ACTIVE LISTINGS
88
homes currently available
WEST KELOWNA NEIGHBOURHOOD GUIDE
SHANNON LAKE Real Estate & Homes for Sale
A small lake park, a golf course and family homes north of Westbank.
SHANNON LAKE, WEST KELOWNA
FAMILY STREETS AROUND A LAKE AND A GOLF COURSE
Shannon Lake is a residential area north of Westbank Centre, home to Shannon Lake Regional Park, Shannon Lake Golf Club and Shannon Lake Elementary.
Housing here is a genuine mix: established detached homes, newer townhome developments along Shannon Lake Road, and manufactured home communities, which gives buyers several price points within one neighbourhood. The City’s Official Community Plan names Smith Creek and Shannon Lake together as one of five neighbourhood centres planned for more housing choice and local services.
CURRENT MARKET INTELLIGENCE
SHANNON LAKE MARKET SNAPSHOT
UPDATED NOVEMBER 8, 2026
NEW LISTINGS · 30 DAYS
23
added to the MLS feedINVENTORY BREAKDOWN
4 TYPES38 houses · 17 apartments · 21 townhomes · 12 manufactured homesHOMES SOLD · 90 DAYS
28
closed salesMEDIAN SOLD PRICE
$687,500
$366/sqftSALE TO LIST
96.1%
median 57 days to sellMONTHS OF INVENTORY
9.4
active ÷ monthly salesPRICE REDUCTIONS · 30 DAYS
15
cut in 30 days, 17% of activeMEDIAN ASKING $ / SQ. FT.
$387
88 eligible listingsBy property type
Houses38 ACTIVE
Median list price$1,050,000
Median price / sq ft$388
Median days on market49
Townhomes21 ACTIVE
Median list price$479,000 to $874,999
Median price / sq ftToo few for a median
Median days on marketToo few for a median
Apartments17 ACTIVE
Median list price$339,000 to $629,000
Median price / sq ftToo few for a median
Median days on marketToo few for a median
Active and sold market data from the Association of Interior REALTORS MLS, as of November 8, 2026. Sold figures are totals and medians of residential sales that closed in the last 90 days; medians are shown only with 5 or more sales. Residential only (houses, apartments, townhouses). Months of inventory requires at least 6 closed sales in the window to be meaningful and reads N/A below that.
SCOTT JENVEY
REAL ESTATE ADVISOR
SCOTT’S MARKET PERSPECTIVE
“SHANNON LAKE OFFERS SEVERAL WAYS INTO ONE NEIGHBOURHOOD.”
SHANNON LAKE is currently favouring buyers. With 88 active properties against 28 closed sales in the past 90 days, selection is substantial and pricing discipline matters. Recent sales have taken a median of 57 days and closed at 96.1% of asking, with buyers negotiating meaningfully below asking. 23 new listings entered the market in the past 30 days. 15 current listings have had a price cut in the past 30 days, 17% of active inventory.
For buyers, compare like with like and price in the full monthly cost, since strata fees on a townhome or site fees in a manufactured home community change the real number. For sellers, the competition that matters is the same type of home in the area right now, not the neighbourhood median.
Read the Okanagan Market Report, the monthly view across the valley by area, home type and price range.
DISCUSS YOUR MOVENeighbourhood Access
Getting around Shannon Lake
How connected homes here are to daily life, measured along the real walking, cycling and road network for every active listing, not straight-line distance.
Average Access Score
39/ 100
Across 88 homes for sale. Higher means more reachable on foot and by bike.
Median drive to main groceries
5min
The nearest full grocery store is more than a 30-minute walk, so this is a typical drive along the road network.
Homes near a park
86%
Share of homes within a 10-minute walk of a park or trail.
Destinations in a 15-min walk
15typical
Shops, cafes, restaurants and services reachable on foot from a typical home.
Median walk to transit
6min
Typical walking time to the nearest bus stop.
Cycling
Limited
Reach by a 10-minute bike ride, with the area's terrain factored in.
Network walking, cycling, transit and driving distances from every active listing, computed on OpenStreetMap, BC Transit and BC school data with an Okanagan terrain adjustment. Produced by A.L.I.C.E.
See each home’s Neighbourhood Access score →Local Facts
Shannon Lake, West Kelowna at a Glance
Location
Shannon Lake is a residential area north of Westbank Centre, home to Shannon Lake Regional Park, Shannon Lake Golf Club and Shannon Lake Elementary.
Housing
Housing here is a genuine mix: established detached homes, newer townhome developments along Shannon Lake Road, and manufactured home communities, which gives buyers several price points within one neighbourhood. The City’s Official Community Plan names Smith Creek and Shannon Lake together as one of five neighbourhood centres planned for more housing choice and local services.
Landmarks and lifestyle
- A 3.7 hectare park beside the lake with a short trail system, a picnic area and a floating dock, plus a children’s Go Fish program each May and June.
- Shannon Lake Golf Club sits on Shannon Lake Road, with a restaurant and nine-hole specials popular with local players.
- Shannon Lake Elementary, a K to 5 school, is on Sandstone Drive within the neighbourhood.
- Detached homes, newer townhomes and manufactured home communities give buyers a range of entry points within one neighbourhood.
Adjacent areas
- SMITH CREEK: Detached homes and canyon trails, to the west.
- WEST KELOWNA ESTATES: Rose Valley and quieter detached streets, to the northeast.
- WESTBANK CENTRE: West Kelowna’s downtown and civic centre, to the south.
Common Questions
What should I know before buying in Shannon Lake, West Kelowna?
Shannon Lake is a residential area north of Westbank Centre with a regional park, a golf course and an elementary school. Housing runs from detached homes to newer townhomes and manufactured home communities, so compare like with like: a strata townhome, a detached house and a manufactured home in a park are different purchases with different costs.
What is Shannon Lake known for?
Shannon Lake Regional Park with its floating dock and Go Fish program, Shannon Lake Golf Club, Shannon Lake Elementary, and a mix of established and newer family housing.
What types of homes are in Shannon Lake?
Detached houses, newer townhomes and manufactured home communities, with some apartments, giving a range of price points.
How is the Shannon Lake real estate market?
Shannon Lake is a mixed market where property type drives price more than location within the neighbourhood. For current active, sold and days to sell figures, see the market snapshot on this page.
Is Shannon Lake a good area to live in West Kelowna?
Shannon Lake suits families and buyers who want a school, a lake park and golf close to home, with housing options from manufactured homes and townhomes to detached houses, and Westbank’s shops a short drive south.
HOMES FOR SALE
EXPLORE SHANNON LAKE LISTINGS
LIVE INVENTORY FROM THE MLS
Listing information last updated on November 8, 2026 at 12:04 PM.
Data provided by: Association of Interior REALTORS®. Listing information is deemed reliable but not guaranteed accurate. REALTOR®, MLS® and the associated logos are trademarks owned by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.
Weighing Shannon Lake against the rest of the valley? Browse Sotheby’s Okanagan real estate from the local office, across Kelowna and the Okanagan.
SCHOOL CATCHMENT GUIDE
START WITH THE ADDRESS, NOT THE ASSUMPTION.
Enter any Central Okanagan street address to identify its elementary, middle, and secondary catchment schools. Results come from geocoding and SD23 boundary data; always confirm enrollment eligibility with the school district.
01ELEMENTARYENTER AN ADDRESS
02MIDDLE SCHOOLENTER AN ADDRESS
03SECONDARYENTER AN ADDRESS
LIFESTYLE & ACCESS
LIVING IN SHANNON LAKE
SHANNON LAKE REGIONAL PARK
A 3.7 hectare park beside the lake with a short trail system, a picnic area and a floating dock, plus a children’s Go Fish program each May and June.
GOLF IN THE NEIGHBOURHOOD
Shannon Lake Golf Club sits on Shannon Lake Road, with a restaurant and nine-hole specials popular with local players.
A NEIGHBOURHOOD SCHOOL
Shannon Lake Elementary, a K to 5 school, is on Sandstone Drive within the neighbourhood.
SEVERAL WAYS IN
Detached homes, newer townhomes and manufactured home communities give buyers a range of entry points within one neighbourhood.
KEEP EXPLORING
NEARBY NEIGHBOURHOODS
YOUR NEXT MOVE
CONSIDERING SHANNON LAKE?
Get a local read on the streets, homes, and opportunities that fit what you’re looking for.
CONTACT SCOTT