Property Type: Detached HouseOwnership: Freehold

4850 Bassett Avenue

Okanagan Falls, BC V0H1R2

$525,000

4 bed3 bath3 parking0 sqftBuilt 2022
Get Directions

Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.19 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,502.11

Interior

Heating
No heat
Fireplace
None

Exterior & Lot

Exterior features
Other
View
Mountain view

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
3 — covered indicated
Features
Attached Garage

Room Dimensions

RoomLevelDimensions
OtherLower level10'6'' x 12'2''
OtherLower level17'0'' x 22'2''
OtherLower level9'9'' x 19'3''
OtherLower level18'4'' x 7'11''
Living roomLower level19'1'' x 24'3''
BedroomLower level10'11'' x 10'7''
Full bathroomLower level7'1'' x 8'3''
BedroomLower level11'4'' x 15'8''
KitchenMain level19'1'' x 29'4''
Mud roomMain level11'3'' x 15'5''
Laundry roomMain level8'3'' x 5'3''
Full ensuite bathroomMain level14'4'' x 9'8''
Full bathroomMain level8'3'' x 8'7''
BedroomMain level12'1'' x 15'1''
Primary BedroomMain level12'1'' x 20'0''

Listing Information

MLS®
10395936
Listed
July 27, 2026
Time on market
On the market for 35 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers Okanagan · Data source: CREA DDF.

Description

This is your chance to take a great start and turn it into something incredible. Nestled in the heart of Okanagan Falls, this partially built home offers uninterrupted mountain views and loads of space to bring your ideas to life. An opportunity to own a modern log home! The main floor offers bright, open living—complete with vaulted ceilings, large windows, and access to generous outdoor areas. You’ll also find the primary suite with ensuite, a second bedroom, laundry, mudroom, and access to a single garage. Downstairs, the walk-out basement is framed for flexibility. There's room for a 1-bedroom legal suite with its own entrance, plus two additional bedrooms and a huge rec room—ideal for extended family, guests, or income potential. The vision is in place—now it’s your turn to make it your own. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Okanagan Falls average

$529/sqft

35 active listing(s)

Parking: 3 stall(s) includedStorage 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

Nearest station: Penticton

Mainly Clear

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

41

5/9 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
Okanagan Falls ElementaryElementary467 m
Kaleden ElementaryElementary5.2 km
Princess Margaret SecondarySecondary13.1 km
Wiltse ElementaryElementary14.0 km
Holy Cross School(Independent)Elementary/Middle15.7 km
Columbia ElementaryElementary15.7 km
Penticton Christian School(Independent)K-1216.1 km
Entre-lacsElementary/Middle16.3 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

Cafes (1)

  • Rise and Shine Coffee House100 m

Parks (4)

  • Centennial Park310 m
  • Christie Memorial Park476 m
  • Kenyon Park517 m
  • Lions Park706 m

Shopping (1)

  • Unnamed · 5350 9th Avenue531 m

Pharmacies (1)

  • Pharmasave338 m

Banks & ATMs (1)

  • Interior Savings & Credit Union · 4929 9th Avenue87 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Similkameen (SD53)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.2% ($27,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$420,000.00
Periodic payment — Principal & Interest (monthly)$2,709.70
Additional monthly expenses (strata, tax, utilities, etc.)$208.51
Total monthly cost$2,918.21
Interest paid over 5-yr term$120,373.21
Balance at end of term$377,791.36

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$27,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,825.60

Cash Needed at Closing

Minimum down payment$27,500
Estimated BC PTT$8,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$37,500

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.

Request more information