Property Type: Condo / ApartmentOwnership: Strata

850 RAILWAY Lane Unit# 103

Okanagan Falls, BC V0H1R0

$299,900

1 bed1 bath1 parking858 sqftBuilt 2004
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Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$278/mo
Annual property tax
$1,438.38

Interior

Heating
Heat Pump
Cooling / A/C
Central air conditioning
Fireplace
None
Flooring
Laminate

Exterior & Lot

Exterior features
Brick, Other
View
Lake view, Mountain view, View of water

Parking

Total spaces
1 — uncovered indicated
Features
Additional Parking

Restrictions & Policies

Pets
Restrictions apply, 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
Living roomMain level14'6'' x 18'8''
KitchenMain level15'9'' x 8'9''
Dining roomMain level15'9'' x 9'11''
Primary BedroomMain level9'7'' x 9'10''
4pc BathroomMain level8'11'' x 8'4''

Listing Information

MLS®
10383008
Listed
April 10, 2026
Time on market
On the market for 143 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Penticton Realty · Data source: CREA DDF.

Description

This 1 bedroom, 1 bathroom condo located at 850 Railway Lane is turn key and can be sold with the furnishings. The open floor plan creates a seamless flow between the living, large dining area, and kitchen making it perfect for entertaining guests or simply enjoying everyday living. The kitchen boasts sleek cabinetry, stainless steel smart appliances, and ample counter space. In the master bedroom, you will find extra lockable storage in the closet. Some notable features on this unit would be - hot water on demand and floor to ceiling tiles in the bathroom, concrete walls and ceilings with extra insulation and high efficiency heating and cooling. If you purchase both unit 102 and 103 there is an optional door for access to either unit or lockable from both sides for security and privacy. This can be removed if purchased separately. Located in a vibrant neighbourhood, next to the lake you'll have easy access to an array of amenities including wineries, beaches, parks, and only 15 minutes from Penticton. Don't miss out on the chance to own this exceptional condo. Contact us today to schedule a viewing and make this beautiful property your new home! GST included. Furnishing package available. (id:63159)

Values & Trends

This listing

$350/sqft

Building average

No other active listings in this building

Okanagan Falls average

$378/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

33

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 ElementaryElementary456 m
Kaleden ElementaryElementary4.9 km
Princess Margaret SecondarySecondary13.0 km
Wiltse ElementaryElementary14.0 km
Holy Cross School(Independent)Elementary/Middle15.6 km
Columbia ElementaryElementary15.7 km
Penticton Christian School(Independent)K-1216.0 km
Entre-lacsElementary/Middle16.2 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 House542 m

Parks (4)

  • Lions Park207 m
  • Kenyon Park233 m
  • Christie Memorial Park437 m
  • Centennial Park573 m

Shopping (1)

  • Unnamed · 5350 9th Avenue109 m

Pharmacies (1)

  • Pharmasave293 m

Banks & ATMs (1)

  • Interior Savings & Credit Union · 4929 9th Avenue544 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Similkameen (SD53)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,920.00
Periodic payment — Principal & Interest (monthly)$1,547.88
Additional monthly expenses (strata, tax, utilities, etc.)$441.11
Total monthly cost$1,988.99
Interest paid over 5-yr term$68,761.76
Balance at end of term$215,808.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,190.82

Cash Needed at Closing

Minimum down payment$14,995
Estimated BC PTT$3,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,493

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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