About this home

Attention Developers & Investors Best Priced Single Family Home in the Heart of Osoyoos! 7209 Heron Lane presents exceptional value with outstanding future potential. Situated on just over 5,600 sq/ft, this property features a small 2-bedroom, 1-bathroom home ideal for a handyman project, rental holding property, or future redevelopment. Located right in the heart of Osoyoos, you’re just steps to downtown, Main Street shops and coffee spots, the elementary school, library, community centre, medical offices, and only minutes to Osoyoos Lake and Gyro Beach. Walkability and convenience truly set this property apart. From a development standpoint, the upside is significant. Zoned RM1 (Multiple Family Residential), the property offers strong density potential. Under the proposed zoning bylaw, there may be allowance for up to 3 storeys and 4-6 units, with a 15m height limit and possible lake views from upper levels. Whether you’re looking to renovate and hold, build multi-family, or secure land in a prime in-town location, this property checks all the boxes. Opportunities like this at this price point are rare in Osoyoos. Don’t miss your chance to capitalize on the upside.

Home facts

Bedrooms: 2
Bathrooms: 1 full
Year built: 1947
Storey: 1
Parking: 1
Property type: Single Family
Area: Osoyoos
Style: Ranch
Listed: February 13, 2026
Structure: House
PID: 002-612-828
Common interest: Freehold

Features and inclusions

Heating: Baseboard heaters, Electric
Roof: Asphalt shingle, Unknown
Parking: Street

Rooms and building

Sewer: Municipal sewage system
Water: Municipal water

Listed by RE/MAX Realty Solutions. Last updated Oct 10, 2026, 2:01 AM.

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: $1,417
Property tax: $83/mo
Home insurance: $150/mo
Estimated monthly total: $1,651

Purchase snapshot

List price: $299,000
Down payment: $59,800 (20%)
Estimated mortgage: $239,200

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

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: $1,687; At 5.6420 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

Neighbourhood

Open the map

Walk to Save-On-Foods8 min

Bike to Prairie Valley Station5h 3m

Walk to Prairie Valley Station16h 49m

Drive to downtown Vancouver10h 40m

Estimated travel times. Map data © OpenStreetMap contributors.

Land and hazards

What the maps say about this land

Provincial designations and mapped natural hazards at this location.

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

Condo / Apartment · 40%

Homes for sale nearby, by type

Condo / Apartment120 for sale

Detached93 for sale

Townhouse36 for sale

Land31 for sale

Other14 for sale

Mobile home9 for sale

Active listings within 3 km of this home.

Homes built in Osoyoos, by type

Low-rise apartment42.4% · 125

Single-detached30.5% · 90

Row house8.5% · 25

Apartment in duplex8.5% · 25

Semi-detached5.1% · 15

Movable dwelling5.1% · 15

Source: Statistics Canada, 2021 Census of Population. 295 dwellings.

Who lives here

Statistics Canada area 59070292 · Osoyoos

Median age: 61
Renter households: 29%
Average household size: 1.9
Median household income: $55,600

Population (2021): 568
Median rent: $1,080
Owner shelter cost: $840
30%+ of income on shelter: 24%
Owner households: 69%
Households with kids: 17%
Immigrants: 15%
Post-secondary: 42%
Average home value (2021): $428,000

Breakdown

$15,000 to $19,9991.7% · 5

$20,000 to $24,9998.6% · 25

$25,000 to $29,9993.4% · 10

$30,000 to $34,9995.2% · 15

$35,000 to $39,9998.6% · 25

$40,000 to $44,99910.3% · 30

$45,000 to $49,9995.2% · 15

$50,000 to $59,99910.3% · 30

$60,000 to $69,9996.9% · 20

$70,000 to $79,9998.6% · 25

$80,000 to $89,9995.2% · 15

$90,000 to $99,9996.9% · 20

$100,000 to $124,9998.6% · 25

$125,000 to $149,9996.9% · 20

$150,000 to $199,9991.7% · 5

$200,000 and over1.7% · 5

Source: Statistics Canada, 2021 Census Profile, dissemination area 59070292.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Building and renovation permitsConfirm that significant work was properly permitted.
Survey or site planReview boundaries, structures, and encroachments.

Availability is not guaranteed. Review documents with a professional.