Property Type: OtherOwnership: Leasehold

415 Commonwealth Road Unit# 307

Kelowna, BC V4V1P4

$139,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.05 acres

Ownership & Fees

Property type
Other
Ownership
Leasehold
Annual property tax
$403

Interior

Fireplace
None

Restrictions & Policies

Pets
Restrictions apply, Allowed with restrictions
Rentals
Allowed with restrictions
Age / occupancy
Adult-oriented (no young children), Seniors-oriented community

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

Listing Information

MLS®
10391707
Listed
June 18, 2026
Time on market
On the market for 75 days
Data last synced
August 28, 2026

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

Description

Welcome Home to 307 Lake Lane! Enjoy the resort lifestyle on this private, fully fenced Standard site in the gated community of Holiday Park Resort. An insulated shed and small garden bed are included with this large 2,365 sq. ft site. The generous size of this lot will accommodate larger units while paying lower maintenance fees but can easily be upgraded to a Park Model lot if desired. The location is ideal as you are steps away from the on-site restaurant “Thyme at Ellison Lake”, outdoor pool & hot tub, shuffleboard court and 24hr laundry facility. Walk to the Recreation Complex where you will find the gym, indoor pool, hot tub, hair salon, dinners and dances, Zumba, yoga and lots of social activities. The lease term goes to 2046. The leases are registered with the Federal Government. Property Taxes are payable to the City of Kelowna. There is no Property Transfer Tax. Long and short term rentals allowed. The 2026 Annual Maintenance Fee is $5186 and is due and payable in January of each year. This includes security, water, sewer, use of the amenities, maintenance of the common areas and roads, snow removal and garbage disposal area. Other amenities include golf course, library, billiards, games room, coin laundry, Upfront Market. a woodworking shop. The Rail Trail is easily accessible for biking or walking. (40311327) (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Lake Country East / Oyama average

$381/sqft

57 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

Clear

12°C

Clear

Humidity 88%

Wind ENE 5 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 SchoolMiddle2.9 km
George Elliot SecondarySecondary3.1 km
Peter Greer ElementaryElementary3.1 km
Davidson Road ElementaryElementary5.7 km
Aberdeen Hall Preparatory School(Independent)K-127.7 km
Ellison ElementaryElementary7.8 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 (1)

  • The Italian Kitchen415 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($6,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$111,200.00
Periodic payment — Principal & Interest (monthly)$717.42
Additional monthly expenses (strata, tax, utilities, etc.)$33.58
Total monthly cost$751.01
Interest paid over 5-yr term$31,870.24
Balance at end of term$100,024.76

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$6,950
Stress test qualifying rate8.09%
Payment you must qualify for$1,015.42

Cash Needed at Closing

Minimum down payment$6,950
Estimated BC PTT$1,390
Legal / closing costs (typical estimate)$1,500
Total cash needed$9,840

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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