$2,649,000
1988 Dewdney Road
Beds
5
Baths
3
Sqft
—
Year
1981
Type
Single Family
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
This is more than a lake house, it’s a private waterfront lifestyle. Walk in and you’re immediately met with a breathtaking panoramic lake view, framed by soaring vaulted ceilings and a wall of windows that flood the home with natural light. All five bedrooms capture that same stunning view, creating a rare and cohesive experience throughout. The main level is bright, open, and inviting, perfect for both everyday living and entertaining. Step outside to a covered outdoor lounge just off the family room, ideal for relaxing or catching the game with the lake as your backdrop. Downstairs features a fully self-contained 2 bedroom suite with private entry, offering incredible flexibility for guests, extended family, or strong short-term rental income potential in this high-demand area. At the water, enjoy a private dock with boat lift, a shaded lakeside setting, and two sheds, one fully powered with fridge, sink, and microwave, perfect for effortless lakeside entertaining or creating your own private beach bar setup. Paddleboard, kayak, swim, or simply unwind and take in the uninterrupted views. A lit staircase leads to the shoreline, creating the perfect evening ambiance. Located in sought-after McKinley Landing, just minutes to town yet offering the privacy, tranquility, and lifestyle of true Okanagan waterfront living, with easy access to trails, beaches, and year-round recreation. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- McKinley Landing
- Common interest
- Freehold
- Living area
- 3,177 square feet
- Lot size
- 0.66 acres
- Lot dimensions
- 0.66
- Parking
- 5 total
- Stories
- 1
- Fireplace
- 1
- On market
- Apr 23, 2026
- Status changed
- Apr 24, 2026
- Annual tax
- $11,438
- Photos
- 72
- MLS#
- 10384686
- Area
- KELOWNA
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Roof
Lot
Cash on cash
-6.24%
Cap rate
3.62%
GRM
16.7
Break-even rent
$16,151
Financing
Operating expenses (monthly)
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
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.