A mixed-use building at 5820 89th Street with residential condos above and commercial units at street level, directly across from the beach.
Villa del Paraiso is a mixed-use building on 89th Street. MLS® records show residential condo units (including top-floor penthouse-style suites with lake views) and commercial units at grade. The two uses have different rules, fees and buyers — know which one you are looking at.
As of October 9, 2026 the active listings at this address are commercial units; no residential unit was active in the current MLS® export.
Residential buyers are drawn to the walkable location directly across from the beach, near shops, a bakery, golf and wineries. One listing described a top-floor end-unit penthouse with panoramic lake views, three bedrooms and two bathrooms.
Commercial buyers or tenants get lakeside street frontage on a visible corner. Neighbouring businesses mentioned in MLS® remarks include a bakery, a property-management office, cleaning services and massage therapy.
Mixed-use strata have their own considerations — shared costs between residential and commercial owners, use restrictions, and different insurance and financing treatment. Review the bylaws and any commercial/residential cost-sharing in the strata documents.
Read the bylaws and minutes closely for residential versus commercial cost allocation and use restrictions.
If you are buying commercial space, confirm zoning, permitted uses, signage rules and tenant arrangements.
Confirm pet, rental and short-term rental rules for residential units; they may differ from commercial rules.
Mixed-use buildings can be treated differently by lenders and insurers.
Built in the mid-2000s. Pat's construction background helps assess envelope and mechanical systems.
Fees, property tax, insurance and special levies — confirm what is included.
As of 2024, deferring a depreciation report by vote is no longer allowed — South Okanagan strata corporations have until July 1, 2027 to be compliant. See the full guide →
2 commercial-unit listings; no residential units active
Figures from South Okanagan MLS® active listings exported October 9, 2026. Facts marked “per MLS® listing” come from listing remarks and fields and may differ by unit — verify strata fees, rules and building details in the strata documents. Pat can pull recent sold comparables for any unit you are considering.
Both. MLS® records show residential condo units above and commercial units at grade in the same building.
As of October 9, 2026 the active listings at this address in the MLS® export are commercial units. Residential units come up occasionally — ask Pat to watch for one.
Confirm whether the unit is residential or commercial, read the strata bylaws and cost-sharing provisions, and check financing, insurance and use restrictions.
Pat can watch for residential or commercial units at Villa del Paraiso and help you read the mixed-use strata documents.
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