1348 Cedar Street
Okanagan Falls, BC V0H1R0
$1,950,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 3.92 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $3,780
Interior
- Fireplace
- None
Exterior & Lot
- Waterfront
- Waterfront on river
Listing Information
- MLS®
- 10392161
- Listed
- June 25, 2026
- Time on market
- On the market for 67 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty · Data source: CREA DDF.
Description
Prime 3.92-acre development opportunity in the heart of Ok Falls. Designated Medium Density Residential (MR) in the Official Community Plan, this strategically located parcel offers excellent potential for future multi-family residential development in a growing South Okanagan community. Surrounded by established strata developments and residential neighbourhoods, the property benefits from a proven development pattern and strong compatibility with surrounding land uses. The largely level site stretches from Cedar Street to the Okanagan River, providing an efficient configuration for planning, access, and future development design. With services nearby and residential growth already established in the immediate area, this property presents a compelling opportunity for developers, builders, and investors seeking their next project. The size and layout of the parcel may also support a phased development approach, offering flexibility throughout the planning and construction process. An existing 1,250 sq. ft. home is situated on the property and may provide interim holding income while development plans are explored. Ideally located at the south end of Skaha Lake, Okanagan Falls continues to attract residents seeking a more attainable lifestyle within the South Okanagan, just minutes from Penticton, wineries, beaches, recreation, and amenities. Buyer to conduct their own due diligence regarding development potential, servicing capacity, zoning, and municipal requirements. (id:63159)
Location Insights
Weather
Nearest station: Penticton
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
15
3/9 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
| School | Type | Distance |
|---|---|---|
| Okanagan Falls Elementary | Elementary | 415 m |
| Kaleden Elementary | Elementary | 5.6 km |
| Princess Margaret Secondary | Secondary | 13.7 km |
| Wiltse Elementary | Elementary | 14.7 km |
| Holy Cross School(Independent) | Elementary/Middle | 16.3 km |
| Columbia Elementary | Elementary | 16.4 km |
| Penticton Christian School(Independent) | K-12 | 16.7 km |
| Entre-lacs | Elementary/Middle | 16.9 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 (2)
- Keogan Park387 m
- Centennial Park567 m
Shopping (1)
- Unnamed · 5350 9th Avenue753 m
Pharmacies (1)
- Pharmasave714 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Similkameen (SD53)
Similar Listings Nearby
No similar listings found nearby right now.
Explore More Homes
Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($390,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.