1705 Wallis Road
Okanagan Falls, BC V0H1R2
$985,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1
- Lot size
- 0.46 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,600
Interior
- Heating
- Heat Pump, Forced air
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Gas, Unknown
- Flooring
- Tile, Hardwood, Laminate, Vinyl
Exterior & Lot
- Exterior features
- Stucco, Other
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Features
- Additional Parking
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | 7'11'' x 10'4'' |
| Kitchen | Main level | 17'10'' x 14'11'' |
| Living room | Main level | 17'10'' x 11'8'' |
| Primary Bedroom | Main level | 19'3'' x 12'5'' |
| 2pc Ensuite bath | Main level | 4'4'' x 8'0'' |
| Other | Main level | 22'8'' x 7'0'' |
| Bedroom | Main level | 10'0'' x 10'5'' |
| Bedroom | Main level | 10'0'' x 10'5'' |
| 3pc Bathroom | Main level | 9'4'' x 8'11'' |
| Family room | Main level | 14'2'' x 16'3'' |
| Storage | Main level | 5'11'' x 2'8'' |
Listing Information
- MLS®
- 10385352
- Listed
- May 7, 2026
- Time on market
- On the market for 116 days
- Data last synced
- August 28, 2026
Listing provided by: Vantage West Realty Inc. · Data source: CREA DDF.
Description
Located in the heart of Okanagan Falls, this unique property offers the perfect blend of comfortable single-level living and exceptional utility. The charming 1,600 sq. ft. rancher features 3 bedrooms and 2 bathrooms, including a spacious primary suite, family room, and a bright open-concept great room with vaulted ceilings, a custom kitchen, and a beautiful corner gas fireplace. The north-facing covered patio is ideal for entertaining and outdoor cooking, with seamless access to the fully fenced, flat grassy yard offering plenty of room for hobbies, recreation, or pets. Adding incredible versatility to the property is a separate 3,200 sq. ft. industrial building situated on the same title. Zoned for both residential and industrial use, the shop is currently operating as a millwork facility and features an open-span workspace, bay door access, office area, natural gas boiler heating system, spray booth, compressor room, dust collection system, roughed-in 200-amp service, ample storage, plus its own dedicated entrance and parking area. Machinery and tools are not included in the sale but may be available for purchase separately. The property offers potential for workshop use or lease income. Conveniently located close to schools, amenities, and endless outdoor recreation opportunities, this is truly a one-of-a-kind offering. Duplicate listing Commercial- MLS#10385716 (id:63159)
Values & Trends
This listing
$628/sqft
Building average
—
No other active listings in this building
Okanagan Falls average
$526/sqft
34 active listing(s)
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
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Okanagan Falls Elementary | Elementary | 1.3 km |
| Kaleden Elementary | Elementary | 6.5 km |
| Princess Margaret Secondary | Secondary | 14.5 km |
| Wiltse Elementary | Elementary | 15.3 km |
| Oliver Elementary | Elementary | 16.7 km |
| Southern Okanagan Secondary | Secondary | 16.8 km |
| Southern Okanagan Alt | Secondary | 16.8 km |
| Tuc-el-Nuit Elementary | Elementary | 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.
School district: Okanagan-Similkameen (SD53)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.5% ($73,500) — 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.