Property Type: Detached HouseOwnership: FreeholdRECENTLY LISTED

278 Redwing Place

Oliver, BC V0H1T4

$549,000

2 bed1 bath1 parking1,017 sqftBuilt 1986
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.13 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,130.63

Interior

Basement
Crawl space
Heating
Electric, Other
Cooling / A/C
Wall unit
Fireplace
None

Exterior & Lot

Exterior features
Stucco, Other
View
Mountain view

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
4pc BathroomMain level
BedroomMain level10'0'' x 11'7''
Dining roomMain level9'4'' x 10'7''
KitchenMain level8'3'' x 10'7''
Laundry roomMain level5'5'' x 9'10''
Living roomMain level13'11'' x 16'7''
Primary BedroomMain level11'3'' x 12'3''

Listing Information

MLS®
10397741
Listed
August 25, 2026
Time on market
On the market for 6 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Penticton Realty · Data source: CREA DDF.

Description

Lovely rancher situated on a 0.13 acre corner lot near the Okanagan River walking path. This single level home is perfect for a young couple or empty nesters, featuring a u-shaped kitchen with a pass-through to the dining room and a cozy window seat in the living room bay window. Recent updates include a new fence, gutters, renovated bathroom, hot water tank, and exterior cedar. Enjoy the convenience of a single attached garage with a separate workshop area, plus a low maintenance fully fenced backyard with privacy fencing, hedges, and a storage shed. Enjoy the peace and serenity of this property in a quiet area. All measurements are approximate. Call listing agent today for a viewing. (id:63159)

Values & Trends

This listing

$540/sqft

Building average

No other active listings in this building

Oliver average

$433/sqft

101 active listing(s)

Parking: 1 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: Osoyoos

23°C

Humidity 43%

Wind S 7 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

5,094

(2021 Census)

+3.4% since 2016

Density: 927.9/km²

Dwellings: 2,445

Median household income: $68,500

After-tax: $62,400

Immigrant population: 18.9%

Top countries of origin (% of total population)

  • India5.4% · 275
  • United Kingdom2.4% · 120
  • United States of America1.3% · 65
  • Portugal1.2% · 60
  • Germany1.1% · 55
  • El Salvador0.9% · 45
  • Philippines0.8% · 40
  • Netherlands0.6% · 30

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Oliver ElementaryElementary1.4 km
Tuc-el-Nuit ElementaryElementary1.4 km
Southern Okanagan SecondarySecondary1.4 km
Southern Okanagan AltSecondary1.4 km
Senpaq'cin School(Independent)Elementary2.3 km
Cawston Primary SchoolElementary15.6 km
Okanagan Falls ElementaryElementary16.6 km
Osoyoos ElementaryElementary19.3 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: 5.4% ($29,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$439,200.00
Periodic payment — Principal & Interest (monthly)$2,833.57
Additional monthly expenses (strata, tax, utilities, etc.)$311.89
Total monthly cost$3,145.46
Interest paid over 5-yr term$125,875.98
Balance at end of term$395,061.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$29,900
Stress test qualifying rate8.09%
Payment you must qualify for$3,991.70

Cash Needed at Closing

Minimum down payment$29,900
Estimated BC PTT$8,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$40,380

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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