Okanagan Falls · V0H1R0
$9,737/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Strategic 3.92-acre development opportunity in the core of Okanagan Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this site is well-positioned for future multi-family development, with established strata communities on both sides supporting continued residential growth. The property is predominantly flat and extends from Cedar Street through to the river, offering a practical and efficient layout for site planning. With existing access, nearby services, and surrounding density already in place, this parcel presents a compelling opportunity for developers seeking a viable project in an emerging market. The size and configuration may lend itself to a phased approach, allowing flexibility in planning and execution. A 1,250 sq ft, 2-bedroom, 1-bath home currently occupies the property and may provide holding income during the planning and approval process. Located just south of Penticton at the base of Skaha Lake, Okanagan Falls continues to see interest from buyers seeking more attainable housing options within the South Okanagan. Buyer to verify all development potential, servicing, and zoning requirements with the appropriate authorities. Viewing by appointment only.
1
Beds
1,267 ft²
Floor area
1950
Year built
Single Family
Type
Okanagan Falls
Area
Listed
July 2, 2025
$2,175,000 is 32.1% above the Lower Mainland Single Family HPI benchmark of $1,647,000 (2026-04-01).
Nearby & Commute
3h 55m
walk to Real Canadian Superstore
2h 19m
bike to Prairie Valley Station
7h 44m
walk to Prairie Valley Station
10h 15m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 44%
| Detached | 15 | 44.1% |
| Mobile home | 6 | 17.6% |
| Condo / Apartment | 5 | 14.7% |
| Townhouse | 5 | 14.7% |
| Land | 2 | 5.9% |
| Other | 1 | 2.9% |
| Under $5,000 | 5 | 1.9% |
| $15,000 to $19,999 | 5 | 1.9% |
| $20,000 to $24,999 | 20 | 7.5% |
| $25,000 to $29,999 | 10 | 3.8% |
| $30,000 to $34,999 | 10 | 3.8% |
| $35,000 to $39,999 | 10 | 3.8% |
| $40,000 to $44,999 | 15 | 5.7% |
| $45,000 to $49,999 | 20 | 7.5% |
| $50,000 to $59,999 | 25 | 9.4% |
| $60,000 to $69,999 | 25 | 9.4% |
| $70,000 to $79,999 | 20 | 7.5% |
| $80,000 to $89,999 | 20 | 7.5% |
| $90,000 to $99,999 | 10 | 3.8% |
| $100,000 to $124,999 | 30 | 11.3% |
| $125,000 to $149,999 | 10 | 3.8% |
| $150,000 to $199,999 | 25 | 9.4% |
| $200,000 and over | 5 | 1.9% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$9,737
Principal and interest
Calculated estimate
$9,020
Property tax
Calculated estimate
$567/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,950,000
Down payment
Calculated estimate
$390,000 (20%)
Estimated mortgage
Calculated estimate
$1,560,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$9,737
/mo
Rate
%
Amortization
Principal and interest
$9,020
Property tax (est.)
$567
P&I
Tax
Down payment
$390,000 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $390,000 down (20%) on $1,950,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Sits in a provincially mapped floodplain. Expect flood-related insurance and financing conditions.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
