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Lot 3 Shannon View Drive
West Kelowna · Vacant Land
Listed by Royal LePage Kelowna · MLS® 10396738
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Sign inAbout this home
Mountain multifamily development site for sale in West Kelowna! Expansive panoramic views within the Shannon Lake community overlooking Shannon Lake Golf Course, Shannon Lake, neighbouring hillside, Lake Okanagan and West Kelowna. The site is approximately 13 acres, with a blend of natural landscapes, a solid base with some excellent building sites and rock faces. There is a roughed in driveway from Shannon View Road to the top of the site, and various potential building site throughout. Current zoning is R3 - Low Density Multiple Residential, and the OCP encourages a mix of uses, forms and styles for medium density. Potential for development of a blend of Townhouse and Apartment Buildings. The pinnacle signature part of the development will be at the peak of the site, overlooking Shannon Lake Golf Course, Shannon Lake, extending to Lake Okanagan. It is reported that there is minimal offsite servicing of sidewalk, curb and excavation required at the site entrance. and that all off sites are in place with services located at the lot line. The topography of the property would indicate more complex on-site servicing.
Home facts
- Property type
- Vacant Land
- Area
- Shannon Lake
- Listed
- August 6, 2026
- Structure
- Other
- PID
- 006-578-284
- Common interest
- Freehold
Highlights
- Golf course
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Water, Sewer, Natural Gas, Electricity, Cable, 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
- $9,456
- Property tax
- $583/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $10,189
Purchase snapshot
- List price
- $1,995,000
- Down payment
- $399,000 (20%)
- Estimated mortgage
- $1,596,000
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
- $9,898
- At 4.9615 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
- 1.3%
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.
- 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 · 37%
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.
