Property Type: Detached HouseOwnership: Freehold

8898 Michael Drive

Coldstream, BC V1B2B9

$979,000

4 bed3.5 bath2 parking3,311 sqftBuilt 1988
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.23 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,924.22

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (3)
Fireplace type
Free Standing Metal
Flooring
Hardwood, Carpeted

Exterior & Lot

Exterior features
Brick, Vinyl siding
View
Lake view, Mountain view, Valley view, View of water, View (panoramic)

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
2 — covered indicated
Features
Detached Garage, Street, Additional Parking

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
OtherLower level10'7'' x 14'1''
Laundry roomLower level7'0'' x 8'8''
Full bathroomLower level10'11'' x 7'4''
BedroomLower level13'0'' x 10'11''
BedroomLower level13'0'' x 10'10''
WorkshopLower level18'1'' x 20'5''
Family roomLower level17'8'' x 29'5''
2pc BathroomMain level6'3'' x 4'9''
BedroomMain level13'11'' x 14'8''
Full ensuite bathroomMain level9'0'' x 5'10''
Primary BedroomMain level15'0'' x 15'10''
Dining nookMain level13'11'' x 11'7''
KitchenMain level14'11'' x 20'7''
Dining roomMain level11'5'' x 16'10''
Living roomMain level14'0'' x 20'5''
FoyerMain level9'3'' x 21'0''

Listing Information

MLS®
10393772
Listed
July 6, 2026
Time on market
On the market for 56 days
Data last synced
August 28, 2026

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

Description

A front-row view of Kalamalka Lake and a home filled with nearly four decades of memories—welcome to 8898 Michael Drive. Offered for sale by its original owners, this custom-built home has been lovingly enjoyed and maintained since 1988 and is now ready for a new family to make it their own. Set in one of Coldstream’s most sought-after neighbourhoods, the home is designed to take full advantage of its spectacular, dead-on views of Kalamalka Lake. The bright dining area provides the perfect place to start the day overlooking the water, while the spacious deck delivers a stunning backdrop for morning coffee, summer dinners and entertaining. In the evening, retreat to the shaded front patio and enjoy another peaceful outdoor living space. The main floor features generous living spaces, including formal living and dining rooms with the flexibility to reconfigure the layout and create a third main-floor bedroom if desired. Downstairs, two additional large bedrooms and a huge family room with lake views offer plenty of space for family and guests. With a separate entrance and flexible floor plan, the lower level also offers excellent potential for a future suite. Outside, enjoy a landscaped, easy-care yard with garden beds and irrigation, all overlooking the lake. Schools, Kal Beach, trails and recreation are close by, with playground access right beside the property. This is an opportunity to put down roots in an exceptional Coldstream neighbourhood, personalize a well-loved home, and enjoy one of the Okanagan’s most iconic views every single day. (id:63159)

Values & Trends

This listing

$296/sqft

Building average

No other active listings in this building

Middleton Mountain Coldstream average

$427/sqft

15 active listing(s)

Parking: 2 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: Vernon

18°C

Humidity 66%

Wind ESE 16 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

11,171

(2021 Census)

+4.9% since 2016

Density: 167.8/km²

Dwellings: 4,341

Median household income: $110,000

After-tax: $97,000

Immigrant population: 11.4%

Top countries of origin (% of total population)

  • United Kingdom2.4% · 265
  • Germany1.3% · 150
  • United States of America0.8% · 90
  • India0.7% · 75
  • South Africa, Republic of0.5% · 60
  • Poland0.4% · 50
  • Netherlands0.4% · 40
  • China0.3% · 35

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 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
Kidston ElementaryElementary913 m
Kalamalka SecondaryElementary1.2 km
Coldstream ElementaryElementary2.1 km
Alternative Learning ProgramSecondary2.4 km
Vernon SecondaryElementary2.9 km
Hillview ElementaryElementary3.0 km
Mission Hill ElementaryElementary3.0 km
St James(Independent)Elementary3.4 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

Parks (2)

  • Unnamed393 m
  • Unnamed550 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 7.4% ($72,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$783,200.00
Periodic payment — Principal & Interest (monthly)$5,052.94
Additional monthly expenses (strata, tax, utilities, etc.)$576.35
Total monthly cost$5,629.29
Interest paid over 5-yr term$224,467.37
Balance at end of term$704,490.93

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$72,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,967.59

Cash Needed at Closing

Minimum down payment$72,900
Estimated BC PTT$17,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$91,980

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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