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$1,150,000

11263 Maddock Avenue

Lake Country South West, Lake Country · MLS® 10397505

1 sq ft lot

Land · Vacant Land · 52 days on market

Listed by Scott Marshall, Sotheby's International Realty Canada

Realtor's description

Welcome to one of the Okanagan’s most exceptional lifestyle opportunities, where you can enjoy lakefront living without the premium price tag. Positioned across from protected parkland stretching to the shoreline, this property offers a semi-waterfront lifestyle while preserving your privacy and connection to nature. House plans are available, thoughtfully built into the hillside where the kitchen, great room, dining area, home office, and bedrooms all capture lake views. The primary retreat is unforgettable, offering sweeping views from the bedroom and spa-inspired ensuite. The design offers five bedrooms, including a suite above the garage, where flexibility creates endless possibilities to generate income through legal short- or long-term rental, host extended family or guests, or provide an ideal living space for university students attending UBC Okanagan, just 10 minutes away. The location is equally extraordinary. Enjoy the serenity of Okanagan Centre while remaining just 10 minutes from Kelowna International Airport. Here you experience the conveniences of the city without the congestion and pace of urban living. Instead, your daily drive winds through rolling hills lined with vineyards, orchards, and award-winning wineries, creating a landscape that feels like the Italian countryside. The charming village of Okanagan Centre offers approximately 2.6 kilometres of treed public shoreline, a unique stretch of waterfront creating a sense of community and connection to nature that is becoming rare. The village itself captures the essence of the Okanagan, with its historic museum, charming restaurant, beloved ice cream shop, quiet beaches, and welcoming atmosphere. It’s a place where neighbours know one another and life slows to a more meaningful pace. Properties like this are rare; lake views, architectural potential, and flexibility, all in one of the most authentic locations in the valley. Embrace the Okanagan lifestyle, and create your own private paradise.

Property details

Type: Land, Vacant Land
Lot: 1 sq ft
Parking: 0
Property tax: $4,852 / yr
Days on market: 52
MLS®: 10397505

Features

Rural Setting

Property insights

On market 52 days

The market here

Listed now: 79 days; median for 78 homes for sale; this one 52 days

Homes in Lake Country. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$5,415/mo

Mortgage $5,010 · Tax $404

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$5,010/ monthly

loan $920,000

25-year amortization

down payment20% · $230,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 9, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $583,132
property transfer tax: $21,000; BC general rate
cash to close: $251,000; down + PTT
total paid: $1,503,132

Estimates only. Rates change daily and lenders qualify at the stress-test rate; first-time-buyer and newly-built PTT exemptions aren't applied. Talk to a mortgage broker before you offer.

If you rented it out

Suite rent: $1,597/mo
Your cost after the suite: $4,120/mo; vs $5,590 without it

Suite rent / moDown payment %Rate %

Costs: mortgage $5,010 · tax $404 · insurance ~$175 · vacancy 3% · upkeep 5%.

Rent starts at CMHC's average for a studio (1-bedroom for the suite) in Kelowna (CMHC Rental Market Survey, October 2025). Averages include long-time tenants, so new leases usually ask more; houses usually rent for more than apartments. 25-year mortgage; rental purchases need at least 20% down.

BC rules for landlords

Short-term rentals are limited to the host's principal residence in most communities. gov.bc.ca
Rent increases are capped once a year at the province's set amount. gov.bc.ca
The speculation and vacancy tax applies in many areas to homes not lived in or rented out. gov.bc.ca
Selling within two years of buying can trigger the BC home flipping tax. gov.bc.ca

Location

Lot outline: 5,020 m² (54,035 sq ft) · PID 004-011-139. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Lake Country South West, Lake CountryGoogle Maps ↗

Location

Lake Country South West, Lake CountryGoogle Maps ↗

Schools

Catchment schools, Central Okanagan School District 23

Elementary Davidson Road Elementaryhomes in this catchment
1.5 km away · 2115 Davidson Rd, Lake Country · 250-870-5117
Middle Hs Grenda Middlehomes in this catchment
4.0 km away · 10168 Konschuh Rd, Lake Country · 250-870-5124
Secondary George Elliot Secondaryhomes in this catchment
3.8 km away · 10241 Bottom Wood Lake Rd, Winfield · 250-870-5102

From the Central Okanagan School District 23's published catchment maps. A catchment gives priority, not a guaranteed seat, and French immersion and choice programs work differently. The district confirms catchment: check with its school locator.

Good to know

Wildfire
The BC Wildfire Service rates Kelowna's wildland urban interface as risk class 1 of 5 (the highest class). 4 wildfires of 10 hectares or more burned within 5 km since 2006: 2023 (373 ha), 2023 (14k ha), 2017 (50 ha), 2015 (565 ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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