6819 Madrid Way Unit# 355
Kelowna, BC V1Z3R8
$475,000
Amenities
Also listed: Storage - Locker, Recreation Centre, RV Storage, Party Room, Whirlpool, Clubhouse, Cable TV, Racquet Courts
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 2
- Lot size
- 0.06 acres
- Frontage
- 35 feet
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Strata / maintenance fee
- $437/mo
- Annual property tax
- $2,097
Maintenance Fee Includes
Also included: Ground Maintenance, Recreation Facilities, Reserve Fund Contributions, Sewer
Interior
- Basement
- Full
- Heating
- Forced air, Electric, See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- Yes (1)
- Fireplace type
- Insert
- Flooring
- Tile, Hardwood, Carpeted
Exterior & Lot
- Exterior features
- Other
- View
- Lake view, Mountain view
Building
- Roof
- Asphalt shingle, Unknown
Parking
- Total spaces
- 3 — covered indicated
- Features
- Attached Garage
Restrictions & Policies
- Pets
- Restrictions apply, 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 |
|---|---|---|
| Other | Main level | 14'5'' x 11'5'' |
| Utility room | Basement | 13'0'' x 9'0'' |
| Living room | Main level | 13'0'' x 14'0'' |
| Dining room | Main level | 6'0'' x 13'6'' |
| Kitchen | Main level | 12'6'' x 9'0'' |
| 4pc Bathroom | Basement | 8'0'' x 5'0'' |
| 4pc Bathroom | Main level | 8'0'' x 5'0'' |
| Bedroom | Basement | 9'0'' x 12'8'' |
| Bedroom | Basement | 9'0'' x 12'8'' |
| Primary Bedroom | Main level | 14'6'' x 9'9'' |
Listing Information
- MLS®
- 10396641
- Listed
- August 17, 2026
- Time on market
- On the market for 14 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.
Description
Brimming with potential and priced to sell, this standalone cottage presents a rare handyman or investor special in the premier lakeside community of La Casa Resort. If you’ve been looking for an affordable way to step into the Okanagan resort market, this is your opportunity. The heavy lifting on layout is already done—featuring an open-concept living space, soaring vaulted ceilings, and great natural light. With just fresh paint and new flooring throughout, you can instantly build sweat equity and customize the finishes to match your exact taste. Short-Term Rentals (STRs) are allowed with no BC Speculation Tax applicable, making this an ideal turnkey vacation rental property once renovated. Living or renting at La Casa means enjoying year-round, world-class resort living right on Okanagan Lake, including: 2,100 feet of private beach access, 100-slip marina, boat launch, and aqua park, 2 outdoor swimming pools, 3 hot tubs, tennis & pickleball courts, mini-golf, and a beach volleyball court, on-site restaurant, general store, liquor store, fitness center, owners’ lounge, and dog beach, surrounded by nature with endless hiking, biking, and ATV trails, located just 35–40 minutes from Kelowna or Vernon. Whether you're looking for a weekend getaway, a personal flip, or an income-generating investment home, 6819 Madrid Way is ready for its next chapter. Bring your contractor, roll up your sleeves, and capture incredible value at La Casa Resort! (id:63159)
Values & Trends
This listing
$441/sqft
Building average
—
No other active listings in this building
Fintry average
$525/sqft
30 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
15°C
Clear
Humidity 76%
Wind NNW 4 km/h
Tonight
11°
Tuesday
27°
Tuesday night
14°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Population
144,576
(2021 Census)
+13.5% since 2016
Density: 682.4/km²
Dwellings: 67,115
Median household income: $82,000
After-tax: $73,500
Immigrant population: 15.3%
Top countries of origin (% of total population)
- United Kingdom2.1% · 3,055
- India1.6% · 2,335
- Philippines1.1% · 1,620
- Germany1.1% · 1,540
- United States of America1% · 1,375
- China0.7% · 960
- Poland0.4% · 585
- South Africa, Republic of0.4% · 525
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Davidson Road Elementary | Elementary | 9.6 km |
| Oyama Traditional School | Elementary | 10.2 km |
| George Elliot Secondary | Secondary | 12.4 km |
| HS Grenda Middle School | Middle | 12.6 km |
| Peter Greer Elementary | Elementary | 12.9 km |
| Okanagan Landing Elementary | Elementary | 18.0 km |
| Ellison Elementary | Elementary | 20.4 km |
| Clarence Fulton Secondary | Elementary | 20.6 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)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($23,750) — 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.