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Investment signal

$1,089,000

12623 Driftwood Court

Save this home

Beds

5

Baths

3

Sqft

Year

2005

Type

Single Family

Suite

Suite potential

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lake Country. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Welcome to The Lakes in Lake Country! This 5-bedroom, 3-bathroom home offers the perfect blend of comfort and flexibility with a LEGAL 2-bedroom suite featuring its own private entrance. Ideal for Air BnB, rental income, extended family, or hosting guests, this home offers tremendous value. The main level boasts a bright, open-concept layout with soaring tray ceilings, hardwood floors, and expansive windows that frame the natural surroundings. The inviting living room with cozy fireplace flows seamlessly into the dining and kitchen areas, creating an ideal space for entertaining or relaxing. The primary suite offers a private retreat, complete with its own ensuite. Downstairs, the spacious suite provides 2 bedrooms, 1 bathroom, and a full kitchen, all with excellent privacy and separate entry. Outdoors, you’ll appreciate low-maintenance landscaping, a welcoming front yard, and LOADS of extra parking for your travel trailer, boat AND several vehicles. The expansive parking is one of the many features that set this home apart from everything else in The Lakes. Located in a quiet, sought-after neighbourhood with public transit just a short walk away, this home is minutes from schools, parks, hiking trails, and Lake Country’s incredible lakes and wineries. A rare opportunity to enjoy the Okanagan lifestyle with income potential built right in! Tremendous value - please book a private viewing at your earliest convenience. (id:65958)

Subtype
Single Family
Architectural style
Ranch
Structure
House
Community
Lake Country North West
Common interest
Freehold
Living area
2,902 square feet
Lot size
0.21 acres
Lot dimensions
0.21
Parking
2 total
Stories
2
Fireplace
1
On market
Mar 5, 2026
Status changed
Apr 20, 2026
Annual tax
$5,272
Photos
59
MLS#
10377513
Area
LAKE_COUNTRY

Features and systems

Parking

Attached Garage

Basement

Full

Appliances

RefrigeratorCooktop - ElectricRange - ElectricDishwasherMicrowaveWasher & Dryer

Heating

Forced airSee remarks

Cooling

Central air conditioning

Exterior

StoneStucco

Flooring

TileHardwoodCarpeted

Roof

Asphalt shingleUnknown

Lot

Irregular lot sizeOne Balcony

View

Mountain view

Security

Security system
Negative cash flow ~$1,177/mo at these assumptions

Cash on cash

-6.49%

Cap rate

3.57%

GRM

16.7

Break-even rent

$6,689

Financing

Down payment$217,800
Loan amount$871,200
Mortgage$4,414/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$499
Insurance$80
Maintenance$908
CapEx reserve$454
Vacancy loss$273

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $4,414/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 20, 2026.

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