Property Type: Detached HouseOwnership: Freehold

1988 Dewdney Road

Kelowna, BC V1V2C3

$2,649,000

5 bed3 bath5 parking3,177 sqftBuilt 1981
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.66 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$11,438

Interior

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

Exterior & Lot

Exterior features
Stucco

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
5 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
3pc BathroomLower level8'9'' x 10'4''
BedroomLower level9'4'' x 11'5''
BedroomLower level12'11'' x 11'7''
Living roomLower level15'4'' x 24'8''
KitchenLower level11'5'' x 11'7''
4pc BathroomSecond level6'10'' x 9'
BedroomSecond level13'3'' x 13'8''
BedroomSecond level13'5'' x 18'10''
PantryMain level5'6'' x 10'3''
Family roomMain level18'1'' x 16'6''
Dining roomMain level11'9'' x 9'10''
5pc Ensuite bathMain level9'4'' x 13'
Primary BedroomMain level14'1'' x 11'7''
Living roomMain level22'7'' x 21'4''
KitchenMain level13'11'' x 13'2''

Listing Information

MLS®
10384686
Listed
April 23, 2026
Time on market
On the market for 130 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

This is more than a lake house, it’s a private waterfront lifestyle. Walk in and you’re immediately met with a breathtaking panoramic lake view, framed by soaring vaulted ceilings and a wall of windows that flood the home with natural light. All five bedrooms capture that same stunning view, creating a rare and cohesive experience throughout. The main level is bright, open, and inviting, perfect for both everyday living and entertaining. Step outside to a covered outdoor lounge just off the family room, ideal for relaxing or catching the game with the lake as your backdrop. Downstairs features a fully self-contained 2 bedroom suite with private entry, offering incredible flexibility for guests, extended family, or strong short-term rental income potential in this high-demand area. At the water, enjoy a private dock with boat lift, a shaded lakeside setting, and two sheds, one fully powered with fridge, sink, and microwave, perfect for effortless lakeside entertaining or creating your own private beach bar setup. Paddleboard, kayak, swim, or simply unwind and take in the uninterrupted views. A lit staircase leads to the shoreline, creating the perfect evening ambiance. Located in sought-after McKinley Landing, just minutes to town yet offering the privacy, tranquility, and lifestyle of true Okanagan waterfront living, with easy access to trails, beaches, and year-round recreation. (id:63159)

Values & Trends

This listing

$834/sqft

Building average

No other active listings in this building

McKinley Landing average

$612/sqft

21 active listing(s)

Parking: 5 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

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

144,576

(2021 Census)

+13.5% since 2016

Density: 682.4/km²

Dwellings: 67,115

Median household income: $82,000

After-tax: $73,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom2.1% · 3,055
  • India1.6% · 2,335
  • Philippines1.1% · 1,620
  • Germany1.1% · 1,540
  • United States of America1% · 1,375
  • China0.7% · 960
  • Poland0.4% · 585
  • South Africa, Republic of0.4% · 525

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

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
North Glenmore ElementaryElementary3.7 km
Dr Knox Middle SchoolMiddle4.3 km
Aberdeen Hall Preparatory School(Independent)K-125.0 km
Watson Road ElementaryElementary5.1 km
Glenmore ElementaryElementary6.7 km
Bankhead ElementaryElementary7.3 km
The Balsam School(Independent)Elementary7.6 km
Pearson Road ElementaryElementary7.9 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.

Nearby Places

Parks (2)

  • Dewdney Road #1 Beach Access352 m
  • McKinley Landing Park487 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($529,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,119,200.00
Periodic payment — Principal & Interest (monthly)$13,672.36
Additional monthly expenses (strata, tax, utilities, etc.)$1,112.17
Total monthly cost$14,784.53
Interest paid over 5-yr term$607,368.81
Balance at end of term$1,906,227.25

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$529,800
Stress test qualifying rate8.09%
Payment you must qualify for$16,295.91

Cash Needed at Closing

Minimum down payment$529,800
Estimated BC PTT$57,470
Legal / closing costs (typical estimate)$1,500
Total cash needed$588,770

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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