Property Type: OtherOwnership: Freehold

306 HWY 97

Kaleden, BC V0H1K0

$1,599,000

6 bed4 bath4,976 sqftBuilt 2017
Get Directions

Property Details

Property & Lot

Sub-type
Other
Stories
1
Lot size
4.68 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$1,671.66

Interior

Heating
Electric, See remarks, Other
Cooling / A/C
See Remarks
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Building

Roof
Asphalt shingle, Unknown

Parking

Features
Other, Additional Parking

Room Dimensions

RoomLevelDimensions
Utility roomBasement5'0'' x 2'11''
OtherBasement8'5'' x 23'10''
OtherBasement8'8'' x 23'10''
OtherBasement11'9'' x 10'6''
StorageBasement4'11'' x 13'10''
Recreation roomBasement15'4'' x 13'1''
Dining roomMain level8'4'' x 11'3''
Dining roomMain level10'2'' x 12'9''
KitchenMain level15'3'' x 12'9''
KitchenMain level16'6'' x 13'10''
Laundry roomMain level9'0'' x 8'8''
Living roomMain level23'4'' x 26'1''
Mud roomMain level13'0'' x 12'0''
Primary BedroomMain level14'1'' x 13'1''
SunroomMain level19'10'' x 25'1''
OtherMain level7'11'' x 7'4''
4pc BathroomBasement12'10'' x 11'2''
BedroomBasement12'2'' x 10'9''
Primary BedroomBasement12'2'' x 13'5''
DenMain level11'0'' x 11'6''
BedroomMain level9'3'' x 10'4''
BedroomMain level12'2'' x 10'4''
BedroomMain level7'10'' x 11'1''
5pc Ensuite bathMain level13'10'' x 12'7''
4pc BathroomMain level4'11'' x 9'3''
3pc BathroomMain level7'7'' x 7'10''

Listing Information

MLS®
10384968
Listed
April 29, 2026
Time on market
On the market for 124 days
Data last synced
August 28, 2026

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

Description

An opportunity knocking to acquire approximately 10 acres of farmland, with 1,070 feet of highway frontage, when combined with 346 Hwy 97. Total offered at the combined price of $3,387,000, acquiring a prime vineyard and mixed soft fruit. 306 Hwy 97 is an agricultural estate with grapevines, a 6-bed/4-bath home with a fully finished basement, overlooking Skaha Lake, and a 1,900 sq ft storage facility perfect for a winery or fruit stand. The main home offers 3 beds/2 baths in the modern 2017 section, and is seamlessly connected to an older section of the house filled with character. A new ductless AC/heat pump was installed in 2024. Add value with 2 acres of unused land for vineyard expansion. Close to Penticton, wineries, beaches, and golf, this property features ample parking, low taxes, and full fencing for security and privacy. With B&B potential in a vineyard setting and rental income from the storage facility and grape harvests this property offers a unique investment opportunity in a prime location. Measurements taken from i-Guide. Call listing agent today for a viewing. (id:63159)

Values & Trends

This listing

$321/sqft

Building average

No other active listings in this building

Kaleden average

$361/sqft

3 active listing(s)

Parking: Not indicatedStorage 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

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 ElementaryElementary1.6 km
Okanagan Falls ElementaryElementary6.9 km
Princess Margaret SecondarySecondary7.1 km
Wiltse ElementaryElementary8.3 km
Holy Cross School(Independent)Elementary/Middle9.6 km
Penticton Christian School(Independent)K-129.9 km
Columbia ElementaryElementary10.1 km
Penticton SecondarySecondary10.3 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-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($319,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,279,200.00
Periodic payment — Principal & Interest (monthly)$8,252.96
Additional monthly expenses (strata, tax, utilities, etc.)$388.31
Total monthly cost$8,641.27
Interest paid over 5-yr term$366,622.40
Balance at end of term$1,150,644.54

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$319,800
Stress test qualifying rate8.09%
Payment you must qualify for$9,836.60

Cash Needed at Closing

Minimum down payment$319,800
Estimated BC PTT$29,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$351,280

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.

Request more information