No photos available
Investment signal

$1,699,000

165 Highland Drive

Beds

5

Baths

5.1

Sqft

Year

1992

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

About this home

Summer evenings on the wrap-around deck, the lake catching the last of the light. Winter mornings by the fireplace, snow on the hills, coffee in hand. Friends gathered around the kitchen island, spilling out to the pool, staying longer than they planned. This is the home you pictured when you first imagined living in the Okanagan. Built to take full advantage of its elevated half-acre lot above Skaha Lake, 165 Highlands Drive orients every principal space toward panoramic views of the valley. Vaulted, wood-clad ceilings and a wall of glass anchor the great room, where a feature fireplace adds warmth without competing with the view. The covered wrap-around deck extends the living space into the landscape year-round, and the chef's kitchen, with granite countertops, stainless appliances, and a large center island, makes it easy to entertain at any scale. At nearly 4,000 square feet, five bedrooms and five bathrooms offer space for everyone. The expansive primary suite is refined and private, with a jetted tub, separate shower, double sinks, and a window framing the lake perfectly. Below, a fully finished two-bedroom, two-bathroom walk-out suite adds flexibility for family, guests, or potential rental income. Outside, a salt water pool, hot tub, and meticulously landscaped half-acre complete the picture. For the discerning buyer, 165 Highlands Drive delivers the very best of the Okanagan without compromise. (id:65958)

Subtype
Single Family
Structure
House
Community
Eastside/Lkshr Hi/Skaha Est
Common interest
Freehold
Living area
3,986 square feet
Lot size
0.51 acres
Lot dimensions
0.51
Parking
6 total
Stories
2
Fireplace
2
On market
Apr 15, 2026
Status changed
Apr 17, 2026
Annual tax
$5,426.41
Photos
52
MLS#
10381463
Area
OKANAGAN_FALLS

Features and systems

Parking

Attached GarageOversizeAdditional Parking

Basement

Full

Appliances

WasherRefrigeratorWater purifierDishwasherOvenDryerMicrowave

Heating

Heat PumpForced air

Cooling

Central air conditioningHeat Pump

Exterior

Wood siding

Flooring

HardwoodCarpetedCeramic Tile

Roof

Asphalt shingleUnknown

Lot

Private settingTreedCentral islandBalconyJacuzzi bath-tubThree Balconies

View

Lake viewMountain viewValley viewView of waterView (panoramic)

Pool

PoolInground poolOutdoor pool
Negative cash flow ~$3,246/mo at these assumptions

Cash on cash

-11.46%

Cap rate

3.60%

GRM

16.7

Break-even rent

$11,917

Financing

Down payment$339,800
Loan amount$1,359,200
Mortgage$8,339/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$779
Insurance$80
Maintenance$1,416
CapEx reserve$708
Vacancy loss$425

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

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

Mortgage estimate

Estimated $8,339/mo at 5.49% with 20% down, 25-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 17, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.