Property Type: Land / LotOwnership: Freehold

125 CABERNET Drive Unit# 32

Okanagan Falls, BC V0H1R3

$289,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.18 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$31/mo
Annual property tax
$418.27

Maintenance Fee Includes

Also included: Other, See Remarks

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)

Listing Information

MLS®
10397821
Listed
August 14, 2026
Time on market
On the market for 17 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Realty Solutions · Data source: CREA DDF.

Description

This incredible view lot in prestigious Heritage Hills is the perfect canvas for your dream home. Offering .179 acres on a slop, easy-to-build with walk-out basement, the property enjoys a rare dual outlook—overlooking the park on one side and toward Skaha Lake on the other. Located on a quiet street near the end of a cul-de-sac, it provides both privacy and a serene setting surrounded by quality homes. A standout opportunity in one of the area’s most sought-after neighborhoods. Call your Realtor today to view. (id:63159)

Location Insights

Weather

Nearest station: Penticton

Mainly Clear

17°C

Mainly Clear

Humidity 67%

Wind NE 4 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Kaleden ElementaryElementary3.0 km
Okanagan Falls ElementaryElementary6.1 km
Princess Margaret SecondarySecondary7.7 km
Wiltse ElementaryElementary8.4 km
Columbia ElementaryElementary10.0 km
Holy Cross School(Independent)Elementary/Middle10.2 km
Penticton Christian School(Independent)K-1210.6 km
Entre-lacsElementary/Middle10.6 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.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$231,200.00
Periodic payment — Principal & Interest (monthly)$1,491.62
Additional monthly expenses (strata, tax, utilities, etc.)$66.21
Total monthly cost$1,557.83
Interest paid over 5-yr term$66,262.58
Balance at end of term$207,965.15

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,111.19

Cash Needed at Closing

Minimum down payment$14,450
Estimated BC PTT$3,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,730

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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