Okanagan Falls · V0H1R3
$8,013/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Set on an elevated half-acre lot above Skaha Lake, 165 Highlands Drive is the kind of home people move to the Okanagan for. Every principal space faces the valley, and the great room takes full advantage, with vaulted wood-clad ceilings, a wall of glass, and a feature fireplace that brings warmth without pulling your eye from the view. The covered wrap-around deck means you're outside in every season, and the kitchen is the kind you actually want to cook in, with granite countertops, stainless appliances, and a center island big enough to gather around. Five bedrooms and five bathrooms across nearly 4,000 square feet gives everyone room to spread out. The primary suite is a proper retreat, spacious and private with an ensuite bath and those same lake views you won't get tired of. Downstairs, a fully finished two-bedroom, two-bathroom walk-out suite offers real flexibility, whether for family, guests, or a mortgage helper. Out back, a saltwater pool, hot tub, and beautifully kept grounds make it easy to stay home. And when you do want to get out, downtown Penticton is less than fifteen minutes away. The care put into this home over the years is evident the moment you arrive. The current owners have invested consistently in upgrades and it shows in the condition, the details, and the way everything works. Few properties in the Okanagan offer this combination of setting, space, and value, this home is one of them!
5
Beds
3,986 ft²
Floor area
1992
Year built
Single Family
Type
Eastside/Lkshr Hi/Skaha Est
Area
Listed
April 15, 2026
$1,699,000 is 64.7% above the Lower Mainland Composite HPI benchmark of $1,031,500 (2026-04-01).
Nearby & Commute
2h 14m
walk to Real Canadian Superstore
1h 54m
bike to Prairie Valley Station
6h 20m
walk to Prairie Valley Station
10h 19m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 69%
| Detached | 24 | 68.6% |
| Land | 9 | 25.7% |
| Farm | 1 | 2.9% |
| Mobile home | 1 | 2.9% |
| $5,000 to $9,999 | 5 | 1.9% |
| $15,000 to $19,999 | 5 | 1.9% |
| $20,000 to $24,999 | 5 | 1.9% |
| $35,000 to $39,999 | 5 | 1.9% |
| $40,000 to $44,999 | 15 | 5.6% |
| $45,000 to $49,999 | 5 | 1.9% |
| $50,000 to $59,999 | 10 | 3.7% |
| $60,000 to $69,999 | 20 | 7.4% |
| $70,000 to $79,999 | 20 | 7.4% |
| $80,000 to $89,999 | 20 | 7.4% |
| $90,000 to $99,999 | 15 | 5.6% |
| $100,000 to $124,999 | 35 | 13.0% |
| $125,000 to $149,999 | 25 | 9.3% |
| $150,000 to $199,999 | 35 | 13.0% |
| $200,000 and over | 50 | 18.5% |
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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
$8,013
Principal and interest
Calculated estimate
$7,396
Property tax
Calculated estimate
$467/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,599,000
Down payment
Calculated estimate
$319,800 (20%)
Estimated mortgage
Calculated estimate
$1,279,200
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
$8,013
/mo
Rate
%
Amortization
Principal and interest
$7,396
Property tax (est.)
$467
P&I
Tax
Down payment
$319,800 (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 $319,800 down (20%) on $1,599,000, 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.
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.
