Property Type: Land / LotOwnership: Leasehold

1525 Bear Creek Road Unit# 18 Lot# 1525

West Kelowna, BC V1Z3R6

$475,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.21 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Leasehold
Strata / maintenance fee
$100/mo
Annual property tax
$2,075.42

Maintenance Fee Includes

Management

Also included: Ground Maintenance, Other, See Remarks, Reserve Fund Contributions

Interior

Fireplace
None

Exterior & Lot

View
City view, Lake view, View (panoramic)

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10379434
Listed
March 16, 2026
Time on market
On the market for 168 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Assurance Realty Ltd · Data source: CREA DDF.

Description

Spectacular Lakeview Lot!!! Located in Royal Heights gated community, just a couple mins down Westside Rd. from the bridge. This property showcases panoramic Lakeviews and gorgeous Sunrises! Away from the hustle and bustle but just minutes to amenities, shopping, schools, beaches, wineries and more. Fabulous views of holiday fun, starry skies including the occasional fireworks! Bring your own builder and start your new home today! ""View our listing video by clicking the additional photos button or copy and paste ... https://youtu.be/TVhJkFmDhqg (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

4

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 ElementaryElementary1.0 km
Mar Jok ElementaryElementary2.7 km
Hudson Road ElementaryElementary3.7 km
The Balsam School(Independent)Elementary3.8 km
Central SecondarySecondary4.4 km
Central School ProgramsK-124.4 km
St Joseph Elementary School(Independent)Elementary4.6 km
Mount Boucherie SecondarySecondary4.7 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.

Nearby Places

Parks (1)

  • Rock Ridge Park523 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$380,000.00
Periodic payment — Principal & Interest (monthly)$2,451.63
Additional monthly expenses (strata, tax, utilities, etc.)$272.95
Total monthly cost$2,724.58
Interest paid over 5-yr term$108,909.09
Balance at end of term$341,811.23

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,750
Stress test qualifying rate8.09%
Payment you must qualify for$3,469.95

Cash Needed at Closing

Minimum down payment$23,750
Estimated BC PTT$7,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,750

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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