Property Type: FourplexOwnership: Leasehold

415 Commonwealth Road Unit# 1622

Kelowna, BC V4V2M4

$349,900

2 bed2 bath2 parking1,150 sqftBuilt 1992
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Property Details

Property & Lot

Sub-type
Fourplex
Stories
1

Ownership & Fees

Property type
Fourplex
Ownership
Leasehold
Annual property tax
$1,397

Interior

Heating
Forced air, See remarks
Cooling / A/C
Wall unit
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Flooring
Laminate

Exterior & Lot

Exterior features
Wood siding
View
Lake view, Mountain view
Waterfront
Waterfront on lake

Building

Roof
Tar & gravel, Unknown

Parking

Total spaces
2

Restrictions & Policies

Pets
Restrictions apply, Allowed with restrictions
Rentals
Allowed with restrictions
Age / occupancy
Seniors-oriented community

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Full bathroomMain level5' x 9'8''
BedroomMain level15' x 15'1''
Full ensuite bathroomMain level5'3'' x 12'5''
Primary BedroomMain level11'10'' x 15'7''
Living roomMain level12' x 13'
Dining roomMain level11' x 11'
KitchenMain level14'1'' x 10'

Listing Information

MLS®
10393448
Listed
July 3, 2026
Time on market
On the market for 59 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Horizon Realty · Data source: CREA DDF.

Description

Fully furnished, updated condo with lake views! A two bedroom, 2 bathroom unit that can be separated into two separate units so you could live in one side and rent out the other side for extra income. All the furniture, dishes, pots & pans, BBQ and TV's are included. The gathering space is close by where you can sit and enjoy the lake views or chatting with your neighbours. Woodlands Adult Rec Centre is a few minutes away where you will find the outdoor pool, hot tub, coin laundry, library, games room, billiards and pickleball court. The lease term is to 2046 and is registered with the Federal Government. Enjoy all the amenities that Holiday Park Resort has to offer: pools, hot tubs, golf course, gym, hair salon, woodworking shop, storage compound, Upfront Market and Thyme at Ellison Lake restaurant. There is no Property Transfer tax. Long and short term rentals allowed. Close proximity to Kelowna International Airport, wineries, ski hills, golf courses, Rail Trail, shopping and entertainment. The 2026 Maintenance Fee is $8847, includes security, water, sewer, use of the amenities, maintenance of the common areas and roads, snow removal, garbage disposal area, maintenance of the exterior of the building, insurance on the exterior to the building and landscaping. Measurements approximate. (id:63159)

Values & Trends

This listing

$304/sqft

Building average

No other active listings in this building

Lake Country East / Oyama average

$761/sqft

4 active listing(s)

Parking: 2 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

Clear

15°C

Clear

Humidity 76%

Wind NNW 4 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

144,576

(2021 Census)

+13.5% since 2016

Density: 682.4/km²

Dwellings: 67,115

Median household income: $82,000

After-tax: $73,500

Immigrant population: 15.3%

Top countries of origin (% of total population)

  • United Kingdom2.1% · 3,055
  • India1.6% · 2,335
  • Philippines1.1% · 1,620
  • Germany1.1% · 1,540
  • United States of America1% · 1,375
  • China0.7% · 960
  • Poland0.4% · 585
  • South Africa, Republic of0.4% · 525

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

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
HS Grenda Middle SchoolMiddle2.8 km
George Elliot SecondarySecondary3.0 km
Peter Greer ElementaryElementary3.1 km
Davidson Road ElementaryElementary5.6 km
Aberdeen Hall Preparatory School(Independent)K-127.7 km
Ellison ElementaryElementary7.9 km
North Glenmore ElementaryElementary9.0 km
Dr Knox Middle SchoolMiddle9.5 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

Restaurants (2)

  • The Italian Kitchen397 m
  • The Jammery · 8038 Highway 97728 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$279,920.00
Periodic payment — Principal & Interest (monthly)$1,805.95
Additional monthly expenses (strata, tax, utilities, etc.)$174.42
Total monthly cost$1,980.37
Interest paid over 5-yr term$80,225.88
Balance at end of term$251,788.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,556.08

Cash Needed at Closing

Minimum down payment$17,495
Estimated BC PTT$4,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,993

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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