Okanagan Falls · V0H1R0
$9,737/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Prime 3.92-acre development opportunity in the heart of Ok Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this strategically located parcel offers excellent potential for future multi-family residential development in a growing South Okanagan community. Surrounded by established strata developments and residential neighbourhoods, the property benefits from a proven development pattern and strong compatibility with surrounding land uses. The largely level site stretches from Cedar Street to the Okanagan River, providing an efficient configuration for planning, access, and future development design. With services nearby and residential growth already established in the immediate area, this property presents a compelling opportunity for developers, builders, and investors seeking their next project. The size and layout of the parcel may also support a phased development approach, offering flexibility throughout the planning and construction process. An existing 1,250 sq. ft. home is situated on the property and may provide interim holding income while development plans are explored. Ideally located at the south end of Skaha Lake, Okanagan Falls continues to attract residents seeking a more attainable lifestyle within the South Okanagan, just minutes from Penticton, wineries, beaches, recreation, and amenities. Buyer to conduct their own due diligence regarding development potential, servicing capacity, zoning, and municipal requirements.
Vacant Land
Type
Okanagan Falls
Area
Listed
June 25, 2026
Nearby & Commute
3h 55m
walk to Real Canadian Superstore
2h 20m
bike to Prairie Valley Station
7h 44m
walk to Prairie Valley Station
10h 16m
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% |
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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.
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.
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.
