Property Type: Detached HouseOwnership: Freehold

1721 Wallis Road

Okanagan Falls, BC V0H1R2

$750,000

4 bed4 bath2 parking3,440 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.46 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,588.23

Interior

Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Gas, Unknown

Exterior & Lot

View
Mountain view, Valley view
Pool
Above ground pool

Building

Roof
Vinyl Shingles, Unknown

Parking

Total spaces
2 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
4pc BathroomSecond level4'11'' x 8'5''
4pc BathroomSecond level7'7'' x 11'5''
Family roomSecond level10'10'' x 14'
BedroomSecond level9'11'' x 12'
BedroomSecond level10'7'' x 14'7''
Primary BedroomSecond level12'4'' x 14'4''
Living roomSecond level18'3'' x 19'4''
Dining roomSecond level8' x 16'5''
KitchenSecond level10'10'' x 14'
DenMain level10'6'' x 16'
Mud roomMain level8'5'' x 14'3''
FoyerMain level6'6'' x 14'4''
3pc BathroomMain level5'10'' x 7'5''
4pc BathroomMain level7'1'' x 10'4''
Family roomMain level14' x 15'11''
BedroomMain level10'4'' x 21'9''
Dining roomMain level9'6'' x 13'11''
KitchenAdditional Accommodation11'2'' x 13'11''

Listing Information

MLS®
10397938
Listed
August 17, 2026
Time on market
On the market for 14 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

Big home, big lot, and possibilities you simply don’t find in a typical residential property. At $750,000, this is a whole lot of property for the money. Sitting on a 0.46-acre lot in Okanagan Falls, this 3,440 sq. ft. home offers 4 bedrooms + den, 4 bathrooms, attached double garage, an in-law suite and General Industrial zoning that adds another layer of long term flexibility. The upper level offers 3 bedrooms and plenty of room to spread out, with two separate living areas, gas fireplace with east and west facing decks so you can chase the sun or escape it throughout the day. Downstairs adds even more usable space with a 1 bedroom in-law suite, den and plenty of flexibility for extended family, guests, hobbies or working from home. Outside is where the size of this property really comes into play. Enjoy a large front yard, fenced backyard, above ground pool and pergola ready for Okanagan summers. The attached 2-car garage provides excellent parking and storage, while an included sauna adds another bonus you don't find every day. With mountain and valley views, nearly half an acre of land and GI zoning, this isn't your typical residential property. Whether you're looking for a big family home, multi-generational space, room for your toys or a property with options beyond the ordinary, 1721 Wallis Road deserves another look. Priced under BC Assessed Value, your opportunity awaits, book your showing and come see the possibilities for yourself. (id:63159)

Values & Trends

This listing

$218/sqft

Building average

No other active listings in this building

Okanagan Falls average

$538/sqft

34 active listing(s)

Parking: 2 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

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

SchoolTypeDistance
Okanagan Falls ElementaryElementary1.4 km
Kaleden ElementaryElementary6.6 km
Princess Margaret SecondarySecondary14.6 km
Wiltse ElementaryElementary15.4 km
Oliver ElementaryElementary16.7 km
Southern Okanagan SecondarySecondary16.7 km
Southern Okanagan AltSecondary16.7 km
Tuc-el-Nuit ElementaryElementary16.8 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: 6.7% ($50,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$600,000.00
Periodic payment — Principal & Interest (monthly)$3,871.00
Additional monthly expenses (strata, tax, utilities, etc.)$471.02
Total monthly cost$4,342.02
Interest paid over 5-yr term$171,961.72
Balance at end of term$539,701.94

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$50,000
Stress test qualifying rate8.09%
Payment you must qualify for$5,382.75

Cash Needed at Closing

Minimum down payment$50,000
Estimated BC PTT$13,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$64,500

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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