385 Matheson Road
Okanagan Falls, BC V0H1R5
$2,650,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 8.9 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $4,755.97
Interior
- Heating
- Electric
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Pellet, Stove
Exterior & Lot
- Exterior features
- Stucco
- View
- Lake view, Mountain view, Valley view, View of water, View (panoramic), Unknown
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 6 — covered indicated
- Features
- Attached Garage
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Basement | 12'0'' x 16'0'' |
| 3pc Bathroom | Basement | 1' x 1' |
| Bedroom | Basement | 9'0'' x 14'0'' |
| Bedroom | Basement | 12'0'' x 13'0'' |
| Family room | Basement | 14'0'' x 14'0'' |
| 2pc Ensuite bath | Main level | 1' x 1' |
| Primary Bedroom | Main level | 12'0'' x 12'0'' |
| 2pc Bathroom | Main level | 1'0'' x 1'0'' |
| Dining room | Main level | 11'0'' x 12'0'' |
| Kitchen | Main level | 12'0'' x 18'0'' |
| Living room | Main level | 16'0'' x 16'0'' |
Listing Information
- MLS®
- 10394865
- Listed
- July 17, 2026
- Time on market
- On the market for 45 days
- Data last synced
- August 28, 2026
Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.
Description
Boutique Winery opportunity now available for sale in the prestigious Okanagan Falls area. 8.896 acre parcel planted out to high producing vineyard. Approximately five acres planted to mix of Pinot Blanc (primary crop), Pinot Noir, and Cabernet Sauvignon. The property has a large greenhouse. Sale includes all assets. There may be additional grapes available via neighbouring parcel. The property has a three bedroom, two and a half bathroom 2600 square foot residence, great for an owner-occupier or farm help. The roof of the home was redone approximately three years ago; New Hot Water tank (2026); New Water Pump (2026); Septic pumped (2026). Additional structures include a 2000 square foot primary greenhouse and a 400 square foot greenhouse. Additional equipment for farm operations included. Vines were originally planted in 1986, and the property has potential to produce and distribute 10,000 cases or more of wine, plus bulk wine options. Several water licenses for domestic and irrigation. (id:63159)
Values & Trends
This listing
$998/sqft
Building average
—
No other active listings in this building
Eastside/Lkshr Hi/Skaha Est average
$449/sqft
12 active listing(s)
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
17°C
Mainly Clear
Humidity 67%
Wind NE 4 km/h
Tonight
12°
Tuesday
27°
Tuesday night
15°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Kaleden Elementary | Elementary | 3.0 km |
| Okanagan Falls Elementary | Elementary | 5.5 km |
| Princess Margaret Secondary | Secondary | 8.4 km |
| Wiltse Elementary | Elementary | 9.1 km |
| Columbia Elementary | Elementary | 10.7 km |
| Holy Cross School(Independent) | Elementary/Middle | 10.9 km |
| Penticton Christian School(Independent) | K-12 | 11.3 km |
| Entre-lacs | Elementary/Middle | 11.4 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($530,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.