- Active
415 Commonwealth Road
Kelowna · Recreational
Listed by Royal LePage Kelowna · MLS® 10401138
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Sign inAbout this home
Welcome to one of the nicest lakefront lots at Holiday Park Resort! This exceptional 4,300 sq. ft. leased lot offers a rare combination of privacy, outdoor living, and year-round resort lifestyle along beautiful Ellison Lake. Featuring a 2046 lease, this prime waterfront property is thoughtfully designed for enjoying every season. The impressive 14' x 30' deck creates an incredible outdoor living space, complete with an amazing covered outdoor kitchen—perfect for entertaining family and friends. Two lakeside pergolas feature lighting and privacy screens, creating inviting spaces to relax and take in the lake views. An outdoor bath house with hot water on demand adds convenience and functionality. The spacious lot also offers a large grass area, abundant storage, mature maple trees, and a stunning willow tree that adds character and charm. Enjoy direct access to an incredible array of resort amenities including pickleball, a 6-hole golf course, fitness centre, indoor and outdoor pools, hot tubs, and Thyme Restaurant. Located just minutes from the Okanagan Rail Trail for biking and hiking, with easy access to nearby breweries, wineries, and YLW Airport, this property is ideally situated for recreation and convenience. Annual maintenance fee is $5,783. With no property transfer tax, this is a fantastic opportunity to own a piece of the Okanagan lakefront lifestyle and enjoy everything Holiday Park Resort has to offer.
Home facts
- Property type
- Recreational
- Area
- Lake Country East / Oyama
- Listed
- September 18, 2026
- Structure
- Other
- PID
- 902-012-712
- Common interest
- Leasehold
Highlights
- Waterfront
- Gym
- Golf course
Features and inclusions
- Community
- Seniors Oriented, Pets Allowed, Pets Allowed With Restrictions
Rooms and building
- Sewer
- Septic tank
- Water
- Municipal water
- Utilities
- Water, Sewer, Electricity, Cable
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $3,256
- Property tax
- $200/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,606
Purchase snapshot
- List price
- $687,000
- Down payment
- $137,400 (20%)
- Estimated mortgage
- $549,600
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $3,270
- At 4.7595 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $2,098 a month
- Gross yield
- 3.7%
Estimated rent from CMHC average rents for the region, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Climate
What the weather is like in Kelowna
Ten year average, 2016–2025.
- Average temperature
- 9.6°C
- Daily mean across the year.
- Yearly precipitation
- 242 mm
- On the drier side for BC.
- Bright sunshine
- 1,949 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Agricultural Land Reserve
- In the ALR
- Provincial farmland protection restricts subdivision and non-farm use.
- Wildfire interface
- Extreme risk
- 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.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Mobile home · 45%
Who lives here
Documents
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