Property Type: OtherOwnership: Leasehold

415 Commonwealth Road Unit# 531

Kelowna, BC V4V1P4

$89,900

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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
$300

Interior

Fireplace
None

Restrictions & Policies

Age / occupancy
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®
10375255
Listed
February 11, 2026
Time on market
On the market for 201 days
Data last synced
August 28, 2026

Listing provided by: MaxWell Rockies Realty · Data source: CREA DDF.

Description

Build Your Dream Escape at Holiday Park Resort – Rare Vacant Lot #531! Stop searching for the perfect setup and build it yourself. This is a rare opportunity to secure a clean, vacant lot in the highly sought-after, gated community of Holiday Park Resort. Whether you’re looking for a premier spot to park your luxury RV or a foundation for a future modular home, this site offers the ultimate Okanagan lifestyle. The Lot: Flat, fully serviced, and ready for immediate use. The Perks: No Property Transfer Tax! Long and short-term rentals are permitted, making this a savvy investment. Resort Living: 24/7 security, 4 pools (indoor & outdoor), hot tubs, 6-hole golf course, pickleball, and a fitness center. Location: Steps from the Okanagan Rail Trail, Duck Lake, and minutes from Kelowna International Airport, UBCO for your students, Fruit and berries U-Picks and world-class wineries. Lease term to 2035. Don't wait—vacant land in this resort doesn't last long! (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

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

11

2/9 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 SchoolMiddle2.4 km
George Elliot SecondarySecondary2.7 km
Peter Greer ElementaryElementary2.8 km
Davidson Road ElementaryElementary5.2 km
Aberdeen Hall Preparatory School(Independent)K-128.1 km
Ellison ElementaryElementary8.3 km
North Glenmore ElementaryElementary9.2 km
Dr Knox Middle SchoolMiddle9.8 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 Kitchen336 m
  • The Jammery · 8038 Highway 97767 m

Parks (1)

  • Herbert Simpson Memorial Park690 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($4,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$71,920.00
Periodic payment — Principal & Interest (monthly)$464.00
Additional monthly expenses (strata, tax, utilities, etc.)$25.00
Total monthly cost$489.00
Interest paid over 5-yr term$20,612.48
Balance at end of term$64,692.27

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$4,495
Stress test qualifying rate8.09%
Payment you must qualify for$656.73

Cash Needed at Closing

Minimum down payment$4,495
Estimated BC PTT$899
Legal / closing costs (typical estimate)$1,500
Total cash needed$6,894

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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