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8522 98th Avenue
Osoyoos · Vacant Land
Listed by RE/MAX Realty Solutions · MLS® 10403251
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AMAZING LAKEVIEW PROPERTY with HUGE POTENTIAL!!! Unbelievable opportunity to subdivide this BREATHTAKING LAKEVIEW beautiful property. Set above the orchards and vineyards of the South Okanagan, this 1.416-acre property offers panoramic views of Osoyoos Lake and a rare development opportunity. The parcel may be suitable for subdivision into up to 5 individual lots averaging of approximately 0.28 acres each, or for Low Density Residential development, subject to approval by the local authority. Panoramic VIEWS of Osoyoos Lake, public lake access and boat launch just steps away, quiet rural setting just above orchards and vineyards, minutes to downtown Osoyoos and all amenities. Osoyoos Lake, the warmest freshwater lake in Canada, with summer water temperatures that make swimming, paddleboarding and boating a way of life from late spring into early fall. The lake stretches south across the international border into Washington State, and the name “Osoyoos” comes from the Syilx (Okanagan) word Osoyoos, meaning “narrowing of the waters,” a nod to the sandbar that divides the lake. The South Okanagan region enjoys some of the warmest and sunniest weather in Canada, which supports a thriving wine country. Dozens of wineries line the Osoyoos–Oliver corridor, known as the Wine Capital of Canada, alongside fruit stands, golf courses, hiking trails and a lively downtown. Buyer to verify subdivision potential, zoning, servicing and all measurements with the appropriate authorities.
Home facts
- Property type
- Vacant Land
- Area
- Osoyoos
- Listed
- October 9, 2026
- Structure
- Other
- PID
- 005-042-402
- Common interest
- Freehold
Highlights
- Mountain view
Features and inclusions
- Lot
- Private setting, See remarks
- Community
- Rural Setting
Rooms and building
- Water
- Municipal water
- Utilities
- Water, Sewer, Natural Gas, Electricity, Telephone
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
- $6,157
- Property tax
- $375/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,682
Purchase snapshot
- List price
- $1,299,000
- Down payment
- $259,800 (20%)
- Estimated mortgage
- $1,039,200
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
- $7,329
- 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
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.
- 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
Detached · 34%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.