437 Matheson Road
Okanagan Falls, BC V0H1R5
$849,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 0.5 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Strata / maintenance fee
- $100/mo
- Annual property tax
- $2,759
Maintenance Fee Includes
Also included: Insurance, Other, See Remarks, Reserve Fund Contributions
Interior
- Heating
- Stove, Forced air, Electric, Wood
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Free Standing Metal
- Flooring
- Laminate, Carpeted, Ceramic Tile
Exterior & Lot
- Exterior features
- Stucco
- View
- Lake view, Mountain view
Building
- Roof
- Metal, Unknown
Parking
- Total spaces
- 5 — covered indicated
- Features
- Carport
Restrictions & Policies
- Pets
- Allowed with restrictions
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Main level | 6'10'' x 13' |
| 3pc Bathroom | Main level | 10' x 9'6'' |
| Primary Bedroom | Main level | 12' x 10'7'' |
| Living room | Main level | 12' x 28' |
| Foyer | Main level | 6' x 13' |
| Bedroom | Second level | 9' x 10'2'' |
| Bedroom | Second level | 9' x 12'4'' |
| Laundry room | Second level | 6' x 11' |
| 3pc Bathroom | Second level | 10'5'' x 10'3'' |
| Dining room | Second level | 9' x 9' |
| Family room | Second level | 19' x 14' |
| Kitchen | Second level | 17' x 8' |
Listing Information
- MLS®
- 10398529
- Listed
- August 24, 2026
- Time on market
- On the market for 7 days
- Data last synced
- August 28, 2026
Listing provided by: Coldwell Banker Horizon Realty · Data source: CREA DDF.
Description
Have you been searching for that private, peaceful, retreat of a home, with panoramic lake and mountain views, to start the next chapter of your life in? This 3 bedroom home is perched atop the Golden Hills community which provides each of the 16 owners a .5 acre lot in their 180 acre property. Crafted as a dream retirement retreat, the property captures everything people imagine when they picture an Okanagan lifestyle: privacy, quiet, and sweeping views over vineyards and out to Skaha Lake visible from nearly every room. Just under 2,000 sq. ft, the home offers solid construction, easy maintenance, and exceptional care throughout the years. The layout is warm and functional and of course highlights the views out to Skaha Lake. A metal roof was installed at original construction offering a worry free product for decades to come! This is your chance to secure a private Okanagan retreat with unbeatable views, solid bones, and endless potential all just a 10 minute drive to Okanagan Falls and a 20 minute drive to downtown Penticton. Whether you’re downsizing, relocating, or dreaming of a quieter life, 437 Matheson Road offers a rare opportunity to step into a home with heart, history, and a chance to make it your own. Maintenance fees are just $100/month (paid annually). Bring your pets, bring your ideas, and bring your vision; a few cosmetic updates would make this home shine! Call today to book a showing on this rare opportunity home! (id:63159)
Values & Trends
This listing
$431/sqft
Building average
—
No other active listings in this building
Eastside/Lkshr Hi/Skaha Est average
$496/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 | 3.6 km |
| Okanagan Falls Elementary | Elementary | 5.3 km |
| Princess Margaret Secondary | Secondary | 8.9 km |
| Wiltse Elementary | Elementary | 9.6 km |
| Columbia Elementary | Elementary | 11.2 km |
| Holy Cross School(Independent) | Elementary/Middle | 11.4 km |
| Entre-lacs | Elementary/Middle | 11.8 km |
| Penticton Christian School(Independent) | K-12 | 11.8 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.
School district: Okanagan-Skaha (SD67)
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Mortgage & Ownership Cost Calculator
Minimum required: 7.1% ($59,900) — 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.