivers

Scarcity of large, private estates with agricultural potential near urban centers

Desire for multi-generational living and income-generating opportunities (legal suite, agri-tourism)

Lifestyle appeal of Okanagan Valley (wine country, outdoor recreation, climate)

Strong inter-provincial migration to BC for quality of life and investment

Flexibility for creative entrepreneurial ventures (equestrian, distillers, art studio)

Risk Factors

High initial capital outlay and ongoing maintenance costs for a large estate

Potential for agricultural operations (vineyard/orchard) to require specialized knowledge and labor

Market sensitivity to luxury segment demand and economic fluctuations

Limited pool of buyers for properties of this scale and price point

Property Highlights

9.3 predominately flat acres with small vineyard and apple orchard

4200 sq ft main home with 4 beds, 5 baths, primary on main

Legal 974 sq ft 1-bed, 1-bath suite with lake/mountain views and large deck

Detached multipurpose art studio/workshop with over-height 4-car garage

Pool house with additional 1/2 bath

Every bedroom with ensuite and private deck

Urban convenience (10 mins to city) with rural tranquility

Potential for agri-tourism, equestrian, or creative entrepreneurial ventures

Neighbourhood

Kelowna Insights

Independent neighbourhood analysis by August Intelligence.

Situated in Kelowna, this property benefits from the unique advantage of offering rural tranquility while being just 10 minutes from urban conveniences. The neighbourhood, while not explicitly defined beyond 'Kelowna,' implies a location that balances privacy and accessibility. Residents can enjoy the peace and quiet of expansive acreage, complete with natural beauty and city skyline views, without sacrificing access to essential services, upscale dining, shopping, and cultural attractions that Kelowna city centre provides. Amenities in Kelowna are extensive, ranging from world-class wineries and golf courses to recreational opportunities on Okanagan Lake, including boating, swimming, and hiking. The city boasts a thriving culinary scene, a growing tech sector, and excellent healthcare facilities. For families, Kelowna offers a wide array of public and private schools, including post-secondary institutions like UBC Okanagan. While walkability directly from the property might be limited due to its rural setting, the short drive to urban hubs ensures that all necessary amenities are within easy reach, providing an ideal blend of country living and city access.

Lifestyle

Life at This Address

Imagine waking up to the serene quiet of your own 9.3-acre estate, the morning sun casting long shadows across your private vineyard and apple orchard. Your day begins with a stroll through the meticulously maintained grounds, perhaps checking on the vines or enjoying a cup of coffee on one of your many private decks, taking in the panoramic views of the big sky and distant city skyline. This is a sanctuary where the balance of urban convenience and rural tranquility is not just a dream, but your daily reality. The main residence, a spacious 4200 sq ft home, offers a primary bedroom on the main floor, ensuring comfort and accessibility, while every additional bedroom boasts its own ensuite and private deck, providing unparalleled privacy for family and guests. Throughout the day, the property transforms to meet your every need. Perhaps you're cultivating your small vineyard, tending to the apple orchard, or engaging in a creative pursuit in the detached multipurpose art studio, complete with over-height garage doors for your collection of vehicles or specialized equipment. The legal 974 sq ft suite above the attached garage offers a bright, airy space for guests or as a rental opportunity, providing stunning lake and mountain views by day and the 'twinkle factor' of city lights by night. Evenings are for entertaining, with ample space for gatherings, or unwinding by the pool house, reflecting on the beauty of your surroundings. This is more than a home; it's a legacy property designed for those who seek a truly exceptional life. It's a place where equestrian enthusiasts can envision their dreams, where small-batch distillers can find their inspiration, and where creative entrepreneurial minds can flourish. Just 10 minutes from the vibrant heart of Kelowna, you have the best of both worlds: a private, spacious retreat amidst nature, with all the comforts and amenities of city life at your fingertips. It's a canvas for a life well-lived, offering flexibility, beauty, and endless possibilities.

Investment Analysis

Investment Potential

Independent investment commentary. Not financial advice.

This property presents a compelling investment thesis, primarily driven by its unique combination of significant land, luxury accommodations, and agricultural potential. The 9.3 predominately flat acres, complete with a small vineyard and apple orchard, offer opportunities for agri-tourism or small-batch production, which can generate additional income streams beyond traditional rental. The legal 1-bedroom suite and potential for other ancillary income (e.g., event hosting, studio rental) further enhance its revenue-generating capabilities, providing a diversified income portfolio that can offset carrying costs and improve overall yield. Appreciation outlook for such a distinctive property in Kelowna remains robust. While short-term market fluctuations can occur, the scarcity of large, private estates with agricultural components within close proximity to urban amenities ensures long-term value appreciation. Kelowna's continuous growth as a desirable destination for both lifestyle and business, coupled with the finite supply of land, underpins strong capital growth potential. Investors are not just acquiring a home but a multi-faceted asset with both lifestyle and economic value, positioning it well for sustained appreciation over the next decade.

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Location

Property Location

Location

Third-party listing — not listed by August Real Estate Group. Information sourced from the MLS® system for market intelligence purposes only. August Intelligence analysis represents independent market commentary, not a listing presentation. Data deemed reliable but not guaranteed; verify independently. MLS®, REALTOR® are trademarks of CREA. Licensed under BCFSA.

Listing Courtesy Of

Sotheby's International Realty Canada

Geoff Hall

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The information contained herein is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS® System. Listing data last updated via DDF® feed.