1988 Dewdney Road

About this home

Arguably one of the best values on Okanagan Lake. If you’ve been waiting for the right time to buy waterfront, this is it... your future self will thank you. 110 feet of shoreline on 0.66 of an acre in sought-after McKinley Landing, this 5 bedroom home delivers panoramic lake views from every bedroom, soaring vaulted ceilings and a wall of windows that makes the lake the backdrop to everyday life. The bright, open main level flows to a covered outdoor lounge off the family room, perfect for entertaining, relaxing or catching the game. Downstairs, a fully self-contained 2 bedroom suite with private entry offers flexibility for guests, extended family or potential rental income. At the water, your private dock with boat lift is ready for summer. Swim, paddleboard, kayak or spend the afternoon in the shade along the shoreline. Two lakeside sheds include one with power, fridge, sink and microwave, basically begging to become your own private beach bar. A lit staircase leads down to the water for evenings by the lake. Private and peaceful, yet minutes from town, this is your chance to get onto Okanagan Lake and make everyone who said "wait" slightly jealous.

Property details

Market read

At $785 per sq ft of finished area, it is listed 51% above the $519 per sq ft median of the 130 detached homes that sold between $1.9M and $3.1M in the Central Okanagan over the last 12 months, and 35% above the $582 per sq ft median of the 215 listed in that range now.

215 active listings against 130 sales in a year is about 20 months of supply in this range, at the past year's pace. Those sales took a median 64 days and sold at a median 96.0% of their final list price.

Across McKinley Landing, 26 detached homes sold in the last 12 months at a median $1,517,500 ($500 per sq ft), in a median 66 days, at 97.5% of final list price; 24 are listed now.

On the market 4 days under this listing, at its original price. Board records show it was listed before, with at least 421 days on market in total.

Association of Interior REALTORS® MLS® data, as of October 20, 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

City of Kelowna, within the Regional District of Central Okanagan

Zoning

RR2, Small Lot Rural Residential, under the City of Kelowna Zoning Bylaw No. 12375

Parcel

0.66 acres

Agricultural Land Reserve

Outside the ALR

Lie of the land

Falls toward the southwest at an overall 37% grade; 67% of the parcel is steeper than 30%, and the ground changes about 32 m (105 ft) in elevation across it

Parcel area and local government from ParcelMap BC; zoning from the published zoning map of the City of Kelowna; 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