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$899,900

5286 Buchanan Road

Peachland · MLS® 10384221

2 bed · 2 bath · 1,471 sq ft · 0 sq ft lot · 8 parking

House · Single Family · built 1955 · 170 days on market

Listed by Shane Styles, Stilhavn Real Estate Services

Realtor's description

BUILDERS, INVESTORS, DEVELOPERS look no further for an ideally positioned future development opportunity with rental income or personal use coverage in the interim. Gently sloped site, 180 degree Okanagan Lake views, walkable beach accesses, 30 minutes closer to Vancouver. The vision is here for a well timed acquisition in advance of the poised market recovery. This charming lakeview home with unstoppable views sits on .49 of an acre with public road access from both Buchanan Rd and Tailyour Ln. Numerous redevelopment options present themselves from 2 - 4 exclusive lakeview lots, up to 7 potential townhomes or a more comprehensive redevelopment through adjacent land acquisitions. The underused basement has the potential to add bedrooms and more rental revenue as well. Site power has been upgraded to 400 amps.

Property details

Type: House, Single Family
Bedrooms: 2
Bathrooms: 2
Living area: 1,471 sq ft
Lot: 0 sq ft
Parking: 8
Year built: 1955
Property tax: $4,488 / yr
Days on market: 170
MLS®: 10384221

Features

Corner Site
Sloping
Jacuzzi bath-tub
One Balcony
Refrigerator
Range - Gas

Price check

Price per sq ft: $612 vs $415 median for houses in Peachland for sale (73)

An estimate from public BC Assessment records, registered sales and the listings for sale right now, not an appraisal. Condition, renovations, views and lot all move real value.

Property insights

On market 170 days

The market here

Listed now: 51 days; median for 73 houses for sale; this one 170 days

Houses in Peachland. Sale prices register 1 to 3 months after a sale closes.

Monthly cost

$4,295/mo

Mortgage $3,921 · Tax $374

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

estimated payment

$3,921/ monthly

loan $719,920

25-year amortization

down payment20% · $179,98020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 7, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $456,313
property transfer tax: $15,998; BC general rate
cash to close: $195,978; down + PTT
total paid: $1,176,233

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

PeachlandGoogle Maps ↗

Location

PeachlandGoogle Maps ↗

Schools

Catchment schools, Central Okanagan School District 23

Elementary Peachland Elementaryhomes in this catchment
1.3 km away · 5486 Clements Cres, Peachland · 250-870-5122
Middle Glenrosa Middlehomes in this catchment
6.2 km away · 3430 Webber Rd, West Kelowna · 250-870-5142
Secondary Mount Boucherie Secondaryhomes in this catchment
11.3 km away · 2751 Cameron Rd, West Kelowna · 250-870-5101

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.

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