Property Type: Land / LotOwnership: Freehold

151 CHADWELL Place

Okanagan Falls, BC V0H1R0

$399,999

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.48 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,310.71

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view, View of water, View (panoramic), Unknown

Listing Information

MLS®
10332549
Listed
January 17, 2025
Time on market
On the market for 591 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Parkside Realty · Data source: CREA DDF.

Description

Build your dream home in the highly sought-after Heritage Hills! This exceptional 0.48-acre flat lot is perfectly positioned on a prestigious street, offering breathtaking views of the lake and surrounding vineyards. The lot is easy to build on and comes with engineered plans for a stunning 3,175 sq. ft. home featuring 4 bedrooms and an expansive garage. As an added bonus, many prefabricated walls are included in the sale, saving you time and resources. This property is all about location and views—don’t miss the chance to create your custom masterpiece in one of the most desirable areas! (id:63159)

Location Insights

Weather

Nearest station: Penticton

Mainly Clear

13°C

Mainly Clear

Humidity 81%

Wind NNW 3 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 ElementaryElementary2.8 km
Okanagan Falls ElementaryElementary6.0 km
Princess Margaret SecondarySecondary7.7 km
Wiltse ElementaryElementary8.4 km
Columbia ElementaryElementary10.1 km
Holy Cross School(Independent)Elementary/Middle10.2 km
Penticton Christian School(Independent)K-1210.6 km
Entre-lacsElementary/Middle10.7 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% ($20,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,999.00
Periodic payment — Principal & Interest (monthly)$2,064.52
Additional monthly expenses (strata, tax, utilities, etc.)$109.23
Total monthly cost$2,173.75
Interest paid over 5-yr term$91,712.63
Balance at end of term$287,840.14

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$20,000
Stress test qualifying rate8.09%
Payment you must qualify for$2,922.06

Cash Needed at Closing

Minimum down payment$20,000
Estimated BC PTT$6,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,500

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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