$1,400,000
1429 Teasdale Road, Kelowna
Farm, 3.3 acres · MLS® 10389897
Hall Cassie Marshall Group listingSotheby's International Realty Canada
$1,289,000
3643 Malakwa Road, Malakwa
Development land
Overview
Incredible investment opportunity, sitting on 21.795 acres of riverfront land to the northeast of Sicamous, adjacent to Highway 1 (Trans Canada Highway).
What it costs to buy
Transfer tax, down payment and the monthly payment at your lender's rate, from $1,289,000.
- Transfer tax
- $23,780
- Down payment
- $257,800
- Mortgage
- $1,031,200
- Monthly
- Enter a rate
Property transfer tax at the Province of British Columbia's rates, read 21 September 2026: 1 percent to $200,000, 2 percent to $2,000,000, 3 percent above, and a further 2 percent on residential value above $3,000,000. Under 20 percent down the mortgage includes CMHC's insurance premium, at CMHC's rates read 26 September 2026, and is held to 25 years unless it is a first purchase or a new build; from $1,500,000 no insurance is offered, so 20 percent down is the least. The monthly figure assumes semi-annual compounding and leaves out property tax, strata fees and utilities. Confirm every figure with your lender and lawyer.
Mortgage calculatorTransfer tax calculatorThis offering includes a gas station with high visibility (leased to September 2031), fuel tank; an equipped restaurant (currently vacant), six modular homes (currently rented), a structure with a rental both up and down, RV stalls, significant frontage onto Eagle River, and a freehold interest across the river where it bisects the property (Private island... helicopter landing spot? Private fishing? etc). Water to the property, and rentals, is supplied by a well with adequate filtration (as required by Interior Health).
As it currently stands, the property produces excellent cash flow even without the restaurant being leased. With full utilization of the property and natural tenant turnover, this property has tremendous upside. Add in the large land size, and large river frontage with a wonderful beach, this is a once-in-a-lifetime holding property.
Please inquire about a financial package of the property, which will include a financial summary. GST applicable.
Photos
Where it is
How far it is
- Kelowna International Airport (YLW)
- About 114 km
- UBC Okanagan
- About 117 km
- Downtown Kelowna (City Hall)
- About 125 km
Approximate, as the crow flies, from the listing's map point. The drive is longer.
Life nearby
Straight-line distances from the map point, rounded to the kilometre. The drive is longer, often around a lake.
- SilverStar Mountain ResortSkiing. About 65 km, as the crow flies
- The Rise ResortGolf, Vernon. About 81 km, as the crow flies
- Vernon Golf and Country ClubGolf, Vernon. About 82 km, as the crow flies
- Predator RidgeGolf, Vernon. About 91 km, as the crow flies
- Kaloya Regional ParkPark. About 98 km, as the crow flies
- Pioneer ParkBeach. About 98 km, as the crow flies
More I can send you
The plans and the paperwork3643 Malakwa Road has no floor plan in its listing. Ask, and I will email you the plan and any documents I can get for it.
Watch this listingI will email you if the price of 3643 Malakwa Road drops, or if it goes pending or leaves the market.
What it costs to buy
Transfer tax, down payment and the monthly payment at your lender's rate, from $1,289,000.
- Transfer tax
- $23,780
- Down payment
- $257,800
- Mortgage
- $1,031,200
- Monthly
- Enter a rate
Property transfer tax at the Province of British Columbia's rates, read 21 September 2026: 1 percent to $200,000, 2 percent to $2,000,000, 3 percent above, and a further 2 percent on residential value above $3,000,000. Under 20 percent down the mortgage includes CMHC's insurance premium, at CMHC's rates read 26 September 2026, and is held to 25 years unless it is a first purchase or a new build; from $1,500,000 no insurance is offered, so 20 percent down is the least. The monthly figure assumes semi-annual compounding and leaves out property tax, strata fees and utilities. Confirm every figure with your lender and lawyer.
Mortgage calculatorTransfer tax calculatorSimilar land
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