Engel & Völkers Okanagan
5300 Huston Rd., No. 211, Peachland, B.C.
Asking price: $699,000 (re-listed July 17)
Previous asking prices: $769,000 (February); $739,000 (April 2); $715,000 (April 22); $699,000 (May 14)
Selling price: $665,000 (Aug. 23)
Days on the market: 190
Taxes: $3,650 (2024)
Monthly maintenance fee: $180
Buyer’s agent: Richard Deacon, Engel & Völkers Okanagan
What they got
The house makes the most of lake views and morning light.Engel & Völkers Okanagan
This three-bedroom, three-bathroom duplex-style townhouse is part of a 26-unit strata community built on a slope in 2001, making the most of lake views and morning light.
With nearly 2,000 square feet of living space, the unit has a small original kitchen, an open-concept living area, a gas fireplace and engineered wood floors. There is an attached garage and a compact, nicely manicured backyard. The dated interior could use new paint and window treatments.
A perk was the low maintenance fee, which includes snow plowing and yard care.
“[Of the homes the buyer was looking at] this won by default because of the nice views, and it was nicely finished,” says the buyers’ agent, Richard Deacon.
The action
The townhouse has nearly 2,000 square feet of living space, and is part of a 26-unit strata community built on a slope in 2001.Engel & Völkers Okanagan
The buyers were a newly retired couple from Brampton, Ont., who wanted to live the quiet life but not far from the city. Peachland is only a 15-minute drive to West Kelowna.
The listing was an estate sale. Mr. Deacon’s buyers had been looking for about a year in different cities in the central Okanagan.
The agent’s take
The buyers were a newly retired couple from Brampton, Ont., who wanted to live the quiet life but not far from the city.Engel & Völkers Okanagan
Mr. Deacon said the property was listed for a long time because it was priced too high for market conditions. As a result, there was no competition for his buyers.
“In this market, you get killed when you start too high,” he says. “It can be death by a thousand cuts, and then you end up selling for what it should have been [originally] listed at, or even a little lower.”
The sale completed Nov. 2.