Property Type: Land / LotOwnership: Freehold

40 Kestrel Place Unit# 14

Vernon, BC V1H1S6

$429,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.33 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$67/mo
Annual property tax
$2,051.85

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)

Listing Information

MLS®
10377878
Listed
March 3, 2026
Time on market
On the market for 181 days
Data last synced
August 28, 2026

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

Description

Breathtaking, Unobstructed Lake Views! Perched above the sparkling waters of Okanagan Lake, this 0.33 acre lot in Kestrel Estates delivers panoramic, uninterrupted lake and mountain views. Imagine waking to the sound of birdsong and sipping coffee with the sunrise reflecting off the water. This lot is ideal for a walkout rancher, with ample space to design your dream home. Tucked inside a gated community with private access to a lakeside beach, picnic tables, change rooms/washrooms, boat launch, pristine swimming area, and dock, it’s a nature lover’s paradise. Enjoy long summer days on the water, scenic hikes nearby, and quiet evenings under starlit skies. Whether you’re planning your forever home or a luxury vacation getaway, this is a rare opportunity to build in one of the Okanagan’s most prestigious communities. Come experience the serenity, beauty, and lifestyle that only lakefront living can provide. A true retreat, yet only minutes from Vernon, this is your chance to live the Okanagan dream. (id:63159)

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Okanagan Landing ElementaryElementary5.6 km
Ellison ElementaryElementary7.5 km
Clarence Fulton SecondaryElementary7.9 km
Mission Hill ElementaryElementary9.8 km
Alexis Park ElementaryElementary10.3 km
St James(Independent)Elementary10.9 km
Ecole Beairsto ElementaryElementary11.0 km
W.L. Seaton SecondarySecondary11.1 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.

Nearby Places

Parks (1)

  • Deer Park647 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($21,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$343,200.00
Periodic payment — Principal & Interest (monthly)$2,214.21
Additional monthly expenses (strata, tax, utilities, etc.)$237.66
Total monthly cost$2,451.87
Interest paid over 5-yr term$98,362.11
Balance at end of term$308,709.51

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$21,450
Stress test qualifying rate8.09%
Payment you must qualify for$3,133.92

Cash Needed at Closing

Minimum down payment$21,450
Estimated BC PTT$6,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$29,530

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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