Property Type: Condo / ApartmentOwnership: Strata

750 Railway Lane Unit# 28

Okanagan Falls, BC V0H1R0

$385,000

2 bed1 bath1 parking1,037 sqftBuilt 2002
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$361/mo
Annual property tax
$1,697

Maintenance Fee Includes

WaterGarbageManagement

Also included: Ground Maintenance, Insurance, Other, See Remarks, Sewer

Interior

Heating
Baseboard heaters
Cooling / A/C
Window air conditioner
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View of water, View (panoramic)
Pool
Pool, Inground pool, Outdoor pool

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed, Allowed with restrictions
Rentals
Allowed

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

Room Dimensions

RoomLevelDimensions
Dining nookMain level9'9'' x 11'
Full bathroomMain level
Laundry roomMain level6'10'' x 7'10''
BedroomMain level8'10'' x 9'9''
Primary BedroomMain level10'5'' x 16'
KitchenMain level8'5'' x 12'
Living roomMain level14'6'' x 14'6''

Listing Information

MLS®
10395693
Listed
July 23, 2026
Time on market
On the market for 39 days
Data last synced
August 28, 2026

Listing provided by: 2 Percent Realty Interior Inc. · Data source: CREA DDF.

Description

Top-floor 2 bedroom, 1 bathroom condo overlooking the tranquil water channel leading into Skaha Lake. This bright and inviting home features updated flooring, a large bathroom, and spacious living room. Enjoy outdoor living on the private deck complete, perfect for summer evenings. Ideally located, the building borders the popular KVR Trail and offers easy access to Skaha Lake, making it a fantastic option for outdoor enthusiasts biking, hiking and boating. Residents can also enjoy the community pool during the warmer months. Elevator access provides convenient entry to this top-floor unit. Rentals are permitted, and there is no vacant home tax or speculation tax, offering excellent flexibility for both full time living and recreational use. This complex is also pet friendly and no age restrictions. Strata fees $361.00 per month. Den is being used as a bedroom and does not have a closet. (id:63159)

Values & Trends

This listing

$371/sqft

Building average

No other active listings in this building

Okanagan Falls average

$374/sqft

6 active listing(s)

Parking: 1 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

37

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 ElementaryElementary563 m
Kaleden ElementaryElementary4.8 km
Princess Margaret SecondarySecondary12.9 km
Wiltse ElementaryElementary13.9 km
Holy Cross School(Independent)Elementary/Middle15.5 km
Columbia ElementaryElementary15.6 km
Penticton Christian School(Independent)K-1215.9 km
Entre-lacsElementary/Middle16.1 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 House594 m

Parks (4)

  • Lions Park106 m
  • Kenyon Park216 m
  • Christie Memorial Park411 m
  • Centennial Park668 m

Shopping (1)

  • Unnamed · 5350 9th Avenue162 m

Pharmacies (1)

  • Pharmasave363 m

Banks & ATMs (1)

  • Interior Savings & Credit Union · 4929 9th Avenue603 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Similkameen (SD53)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$308,000.00
Periodic payment — Principal & Interest (monthly)$1,987.11
Additional monthly expenses (strata, tax, utilities, etc.)$554.42
Total monthly cost$2,541.53
Interest paid over 5-yr term$88,273.69
Balance at end of term$277,047.00

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,250
Stress test qualifying rate8.09%
Payment you must qualify for$2,812.49

Cash Needed at Closing

Minimum down payment$19,250
Estimated BC PTT$5,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,450

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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