Property Type: Land / LotOwnership: Freehold

1045 Bear Creek Lane Lot# 7

West Kelowna, BC V1Z3T6

$2,000,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
2.49 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$120/mo
Annual property tax
$0

Interior

Fireplace
None

Exterior & Lot

View
City view, Lake view, Valley view

Listing Information

MLS®
10370747
Listed
December 9, 2025
Time on market
On the market for 265 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Welcome to Knights View Estates, the Okanagan’s newest gated community of premier estate lots. This private enclave offers nine oversized parcels starting at 2.48 acres, all with unobstructed views of Okanagan Lake and Downtown Kelowna. Just 10 minutes from the city core, these elevated lots provide clear sightlines and spectacular night views. To the west, enjoy direct access to parkland for lasting privacy. Each lot features a flat building site prepared with substantial earthworks, accessed by a paved private strata road, and serviced with water, electrical, gas, and cable. Design guidelines ensure a high standard of building excellence while allowing freedom of style. Lot 7 spans 2.49 acres with approx. 194 feet of frontage and a +/- 7,707 square foot building area, offering excellent potential for a substantial estate home. Plans by SJT Contracting highlight this potential with a five bedroom, six bathroom home designed for main floor living. The layout features a spacious primary suite on the main level, additional bedrooms below for family or guests, and expansive east-facing windows framing panoramic lake and city views. Seamless flow and thoughtful design combine elegance with functionality, and the plan can be customized to your vision. Freehold title. Disclosure statement available. Gated property; appointment required. Artist’s renderings are for illustrative purposes only. Final construction, materials, and finishes may vary. (id:63159)

Location Insights

Weather

Nearest station: Kelowna

Clear

15°C

Clear

Humidity 76%

Wind NNW 4 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

36,078

(2021 Census)

+10.5% since 2016

Density: 295.5/km²

Dwellings: 14,746

Median household income: $99,000

After-tax: $87,000

Immigrant population: 13.5%

Top countries of origin (% of total population)

  • United Kingdom2.9% · 1,040
  • Germany1.3% · 485
  • United States of America1% · 350
  • Philippines0.7% · 260
  • Poland0.6% · 200
  • Netherlands0.5% · 190
  • India0.5% · 190
  • South Africa, Republic of0.4% · 145

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Rose Valley ElementaryElementary2.4 km
The Balsam School(Independent)Elementary3.9 km
Mar Jok ElementaryElementary4.0 km
Central SecondarySecondary4.8 km
Central School ProgramsK-124.8 km
St Joseph Elementary School(Independent)Elementary5.1 km
Hudson Road ElementaryElementary5.2 km
Bankhead ElementaryElementary5.3 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Parks (1)

  • Unnamed368 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($400,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,600,000.00
Periodic payment — Principal & Interest (monthly)$10,322.66
Additional monthly expenses (strata, tax, utilities, etc.)$120.00
Total monthly cost$10,442.66
Interest paid over 5-yr term$458,564.60
Balance at end of term$1,439,205.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$400,000
Stress test qualifying rate8.09%
Payment you must qualify for$12,303.44

Cash Needed at Closing

Minimum down payment$400,000
Estimated BC PTT$38,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$439,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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