Property Type: Detached HouseOwnership: Freehold

16515 Commonage Road

Lake Country, BC V4V1B3

$998,800

3 bed2 bath4 parking1,859 sqftBuilt 1990
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.97 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,891.31

Interior

Basement
Crawl space
Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Flooring
Tile, Laminate

Exterior & Lot

View
Lake view, Mountain view, Unknown

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
4

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level14'2'' x 12'8''
Laundry roomMain level11'11'' x 9'9''
OtherMain level10'4'' x 5'0''
StorageMain level5'5'' x 10'1''
FoyerMain level8'5'' x 10'6''
Living roomMain level22'3'' x 16'9''
Dining roomMain level10'7'' x 16'2''
KitchenMain level17'9'' x 16'3''
4pc BathroomMain level9'5'' x 11'
Full ensuite bathroomMain level9'3'' x 8'10''
BedroomMain level14'0'' x 10'1''
BedroomMain level13'2'' x 10'1''

Listing Information

MLS®
10392069
Listed
June 21, 2026
Time on market
On the market for 71 days
Data last synced
August 28, 2026

Listing provided by: FaithWilson Christies International Real Estate · Data source: CREA DDF.

Description

Rarely does a fully renovated, one level rancher under $1,000,000 offer this calibre of lifestyle. Situated in the coveted Carrs Landing area of Lake Country — one of the Okanagan's most prestigious addresses — where luxury estates, world class wineries and the shimmering waters of three stunning lakes define an exceptional way of life. Surrounded by Okanagan Lake, Wood Lake and Kalamalka Lake — all within minutes of your doorstep — this is a setting very few properties in BC can claim. This stunning 3 bedroom, 2 bathroom home delivers modern luxury, breathtaking lake views and maintenance free living — all on one floor. The open concept living space is bathed in natural light with a gourmet kitchen featuring quartz countertops, custom cabinetry, high end appliances and a generous island. The living room anchors around a cozy gas fireplace. The primary bedroom features a walk-in closet and spa-inspired ensuite, two additional bedrooms, full bathroom and a versatile laundry room — perfect as a home office or flex space. Outside, gather around the firepit as the sun dips and the lakes shimmer below. Just down the street sits O'Rourke Family Estate — one of Canada's most extraordinary destination wineries. Predator Ridge Golf and the Scenic Sip Wine Trail are minutes away. Fully renovated. Move in ready. One level. Under a million. Opportunities like this do not last. (id:63159)

Values & Trends

This listing

$537/sqft

Building average

No other active listings in this building

Lake Country North West average

$506/sqft

34 active listing(s)

Parking: 4 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: 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

15,817

(2021 Census)

+22.4% since 2016

Density: 129.5/km²

Dwellings: 6,852

Median household income: $98,000

After-tax: $87,000

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom2.7% · 425
  • Germany1.3% · 200
  • United States of America1% · 160
  • India0.8% · 120
  • South Africa, Republic of0.3% · 55
  • Philippines0.3% · 55
  • Netherlands0.3% · 50
  • Russian Federation0.2% · 35

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Oyama Traditional SchoolElementary5.8 km
Davidson Road ElementaryElementary8.3 km
George Elliot SecondarySecondary10.8 km
Peter Greer ElementaryElementary11.0 km
HS Grenda Middle SchoolMiddle11.0 km
Okanagan Landing ElementaryElementary14.8 km
Ellison ElementaryElementary17.1 km
Clarence Fulton SecondaryElementary17.2 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: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,880) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$799,040.00
Periodic payment — Principal & Interest (monthly)$5,155.13
Additional monthly expenses (strata, tax, utilities, etc.)$417.28
Total monthly cost$5,572.41
Interest paid over 5-yr term$229,007.16
Balance at end of term$718,739.06

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,880
Stress test qualifying rate8.09%
Payment you must qualify for$7,104.62

Cash Needed at Closing

Minimum down payment$74,880
Estimated BC PTT$17,976
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,356

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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