Community Spotlight — Porta Loma, 5221–5227 Oleander Drive, Osoyoos BC
Four older townhomes on Osoyoos Lake.
Porta Loma is a four-unit strata townhouse complex at 5221, 5223, 5225 and 5227 Oleander Drive, built in 1986 per BC Assessment. An MLS® listing describes it as an exclusive four-unit waterfront complex.
The most recent sale, 5227 Oleander, was a remodelled end unit with a private boat slip and sandy beach access per its MLS® listing. BC Assessment and the listing differ on size and storeys, and strata fees, rules and slip terms are not published, so those are the first things to confirm.
WaterfrontBoat slip and beach access, per MLS® listing
$1.45M5227 sold August 2026, per MLS®
Facts come from an MLS® listing and BC Assessment records. Confirm fees, rules, slip terms and ownership details with the strata documents.
About Porta Loma
A four-unit waterfront strata with a rarely seen address
The MLS® listing for 5227 Oleander Drive names the complex Porta Loma and calls it an exclusive four-unit waterfront complex. The entrance sign on Oleander Drive shows only the address numbers, 5221 to 5227, not a name. The listing describes an end unit with a full remodel, a private boat slip and direct sandy beach access, an RV or boat garage and a carport.
BC Assessment lists four strata townhouses at these addresses, all recorded as built in 1986 with two storeys. Their strata areas run from about 1,860 to 2,030 sq ft, with three to five bedrooms. The 5227 listing describes three levels, including a self-contained two-bedroom suite on the lower level, and reports about 3,300 sq ft, so the two sources differ on size and storeys. Confirm measurements and what is finished before relying on either.
The sold listing is for one unit and may not describe the other three. Listings do not say what the strata fee is, whether any age, pet or rental restrictions apply, or how the boat slips are held. Ask for those details early.
5221 Oleander Drive
5223 Oleander Drive
5225 Oleander Drive
5227 Oleander Drive
📋 Porta Loma at a glance
📍Addresses: 5221, 5223, 5225 and 5227 Oleander Drive, Osoyoos, BC
🌊Waterfront: Described as a waterfront complex with sandy beach access, per MLS® listing for 5227
⛵Boat slip: A private slip is mentioned in the 5227 listing. Terms not published
🏢Size: 4 strata townhouses, per BC Assessment
🏠Home size: About 1,860 to 2,030 sq ft strata area, 3 to 5 bedrooms, per BC Assessment. The 5227 listing states about 3,300 sq ft
🏗️Built: 1986, per BC Assessment and MLS®
🚗Parking: RV or boat garage and carport at 5227, per listing
💵Strata fee and rules: Not stated in listings. Ask for them
✅Speculation Tax: Osoyoos not designated — no SVT
On-Site Photos
Porta Loma, in person
Townhomes with carports, lake and mountains behindEntrance sign, 5221–5227 Oleander Drive
Photos: Pat Miazga.
What Buyers Need to Know
Buying in Porta Loma — the important details
📜 Strata Documents
Ask for the bylaws, rules, minutes, financial statements, insurance details and any special levy history. Have them reviewed before you remove subjects.
🤝 A Four-Unit Strata
With four owners, one large repair is shared four ways and decisions depend on very few votes. Ask how the contingency reserve is funded and how repairs and insurance are handled.
⛵ Boat Slips and Beach
The 5227 listing mentions a private slip and beach access. Ask how slips are documented and assigned, whether they transfer on sale, what they cost to maintain, and what the lake-access rules require.
🛏️ Lower-Level Suite
The 5227 listing describes a self-contained two-bedroom lower level. Ask whether it is permitted, whether the bylaws and Town rules allow it to be rented, and how it affects insurance.
🏗️ 1986 Construction and Remodels
Ask for permits and contractor records for any remodel, and the age of the roof, plumbing, wiring and exterior. The sold listing mentions new mechanical systems and windows. Pat's construction background helps with this review.
🌊 Lakefront Considerations
Ask about lake-level history, flood and erosion considerations, and the insurance cost and coverage for a waterfront building. Check the wildfire and insurance picture too.
This page is general information, not legal advice. Facts about the complex come from an MLS® listing and BC Assessment records and may not be complete. Pat can pull recent sold comparables and help you get the strata documents in front of your lawyer.
Market Data — Updated October 2026
Recent activity in Porta Loma
📋 Active Listings
0 currently active
📈 Sold (Last 24 Months)
1 sold — $1,450,000
🧾 2026 Assessed Values
$500,000 to $608,000 across the four units, per BC Assessment
The townhome at 5227 Oleander sold for $1,450,000 against a final list price of $1,500,000, after 35 days on market, with an MLS® sold date of August 12, 2026. Its 2026 assessed value is $608,000. The listing describes an extensive remodel with an added lower-level suite, so that gap should not be read as a market-wide signal. With one sale and no active listings, this is not a trend. Ask Pat for sold comparables that fit a specific unit.
Figures from South Okanagan MLS® active and sold data exported October 6, 2026, covering September 24, 2024 to October 5, 2026, and BC Assessment 2026 values (as of July 1, 2025). Includes listings whose address is on Oleander Drive between 5221 and 5227.
Frequently Asked Questions
Porta Loma — quick answers
Where is Porta Loma in Osoyoos?
Porta Loma is at 5221, 5223, 5225 and 5227 Oleander Drive in Osoyoos, BC. The entrance sign shows only those address numbers. The name Porta Loma comes from an MLS® listing, which describes it as an exclusive four-unit waterfront complex.
How many units are in Porta Loma and when was it built?
BC Assessment lists four strata townhouses at 5221, 5223, 5225 and 5227 Oleander Drive. It records all four as built in 1986.
What features does the 5227 Oleander townhome have?
The MLS® listing for 5227 describes a remodelled end unit with a lower-level two-bedroom suite, a private boat slip, sandy beach access, an RV or boat garage and a carport. It reports about 3,300 sq ft, while BC Assessment records a strata area of 2,027 sq ft. Confirm the measurements.
How much do Porta Loma townhomes cost?
The townhome at 5227 sold for $1,450,000 in August 2026 after a final list price of $1,500,000 and 35 days on market (MLS® data to October 5, 2026). Nothing is currently listed in the MLS® data. One sale is a snapshot, not a trend.
What should I check before buying in Porta Loma?
Request the bylaws, minutes, financial statements, insurance details and strata fee. Ask how the boat slips are documented and assigned, whether any lower-level suite is permitted and may be rented, and for permits and contractor records for any remodel. Listings do not state the fee or the rules.
