Property Type: Land / LotOwnership: Freehold

4623 Ponderosa Drive

Peachland, BC V0H1X5

$299,800

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.25 acres
Frontage
72 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,087

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)

Listing Information

MLS®
10396330
Listed
August 5, 2026
Time on market
On the market for 26 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

This vacant lot in Peachland's Ponderosa neighborhood offers lake and mountain views, ideal for the investor, developer, or anyone dreaming of a custom-built home. Set on a quiet cul-de-sac surrounded by upscale homes, the property sits just minutes from the lake and downtown core.. There are no building timelines and no requirement to use a specific builder, giving you full freedom to bring your own vision to life. The seller also has walk-out rancher plans available upon request, subject to city approval and verification. The lot measures 72 feet of frontage, with a left side of 180 feet and a right side of 140 feet, offering plenty of room to design around the views. Ponderosa is one of Peachland's most desirable neighborhoods, and this is a great opportunity to build exactly what you want, where you want it. (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.

Nearby Schools

SchoolTypeDistance
Peachland ElementaryElementary1.2 km
Glenrosa Middle SchoolMiddle7.6 km
Webber Road ElementaryElementary7.8 km
Helen Gorman ElementaryElementary8.0 km
Glenrosa ElementaryElementary8.2 km
Our Lady of Lourdes(Independent)Elementary/Middle8.6 km
Shannon Lake ElementaryElementary11.4 km
Sensisyusten House of Learning(Independent)Elementary11.6 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: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,840.00
Periodic payment — Principal & Interest (monthly)$1,547.37
Additional monthly expenses (strata, tax, utilities, etc.)$173.92
Total monthly cost$1,721.28
Interest paid over 5-yr term$68,738.83
Balance at end of term$215,736.86

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,990
Stress test qualifying rate8.09%
Payment you must qualify for$2,190.09

Cash Needed at Closing

Minimum down payment$14,990
Estimated BC PTT$3,996
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,486

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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