Property Type: Detached HouseOwnership: Freehold

1483 Main Street

Olalla, BC V0X1N6

$414,000

2 bed1 bath1 parking898 sqftBuilt 1969
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.48 acres
Frontage
120 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,036.25

Interior

Basement
Crawl space
Heating
Forced air, See remarks
Fireplace
Yes (1)
Fireplace type
Wood, Conventional

Exterior & Lot

Exterior features
Vinyl siding
View
Mountain view, Valley view

Building

Foundation
Block
Roof
Metal, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Other, RV, Additional Parking

Room Dimensions

RoomLevelDimensions
OtherMain level16'4'' x 11'5''
Living roomMain level15'0'' x 9'6''
KitchenMain level12'5'' x 9'11''
Dining roomMain level8'10'' x 7'7''
Primary BedroomMain level12' x 10'4''
BedroomMain level11'5'' x 7'9''
4pc BathroomMain level

Listing Information

MLS®
10381984
Listed
April 2, 2026
Time on market
On the market for 151 days
Data last synced
August 28, 2026

Listing provided by: Royal Lepage Locations West · Data source: CREA DDF.

Description

This unique almost 1/2 an acre (0.482) is located 25 minutes from Penticton and 10 minutes to Keremeos. 2 bedroom, 1 bathroom home has a 16x24 detached workshop for the handy person in the family. Carport with additional secure storage and a circular driveway that will accommodate RV's, bring the pets as this corner lot is fully fenced with chain link. Enjoy the summer months in the 11x11 screened in front porch that wraps around or take a walk over the bridge to find your own private creekfront paradise. Natural gas furnace & range. Spectacular screened in sun porch and wrap around deck, large multi purpose room with washer/dryer could be family room/hobby/office, vinyl windows, Osborne wood stove (needs WETT), laminate flooring, 2005 septic tank and bed, 2024 septic tank pumped, 2018 metal roofing on house & carport. (id:63159)

Values & Trends

This listing

$461/sqft

Building average

No other active listings in this building

Keremeos Rural Olalla average

$315/sqft

4 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Penticton

Mainly Clear

16°C

Mainly Clear

Humidity 68%

Wind N calm 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
Similkameen Secondary AltSecondary6.1 km
Similkameen Elem-SecondaryK-126.1 km
Cawston Primary SchoolElementary10.5 km
Okanagan Falls ElementaryElementary20.3 km
Kaleden ElementaryElementary21.7 km
Oliver ElementaryElementary21.8 km
Southern Okanagan AltSecondary21.9 km
Southern Okanagan SecondarySecondary21.9 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.

School district: Okanagan-Similkameen (SD53)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($20,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$331,200.00
Periodic payment — Principal & Interest (monthly)$2,136.79
Additional monthly expenses (strata, tax, utilities, etc.)$214.69
Total monthly cost$2,351.48
Interest paid over 5-yr term$94,922.87
Balance at end of term$297,915.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$20,700
Stress test qualifying rate8.09%
Payment you must qualify for$3,024.34

Cash Needed at Closing

Minimum down payment$20,700
Estimated BC PTT$6,280
Legal / closing costs (typical estimate)$1,500
Total cash needed$28,480

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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