Property Type: Land / LotOwnership: Freehold

6843 Madrid Way Unit# 343

Kelowna, BC V1Z3R8

$129,000

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Amenities

Also listed: Clubhouse, Cable TV

Property Details

Property & Lot

Sub-type
Other
Lot size
0.06 acres
Frontage
41 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$438/mo
Annual property tax
$566.16

Maintenance Fee Includes

WaterGarbageManagement

Also included: Other, See Remarks, Recreation Facilities, Reserve Fund Contributions, Sewer

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)
Waterfront
Other

Restrictions & Policies

Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10373811
Listed
January 26, 2026
Time on market
On the market for 217 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

La Casa Resort Freehold Vacant Lot For Sale - Overlooking the Pool, Tennis, Mini Golf Amenity area, the most popular spot for Families to stay. . . Perfect for your Walk out Basement cottage design. . . Excellent Short Term Rental income at La Casa. . . No designated rental pool, you choose whether to keep for yourself, rent out some of the time or use an on-site company if you want a 'hands-off' investment. . . La Casa Resort is Freehold ownership, open YEAR-ROUND for you or VACATION RENTAL guests to enjoy (La Casa is unaffected by recent Air bnb restrictions). . La Casa Resort Amenities: Beaches, sundecks, Marina with 100 slips & boat launch, 2 Swimming Pools & 3 Hot tubs, 3 Aqua Parks, Mini golf, Playground, 2 Tennis/Pickleball Courts, Volleyball, FirePits, Dog Beach, Upper View Park and Beach area Gated & Private Security, Owners Lounge, Owners Fitness/Gym Facility. Grocery/liquor store on site plus Restaurant. (id:63159)

Location Insights

Weather

Clear

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

SchoolTypeDistance
Davidson Road ElementaryElementary9.7 km
Oyama Traditional SchoolElementary10.3 km
George Elliot SecondarySecondary12.5 km
HS Grenda Middle SchoolMiddle12.7 km
Peter Greer ElementaryElementary13.0 km
Okanagan Landing ElementaryElementary18.0 km
Ellison ElementaryElementary20.5 km
Clarence Fulton SecondaryElementary20.6 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% ($6,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$103,200.00
Periodic payment — Principal & Interest (monthly)$665.81
Additional monthly expenses (strata, tax, utilities, etc.)$485.08
Total monthly cost$1,150.89
Interest paid over 5-yr term$29,577.42
Balance at end of term$92,828.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$6,450
Stress test qualifying rate8.09%
Payment you must qualify for$942.37

Cash Needed at Closing

Minimum down payment$6,450
Estimated BC PTT$1,290
Legal / closing costs (typical estimate)$1,500
Total cash needed$9,240

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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