Property Type: Land / LotOwnership: Freehold

5281 Tailyour Lane

Peachland, BC V0H1X1

$399,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.22 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,870

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Listing Information

MLS®
10384935
Listed
May 1, 2026
Time on market
On the market for 122 days
Data last synced
August 28, 2026

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

Description

Some of the listing images have been virtually enhanced, with general lot boundaries in red, to help illustrate the exciting future possibilities for the site and inspire buyers with what could be achieved here. Buyers should consult official surveys for precise lot boundaries. This property is being offered for sale by the District of Peachland. Discover the incredible potential of this prime vacant residential lot in one of Peachland’s most desirable locations. 5281 Tailyour Lane — perfectly positioned between the highway and the shores of Lake Okanagan, offering the ideal balance of convenience, lifestyle, and breathtaking scenery. This 0.22-acre property captures stunning lake views and presents an outstanding opportunity for builders, investors, or those looking to create a legacy property in the heart of the Okanagan. RM2 zoning is designed to accommodate medium-density housing options such as duplexes, townhomes, multi-unit residential development, and other creative configurations intended to maximize the property’s potential (buyers should verify development possibilities with the District of Peachland). Located just minutes from Peachland’s vibrant waterfront, restaurants, coffee shops, beaches, hiking trails, and local amenities, this is a rare opportunity to secure a development-ready lot in a high-demand area. (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 ElementaryElementary1.4 km
Glenrosa Middle SchoolMiddle5.5 km
Webber Road ElementaryElementary5.6 km
Glenrosa ElementaryElementary6.1 km
Helen Gorman ElementaryElementary6.3 km
Our Lady of Lourdes(Independent)Elementary/Middle6.3 km
Shannon Lake ElementaryElementary9.2 km
Sensisyusten House of Learning(Independent)Elementary9.3 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.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,920.00
Periodic payment — Principal & Interest (monthly)$2,064.02
Additional monthly expenses (strata, tax, utilities, etc.)$155.83
Total monthly cost$2,219.85
Interest paid over 5-yr term$91,689.99
Balance at end of term$287,769.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,921.34

Cash Needed at Closing

Minimum down payment$19,995
Estimated BC PTT$5,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,493

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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