781 Wallace Road

This incredible 9 bed 8 bath income-producing luxury acreage offering over 6,000 sq.ft. sits on 2.5 acres of Okanagan beauty with breathtaking lake views and exceptional revenue potential. The property features a fully self-contained legal 2-bedroom suite plus an additional 1-bedroom and den/theatre room in-law suite, providing outstanding flexibility for multigenerational living, Airbnb potential, or long-term rental income. Adding even more value is approximately 1.5 acres of producing cherry trees including 80 Lapin trees and 100 Staccato trees generating approximately 10,000 lbs annually with room to expand by an additional 200 trees. This home showcases soaring ceilings, floor-to-ceiling windows, coffered ceilings, custom built-ins, and a striking linear fireplace. The chef-inspired kitchen features high-end stainless steel appliances, a massive island, butler’s pantry, and seamless access to the expansive covered deck overlooking the lake. The primary retreat offers panoramic lake views, a spa-inspired ensuite, walk-in closet, and private balcony. Complete with a triple car garage, abundant RV and boat parking, and located just minutes to wineries, golf, schools, shopping, and amenities, this property offers luxury, lifestyle, and exceptional long-term value in the heart of Kelowna.