Property Type: Condo / ApartmentOwnership: StrataNEW LISTING

850 Railway Lane Unit# 205

Okanagan Falls, BC V0H1R4

$329,000

1 bed1 bath1 parking928 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
$319/mo
Annual property tax
$1,453.66

Maintenance Fee Includes

WaterGarbageManagement

Also included: Ground Maintenance, Sewer

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
Wall unit
Fireplace
Yes (1)
Fireplace type
Gas, Unknown

Exterior & Lot

View
Lake view, Mountain view

Parking

Total spaces
1

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

RoomLevelDimensions
4pc BathroomMain level7'4'' x 9'9''
Laundry roomMain level7'5'' x 5'6''
FoyerMain level5'11'' x 9'0''
Primary BedroomMain level17'5'' x 11'9''
KitchenMain level15'1'' x 15'1''
Dining roomMain level9'3'' x 10'11''
Living roomMain level15'3'' x 15'0''

Listing Information

MLS®
10399022
Listed
August 27, 2026
Time on market
On the market for 4 days
Data last synced
August 28, 2026

Listing provided by: Skaha Realty Group Inc. · Data source: CREA DDF.

Description

Welcome to this charming 1 bedroom condo in an enviable location, just minutes from the lake, beach, walking trails, KVR cycling trail, and Okanagan Park. Enjoy a peekaboo lakeview and a bright, inviting open-concept layout designed for easy living. Offered fully furnished and turnkey, this home is ready to enjoy from day one - perfect as a full-time residence, weekend getaway or low-maintenance Okanagan retreat. The open living space provides a comfortable place to relax after a day at the beach, exploring the trails, paddle boarding, swimming, fishing or enjoying all that the Okanagan has to offer. New vinyl plank flooring was installed in 2021, and the building is pet-friendly, allowing one dog or one cat. Everyday convenience is right outside your door, with a library just downstairs, a small grocery market next door and several great restaurants in Okanagan Falls. Surrounded by world-class wineries and beautiful Okanagan wine country, you're also just a 15-minute drive to Penticton's restaurants, markets, events, shopping and amenities. With the lake, beach, parks, trails and cycling all close by, this is an easy opportunity to embrace the Okanagan lifestyle. Simply bring your suitcase and start enjoying! Come view today! (id:63159)

Values & Trends

This listing

$355/sqft

Building average

$350/sqft

1 active listing(s)

Okanagan Falls average

$377/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

13°C

Mainly Clear

Humidity 81%

Wind NNW 3 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 ElementaryElementary467 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 House539 m

Parks (4)

  • Lions Park192 m
  • Kenyon Park220 m
  • Christie Memorial Park423 m
  • Centennial Park580 m

Shopping (1)

  • Unnamed · 5350 9th Avenue102 m

Pharmacies (1)

  • Pharmasave293 m

Banks & ATMs (1)

  • Interior Savings & Credit Union · 4929 9th Avenue542 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Similkameen (SD53)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($16,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$263,200.00
Periodic payment — Principal & Interest (monthly)$1,698.08
Additional monthly expenses (strata, tax, utilities, etc.)$486.19
Total monthly cost$2,184.27
Interest paid over 5-yr term$75,433.88
Balance at end of term$236,749.25

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$16,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,403.40

Cash Needed at Closing

Minimum down payment$16,450
Estimated BC PTT$4,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$22,530

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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