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Legal suite

$294,999

8164 Okanagan Landing Road

Beds

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Baths

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Sqft

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Year

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Location

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About this home

This is a great neighborhood! Perched atop an exclusive 4-lot subdivision in gated Cimarron Estates, this exceptional 0.51-acre property offers breathtaking west-facing panoramic views of Okanagan Lake. Ideally located just beyond the Yacht Club and Paddlewheel Park, this premier lot captures stunning sunsets and uninterrupted lake vistas. Thoughtfully planned to complement the natural hillside setting, the property is perfectly suited for a custom home designed to maximize views from every room and level. Extensive site preparation has already been completed, with all services conveniently brought underground from the road to the lot—saving valuable time and cost for the future build. Zoned MUS allowing for a legal suite. (id:65958)

Subtype: Vacant Land
Structure: Other
Community: Okanagan Landing
Common interest: Freehold
Lot size: 0.51 acres
Lot dimensions: 0.51
Condo/HOA fee: $0 monthly
On market: Apr 9, 2026
Status changed: Apr 13, 2026
Annual tax: $1,359.23
Photos: 13
MLS#: 10382633
Area: VERNON

Features and systems

View

Lake viewValley view

Utilities

WaterNatural GasElectricityCableTelephone

Positive cash flow ~$248/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

5.05%

Cap rate

6.90%

GRM

10.2

Break-even rent

$2,139

Financing

Down payment$59,000

Loan amount$235,999

Mortgage$1,448/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$135

Insurance$80

Maintenance$246

CapEx reserve$123

Vacancy loss$120

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

Mortgage estimate

Estimated $1,448/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 13, 2026.