Property Type: Land / LotOwnership: Freehold

Proposed Lot 1 from 5617 Oyama Lake Road

Lake Country, BC V4V2C9

$649,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
9.88 acres

Ownership & Fees

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

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view

Listing Information

MLS®
10386203
Listed
May 6, 2026
Time on market
On the market for 117 days
Data last synced
August 28, 2026

Listing provided by: REMAX Kelowna · Data source: CREA DDF.

Description

Set on 9.88 acres in the sought-after Oyama area of Lake Country, this exceptional property offers a rare balance of privacy, natural beauty, and accessibility. Tucked just off Oyama Lake Road, it places you moments from renowned agricultural offerings and community amenities. The land itself unfolds with a gentle, natural slope while capturing sweeping, unobstructed views over both Wood Lake and Kalamalka Lake. Thoughtfully prepared for future development, a driveway has already been established for easy access, and substantial clearing has been completed to enhance both usability and fire mitigation. The expansive grounds provide ample space for a primary residence, carriage home, workshop, or additional lifestyle features tailored to your vision. Water provided by a newly drilled well. Meaningful progress has been made toward development permitting, including wildfire and geotechnical assessments—offering added confidence as you plan your build. Private, picturesque, and full of possibility, this is a rare opportunity to secure a premier acreage in one of Lake Country’s most desirable settings—whether your vision includes equestrian use, recreational space, or simply a refined retreat immersed in nature. (id:63159)

Location Insights

Weather

Nearest station: Kelowna

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

15,817

(2021 Census)

+22.4% since 2016

Density: 129.5/km²

Dwellings: 6,852

Median household income: $98,000

After-tax: $87,000

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom2.7% · 425
  • Germany1.3% · 200
  • United States of America1% · 160
  • India0.8% · 120
  • South Africa, Republic of0.3% · 55
  • Philippines0.3% · 55
  • Netherlands0.3% · 50
  • Russian Federation0.2% · 35

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Oyama Traditional SchoolElementary2.4 km
Peter Greer ElementaryElementary7.3 km
Davidson Road ElementaryElementary7.4 km
George Elliot SecondarySecondary7.8 km
HS Grenda Middle SchoolMiddle7.9 km
Kidston ElementaryElementary16.0 km
Kalamalka SecondaryElementary16.2 km
Okanagan Landing ElementaryElementary16.3 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: 6.1% ($39,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$519,200.00
Periodic payment — Principal & Interest (monthly)$3,349.70
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$3,349.70
Interest paid over 5-yr term$148,804.21
Balance at end of term$467,022.08

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$39,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,683.77

Cash Needed at Closing

Minimum down payment$39,900
Estimated BC PTT$10,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,380

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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