Property Type: Land / LotOwnership: Freehold

244 Heritage Boulevard

Okanagan Falls, BC V0H1R3

$335,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.5 acres
Frontage
85 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,138.75

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10391697
Listed
June 29, 2026
Time on market
On the market for 63 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers South Okanagan · Data source: CREA DDF.

Description

Live your Okanagan dream on one of the last remaining original building lots in the prestigious Heritage Hills community just minutes from Penticton, BC. The RDOS has confirmed that this property has a water connection available and is on septic. This flat 1/2 acre corner building lot, with access on three sides, is the perfect canvas to build your dream home, combining the serenity of rural living while enjoying the incredible South Okanagan lifestyle. This lot is close to the community playground and dog park and is the perfect launching pad for an outdoor enthusiast with easy access to hiking and biking trails, golf, wineries, skiiing, 2 lakes and more. Much of the legwork has been done with geotech, environmental, riparian and surveying already complete and there are building plans for the stunning 3 bedroom / 3 bathroom custom home with a plunge pool that can be purchased from the owners. All services at the lot line. Choose your own builder with no timeline to build. Foreign Buyers welcome. House photos in the listing are renderings from the plans and should be independently verified with the RDOS. (id:63159)

Location Insights

Weather

Nearest station: Penticton

Mainly Clear

13°C

Mainly Clear

Humidity 81%

Wind NNW 3 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
Kaleden ElementaryElementary3.1 km
Okanagan Falls ElementaryElementary6.4 km
Princess Margaret SecondarySecondary7.4 km
Wiltse ElementaryElementary8.1 km
Columbia ElementaryElementary9.8 km
Holy Cross School(Independent)Elementary/Middle9.9 km
Penticton Christian School(Independent)K-1210.4 km
Entre-lacsElementary/Middle10.4 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-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($16,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$268,000.00
Periodic payment — Principal & Interest (monthly)$1,729.05
Additional monthly expenses (strata, tax, utilities, etc.)$94.90
Total monthly cost$1,823.94
Interest paid over 5-yr term$76,809.57
Balance at end of term$241,066.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$16,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,447.23

Cash Needed at Closing

Minimum down payment$16,750
Estimated BC PTT$4,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$22,950

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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