Property Type: Detached HouseOwnership: Freehold

315 Kalamalka Lakeview Drive Unit# 1

Vernon, BC V1H1S7

$3,399,999

4 bed4 bath6 parking4,691 sqftBuilt 1998
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
20.93 acres
Frontage
804 feet

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$217/mo
Annual property tax
$11,592.2

Maintenance Fee Includes

Water

Also included: Insurance, Other, See Remarks, Reserve Fund Contributions

Interior

Basement
Partial
Heating
Heat Pump, Forced air, See remarks
Cooling / A/C
Central air conditioning, Heat Pump
Fireplace
Yes (3)
Fireplace type
Gas, Unknown
Flooring
Tile, Hardwood, Carpeted

Exterior & Lot

Exterior features
Stucco
View
Lake view
Pool
Inground pool, Outdoor pool

Building

Roof
Tile, Unknown

Parking

Total spaces
6 — covered indicated
Features
Attached Garage, Oversize, Heated Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
3pc BathroomMain level7'0'' x 5'7''
Full bathroomMain level6'11'' x 13'5''
Full bathroomMain level11'5'' x 8'11''
6pc Ensuite bathMain level18'1'' x 11'9''
Primary BedroomMain level25'1'' x 13'5''
BedroomMain level14'8'' x 15'1''
BedroomMain level16'6'' x 17'3''
BedroomMain level14'3'' x 18'2''
OtherMain level10'8'' x 12'7''
Dining roomMain level14'10'' x 16'1''
Living roomMain level23'7'' x 17'6''
KitchenMain level15'10'' x 15'2''
Laundry roomMain level11'5'' x 17'4''
Family roomMain level18'11'' x 20'0''
FoyerMain level10'0'' x 10'0''
Utility roomBasement31'6'' x 30'8''

Listing Information

MLS®
10339775
Listed
March 21, 2025
Time on market
On the market for 528 days
Data last synced
August 28, 2026

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

Description

From the moment you arrive, breathtaking lake views and surroundings. A park like setting offering luxury and privacy with 180 degree unobstructed views of Kal Lake. Find yourself relaxing in many of the patio areas overlooking the lake. Sprawling 4 bed. 4 bath Rancher with views and patio doors in every bedroom. Tuscan inspired design with timeless elegance. Indoor/Outdoor living with outdoor kitchen, pool, hot tub, fireplace, bocce court, fire pit, garden pond and more. Chef's kitchen with high end appliances and granite countertops, formal dining, elaborate living and family room with crown mouldings, fireplaces, recessed ceiling lighting, patio doors, large oversized windows. Spacious primary bedroom with cozy fireplace, relax in the bathtub with unobstructed lake views. Triple car garage and lots of parking with tree lined driveway entering over 20 acres of Gardens and natural landscapes. Measurements are taken from I- Guide. Please verify if important. First time on the market. Close to rail trail, boat launch, Predator Ridge, Sparkling hill and 20 mins to Airport. Call today to book your tour of this masterpiece. (id:63159)

Values & Trends

This listing

$725/sqft

Building average

No other active listings in this building

Commonage average

$1,957/sqft

2 active listing(s)

Parking: 6 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

16°C

Humidity 69%

Wind ESE 14 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

44,519

(2021 Census)

+11% since 2016

Density: 461.7/km²

Dwellings: 21,287

Median household income: $73,500

After-tax: $66,500

Immigrant population: 12.4%

Top countries of origin (% of total population)

  • United Kingdom2.3% · 1,030
  • Germany1.2% · 550
  • United States of America1% · 450
  • India0.8% · 355
  • Philippines0.7% · 315
  • Netherlands0.6% · 270
  • Poland0.3% · 150
  • South Africa, Republic of0.3% · 125

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Kidston ElementaryElementary4.7 km
Okanagan Landing ElementaryElementary4.9 km
Kalamalka SecondaryElementary5.2 km
Clarence Fulton SecondaryElementary5.6 km
Ellison ElementaryElementary5.7 km
Coldstream ElementaryElementary6.2 km
Mission Hill ElementaryElementary6.4 km
Alternative Learning ProgramSecondary7.4 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: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($680,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,719,999.00
Periodic payment — Principal & Interest (monthly)$17,548.51
Additional monthly expenses (strata, tax, utilities, etc.)$1,418.02
Total monthly cost$18,966.53
Interest paid over 5-yr term$779,559.53
Balance at end of term$2,446,647.90

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$680,000
Stress test qualifying rate8.09%
Payment you must qualify for$20,915.84

Cash Needed at Closing

Minimum down payment$680,000
Estimated BC PTT$88,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$769,500

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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