Property Type: Land / LotOwnership: Freehold

8888 Lakeshore Road Lot# 4

Kelowna, BC V1W4J5

$1,850,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
11.91 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$6,547

Interior

Fireplace
None

Listing Information

MLS®
10390788
Listed
June 18, 2026
Time on market
On the market for 74 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Spectacular, lakeview homesite with 600 feet of Lakeshore Road frontage on 11 acres. Zoning allows a primary residence, accessory home, and 4 short-term rental units. The large, flat, 3 acre building area also has room for a multi-vehicle garage, workshop, sports court, pool, and outdoor entertainment area. To give a sense of the size, the concept schematic includes a 10,000 square foot footprint for a primary residence, and an 8,000 square foot footprint for the garage/workshop. The long linear frontage provides the opportunity to build a very wide home -- with city and lake views from all rooms! The site also has outstanding sun orientation and 180 degree views. This is an incredibly private setting with Okanagan Mountain Provincial Park as your backyard. The owner will have favoured access to the Park’s 15 miles of hiking and riding trails plus Lakeshore Road for serious or casual road biking. This property is part of Golden Mile, a 72 acre subdivision comprised of just 4 estate properties at the end of Lakeshore Road. Named for being the last mile of private land before Okanagan Mountain Provincial Park, Golden Mile is an irreplaceable setting and a legacy for future generations. Lastly, the property is not subject to B.C.’s speculation and vacancy tax. Call us now for details or to arrange a visit! (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
Our Lady of Lourdes(Independent)Elementary/Middle5.7 km
Webber Road ElementaryElementary6.2 km
Peachland ElementaryElementary6.3 km
Glenrosa Middle SchoolMiddle6.6 km
Glenrosa ElementaryElementary7.2 km
Sensisyusten House of Learning(Independent)Elementary7.5 km
Chief Tomat ElementaryElementary7.9 km
Helen Gorman ElementaryElementary8.2 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.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($370,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,480,000.00
Periodic payment — Principal & Interest (monthly)$9,548.46
Additional monthly expenses (strata, tax, utilities, etc.)$545.58
Total monthly cost$10,094.04
Interest paid over 5-yr term$424,172.25
Balance at end of term$1,331,264.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$370,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,380.68

Cash Needed at Closing

Minimum down payment$370,000
Estimated BC PTT$35,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$406,500

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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