Property Type: Land / LotOwnership: Freehold

867 Balsam Road

Kelowna, BC V1Z3V8

$109,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.43 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,720

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10393514
Listed
July 3, 2026
Time on market
On the market for 59 days
Data last synced
August 28, 2026

Listing provided by: Oakwyn Realty Okanagan · Data source: CREA DDF.

Description

PRICED TO SELL!!! $34,000 UNDER Assessed Value! Welcome to Valley Of The Sun! A small rural community located just off of Westside Road and just a stone's throw from Lake Okanagan. A short 5 minute drive down to Fintry Provincial Park, the beach and boat launch, this .43 acre lot is Completely Flat, which is a rarity in these hills. This lot also has Front and Back Access which makes driving through with a large RV or trailer, a breeze. There is an old dry well on property which the Seller has never used, has no information on, and offers no warranties. If you're looking to escape the city and the hustle and bustle, this is where you want to be. No building timeline and use at your leisure. (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
Oyama Traditional SchoolElementary11.8 km
Davidson Road ElementaryElementary13.1 km
George Elliot SecondarySecondary15.8 km
Okanagan Landing ElementaryElementary15.9 km
HS Grenda Middle SchoolMiddle16.0 km
Peter Greer ElementaryElementary16.2 km
Ellison ElementaryElementary18.5 km
Clarence Fulton SecondaryElementary18.7 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% ($5,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$87,920.00
Periodic payment — Principal & Interest (monthly)$567.23
Additional monthly expenses (strata, tax, utilities, etc.)$143.33
Total monthly cost$710.56
Interest paid over 5-yr term$25,198.12
Balance at end of term$79,084.32

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$5,495
Stress test qualifying rate8.09%
Payment you must qualify for$802.84

Cash Needed at Closing

Minimum down payment$5,495
Estimated BC PTT$1,099
Legal / closing costs (typical estimate)$1,500
Total cash needed$8,094

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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