Property Type: Land / LotOwnership: Freehold

4433 4th Street

Peachland, BC V0H1X6

$1,550,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.2 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$1

Interior

Fireplace
None

Listing Information

MLS®
10394325
Listed
July 13, 2026
Time on market
On the market for 49 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (Kelowna) · Data source: CREA DDF.

Description

Rare Downtown Peachland Development Opportunity! Two prime lots just steps from the lake in the heart of downtown. Zoned C2 – Core Commercial, allowing mixed-use development up to 55 feet (5 stories). Includes plans for a 35-unit condominium building. Lenient zoning for commercial or residential use. The Municipality has expressed interest in a boutique hotel or medical clinic, creating exciting development potential. 1940s houses currently tenanted. Preferably sold in conjunction with neighbouring lot, 4445 4th. An exceptional investment opportunity in one of the Okanagan's most desirable lakefront communities. Bring your vision! (id:63159)

Location Insights

Weather

Nearest station: Summerland

17°C

Humidity 56%

Wind SW 4 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

5,789

(2021 Census)

+6.7% since 2016

Density: 359.6/km²

Dwellings: 2,936

Median household income: $81,000

After-tax: $72,500

Immigrant population: 15.8%

Top countries of origin (% of total population)

  • United Kingdom5.7% · 330
  • Germany2.3% · 135
  • United States of America1.6% · 90
  • Netherlands0.8% · 45
  • Korea, South0.3% · 20
  • Viet Nam0.3% · 20
  • Italy0.3% · 15
  • China0.3% · 15

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

3/9 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
Peachland ElementaryElementary1.8 km
Glenrosa Middle SchoolMiddle8.7 km
Webber Road ElementaryElementary8.8 km
Helen Gorman ElementaryElementary9.2 km
Glenrosa ElementaryElementary9.2 km
Our Lady of Lourdes(Independent)Elementary/Middle9.5 km
Shannon Lake ElementaryElementary12.4 km
Sensisyusten House of Learning(Independent)Elementary12.4 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 (5+)

  • Gasthaus on the Lake · 5790 Beach Avenue89 m
  • Peachland Sushi · 5818 Beach Avenue150 m
  • Porto Peach · 5830 Beach Avenue182 m
  • Cibo & Vine Ristorante · 5842 Beach Avenue223 m
  • Ships A-Hoy · 5860 Beach Avenue264 m

Parks (4)

  • Peachland Heritage Park252 m
  • Unnamed356 m
  • Cousins Park358 m
  • Pentowna Park612 m

Pharmacies (1)

  • Peachland Pharmacy · 5848 Beach Avenue234 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($310,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,240,000.00
Periodic payment — Principal & Interest (monthly)$8,000.06
Additional monthly expenses (strata, tax, utilities, etc.)$0.08
Total monthly cost$8,000.14
Interest paid over 5-yr term$355,387.56
Balance at end of term$1,115,384.01

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$310,000
Stress test qualifying rate8.09%
Payment you must qualify for$9,535.17

Cash Needed at Closing

Minimum down payment$310,000
Estimated BC PTT$29,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$340,500

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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