Property Type: Land / LotOwnership: Leasehold

Lot 37-4-1 Cougar Road

Westbank, BC V4T3G1

$4,900,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
8.5 acres

Ownership & Fees

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

Interior

Fireplace
None

Exterior & Lot

Waterfront
Waterfront on creek

Listing Information

MLS®
10349747
Listed
May 29, 2025
Time on market
On the market for 459 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Kelowna · Data source: CREA DDF.

Description

This parcel is ready for your ideas. Close to everything you could want or need. Great opportunity for development. 8.5 Acre Creek frontage... 125-year lease offered . Shopping, medical, dental, wineries, breweries. World class restaurants and steps to Two Eagle golf course. Engineering brief required for any subdivision or zoning change applications. (id:63159)

Location Insights

Weather

Nearest station: Kelowna

Clear

12°C

Clear

Humidity 85%

Wind ENE calm km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

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
Sensisyusten House of Learning(Independent)Elementary1.4 km
Chief Tomat ElementaryElementary1.6 km
Our Lady of Lourdes(Independent)Elementary/Middle2.9 km
Shannon Lake ElementaryElementary3.1 km
Constable Neil Bruce Middle SchoolElementary3.3 km
Mount Boucherie SecondarySecondary3.6 km
Webber Road ElementaryElementary4.1 km
Hudson Road ElementaryElementary4.4 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 (5+)

  • Mission Ridge Park640 m
  • Hitchner Park644 m
  • Jennens Park665 m
  • Paddlewheeler Park694 m
  • Sternwheeler Park760 m

Nearby places data: © OpenStreetMap contributors.

School district: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($980,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$3,920,000.00
Periodic payment — Principal & Interest (monthly)$25,290.51
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$25,290.51
Interest paid over 5-yr term$1,123,483.27
Balance at end of term$3,526,052.68

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$980,000
Stress test qualifying rate8.09%
Payment you must qualify for$30,143.43

Cash Needed at Closing

Minimum down payment$980,000
Estimated BC PTT$163,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,144,500

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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