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$2,499,000

11530 Turtle Bay Court

Lake Country East / Oyama, Lake Country · MLS® 10385448

1 sq ft lot

Land · Vacant Land · 162 days on market

Listed by Stephanie Denk, eXp Realty (Kelowna)

Realtor's description

Re-zoned and ready to develop! APPROVED DEVELOPMENT PERMIT in place with plans for a 36 UNIT, 2-storey boutique Long term care facility! RARE opportunity- Lake Country’s growing population and no long term care facility make this a high-demand, high-impact project with strong future returns. Full architectural plans and exterior renderings available. All the heavy lifting has been done to get this ready for development. Building Covenants removed, phase 1 Environmental assessment done, rezoned for P2 zoning offers multiple options, i.e. medical treatment services, health services, care centers, food or liquor primary establishments etc. FAR of 2, with 50% site coverage. Situated on 0.61 acres in a prime location in Lake Country, close to Turtle Bay, Wood Lake, 12 min to the airport. Existing house in great shape for rental income of approx. $3000/m, until you start developing the land. Home has 3 bedrooms & 3 bathrooms, 2000 sq. ft. rancher with shed and lots of parking. Everything is ready for a savvy investor/group to step in and capitalize on this property with projected income available. Call Stephanie for full details and income projections. Easy to show.

Property details

Type: Land, Vacant Land
Lot: 1 sq ft
Parking: 0
Property tax: $5,628 / yr
Days on market: 162
MLS®: 10385448

Property insights

On market 162 days

The market here

Listed now: 79 days; median for 78 homes for sale; this one 162 days

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

Monthly cost

$11,357/mo

Mortgage $10,888 · Tax $469

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

estimated payment

$10,888/ monthly

loan $1,999,200

25-year amortization

down payment20% · $499,80020%+ 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: $1,267,171
property transfer tax: $52,970; BC general rate
cash to close: $552,770; down + PTT
total paid: $3,266,371

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.

Location

Lot outline: 2,502 m² (26,931 sq ft) · PID 017-705-347. From ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Lake Country East / Oyama, Lake CountryGoogle Maps ↗

Location

Lake Country East / Oyama, Lake CountryGoogle Maps ↗

Schools

Catchment schools, Central Okanagan School District 23

Elementary Oyama Traditionalhomes in this catchment
7.1 km away · 15525 Greenhow Rd, Oyama · 250-870-5121
Middle Hs Grenda Middlehomes in this catchment
2.4 km away · 10168 Konschuh Rd, Lake Country · 250-870-5124
Secondary George Elliot Secondaryhomes in this catchment
2.1 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). 2 wildfires of 10 hectares or more burned within 5 km since 2006: 2023 (373 ha), 2017 (50 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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