40 Kestrel Place Unit# 12

About this home

Welcome to an exceptional offering in the prestigious Kestrel Estates, where refined design meets the serenity of lakeside living. Built in 2023, this impeccably crafted three bedroom, two and a half bathroom residence, complete with a sophisticated den, exudes modern elegance and thoughtful detail throughout. The heart of the home is a stunning open-concept living space, where floor-to-ceiling windows flood the interior with natural light and frame uninterrupted, panoramic views of Okanagan Lake. The seamless flow between the kitchen, dining and living areas creates an ideal setting for both intimate evenings and elevated entertaining. Outdoors, indulge in exclusive access to the Lakeview Estates Community Association’s private amenities, including a pristine beach, boat launch, dock, and designated swim area—offering a truly coveted Okanagan lifestyle. Additional features include a spacious double-car garage, abundant parking and ample storage. Alll designed with convenience and luxury in mind. This is a rare and distinguished opportunity to own a near-new residence in one of the region’s most desirable communities—where every detail reflects a commitment to quality, comfort, and timeless sophistication.

Property details

Market read

At $675 per sq ft of finished area, it is listed 68% above the $403 per sq ft median of the 212 detached homes that sold between $944K and $1.6M in the North Okanagan over the last 12 months, and 57% above the $431 per sq ft median of the 173 listed in that range now.

173 active listings against 212 sales in a year is about 10 months of supply in this range, at the past year's pace. Those sales took a median 63 days and sold at a median 97.0% of their final list price.

Across Adventure Bay, 15 detached homes sold in the last 12 months at a median $1,352,000 ($359 per sq ft), in a median 64 days, at 96.9% of final list price; 16 are listed now.

On the market 16 days under this listing, at its original price. Board records show it was listed before, with at least 172 days on market in total.

Association of Interior REALTORS® MLS® data, as of October 23, 2026. Sales are dated by accepted offer over the last 365 days. The price range is this list price plus or minus 25 percent, for the same kind of home in the same board area. Medians appear only where at least five properties qualify. Price per square foot uses total finished area, above and below grade together, so it is a check on price, not a valuation.

Land and setting

Local government

The Corporation of the City of Vernon, within the Regional District of North Okanagan

Zoning

MUS, Multi-Unit: Small Scale, under the City of Vernon Zoning Bylaw No. 6000

Parcel

0.23 acres

Agricultural Land Reserve

Outside the ALR

Lie of the land

Falls toward the northwest at an overall 40% grade; 72% of the parcel is steeper than 30%, and the ground changes about 15 m (48 ft) in elevation across it

Parcel area and local government from ParcelMap BC; zoning from the published zoning map of the City of Vernon; ALR from the Agricultural Land Commission boundary; floodplains from the Province’s designated floodplain mapping, which is decades old and incomplete, so local governments set flood construction levels and the absence of a designation here is not a clearance. The lie of the land is measured from the Province's LidarBC 1 m bare-earth elevation model, flown in 2025, across the parcel itself; it reads the ground, not the buildings, so banks and retaining walls count as steep ground. None of this replaces a title search, a survey or confirmation with the local government, which is the authority on zoning.

Location

Neighbourhood Access