Property Type: Land / LotOwnership: Leasehold

Ki Low Na Road Lot# 4

Vernon, BC V1H2H3

$149,900

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Property Details

Property & Lot

Sub-type
Other

Ownership & Fees

Property type
Land / Lot
Ownership
Leasehold
Annual property tax
$0

Interior

Fireplace
None

Exterior & Lot

Waterfront
Waterfront on lake
Lot features
Level lot, Private setting

Building

Water source
Lake/River Water Intake
Sewer
Septic tank
Parcel ID (PID)
000-000-000

Restrictions & Policies

Pets
Allowed
Rentals
Not allowed

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

Listing Information

MLS®
10393655
Listed
July 4, 2026
Time on market
On the market for 58 days
Data last synced
August 29, 2026

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

Description

**Looking for the perfect recreational lakefront getaway on Okanagan Lake?** This meticulously maintained leasehold property on Ki Low Na Road is just 30 minutes from Vernon and offers 50 feet of prime Okanagan Lake frontage. The property is fully set up for seasonal RV living, featuring a spacious 27' x 12' deck with room to park your RV alongside. It includes a septic system with tank and field, making it ready for comfortable seasonal enjoyment. Enjoy everything lake life has to offer with a 90-foot dock complete with a powered boat lift, plus your own private boat launch right beside the dock. A storage shed with a 100-amp electrical panel provides ample power, including two 30-amp RV hookups—perfect for hosting family or friends with a second RV. The property is serviced by a lake water intake and an underground sprinkler system to keep the lawn lush throughout the season. Located at the very end of the road, this lot offers exceptional privacy, along with a sandy beach area and a fire pit—the perfect place to gather for evenings by the water and, of course, s'mores! This property is situated on First Nations leasehold land and is available for seasonal use from April 1 through October 31. The current annual lease is **US$5,500**, reviewed every five years and subject to adjustment. Upon the sale of a leasehold interest, the landowner receives **15% of the gross sale price**. As this is a ""buckshee"" (handshake) lease, conventional financing is not available. The current owner has enjoyed this property for 22 years without issue. If you've been dreaming of affordable Okanagan lakefront where you can boat, swim, relax, and create lasting family memories, this is an exceptional opportunity. (id:63159)

Location Insights

Weather

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

44,519

(2021 Census)

+11% since 2016

Density: 461.7/km²

Dwellings: 21,287

Median household income: $73,500

After-tax: $66,500

Immigrant population: 12.4%

Top countries of origin (% of total population)

  • United Kingdom2.3% · 1,030
  • Germany1.2% · 550
  • United States of America1% · 450
  • India0.8% · 355
  • Philippines0.7% · 315
  • Netherlands0.6% · 270
  • Poland0.3% · 150
  • South Africa, Republic of0.3% · 125

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Okanagan Landing ElementaryElementary6.7 km
Ellison ElementaryElementary9.1 km
Clarence Fulton SecondaryElementary9.4 km
Mission Hill ElementaryElementary11.4 km
Alexis Park ElementaryElementary12.4 km
St James(Independent)Elementary12.7 km
Kidston ElementaryElementary12.8 km
Ecole Beairsto ElementaryElementary12.9 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: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($7,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$119,920.00
Periodic payment — Principal & Interest (monthly)$773.68
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$773.68
Interest paid over 5-yr term$34,369.42
Balance at end of term$107,868.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,495
Stress test qualifying rate8.09%
Payment you must qualify for$1,095.04

Cash Needed at Closing

Minimum down payment$7,495
Estimated BC PTT$1,499
Legal / closing costs (typical estimate)$1,500
Total cash needed$10,494

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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