No photos available

Investment signal

$390,000

415 Commonwealth Road Unit# 313

Beds

Baths

Sqft

—

Year

2012

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

Text about this home Send a message

About this home

Cottage life awaits on Lake Lane at Holiday Park Resort! This beautifully maintained, original owner 2012 Modulux Design Park Model offers 778 sqft of comfortable year-round living with rare two-bedroom flexibility. Set near the shores of Ellison Lake, the home enjoys expansive lake and mountain views. Inside, the open layout features warm pine cabinetry, upgraded laminate and ceramic flooring, full-size laundry, hot water on demand, central furnace and A/C. The spacious king-sized primary bedroom provides excellent storage, while the second bedroom suits guests or a home office. A bright 4-season sunroom adds valuable extra living space. The 2,594 sqft lot is designed for easy Okanagan living with a double concrete pad, insulated skirting with storage, an extended covered patio, underground irrigation, ample parking, a golf-cart space, custom sunshade, and an insulated shed. Holiday Park Resort is an amenity-rich, gated community lifestyle with pools, hot tubs, pickleball courts, activity centres, walking paths, and 24/7 security. Maintenance fees ($5,762.72) cover water, sewer, garbage, snow removal, security, and full access to amenities. Short and long-term rentals are allowed, and pets are welcome. Registered federal prepaid lease to 2046. Located near the Kelowna airport, Okanagan Golf Club, UBCO, Big White, Sparkling Hill, and Lake Country, this is the perfect getaway, investment property, or full-time home where lake living truly shines. POTENTIAL FINANCING AVAILABLE! (id:65958)

Subtype: Recreational
Structure: Park Model Mobile Home
Community: Lake Country East / Oyama
Common interest: Leasehold
Living area: 778 square feet
Lot size: 0.06 acres
Lot dimensions: 0.06
Condo/HOA fee: $5,762.72 yearly
Stories: 1
On market: Nov 28, 2025
Status changed: Apr 14, 2026
Annual tax: $1,292.3
Photos: 31
MLS#: 10370128
Area: KELOWNA

Features and systems

Heating

Forced airSee remarks

Cooling

Central air conditioning

Community

Pets AllowedRentals Allowed

Waterfront

Waterfront on lake

Pool

PoolInground poolIndoor poolOutdoor pool

Negative cash flow ~$808/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-12.43%

Cap rate

3.40%

GRM

16.7

Break-even rent

$2,800

Financing

Down payment$78,000

Loan amount$312,000

Mortgage$1,914/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$179

Insurance$80

Maintenance$325

CapEx reserve$163

Vacancy loss$98

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 Kelowna. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,914/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 14, 2026.