Property Type: Land / LotOwnership: Freehold

0000 Highway 97 Rural Highway

Vernon, BC V1T5W8

$399,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
5.18 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,327

Interior

Fireplace
None

Listing Information

MLS®
10391111
Listed
June 12, 2026
Time on market
On the market for 80 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

This property offers a rare opportunity to own 5.18 acres ( separated by Highway 97 ) of scenic land in the highly desirable North Okanagan, just south of Vernon. Comprised of two parcels under one title, the property provides exceptional flexibility for building and development, with each parcel showcasing its own unique views and character. Property Highlights * 5.18 acres total on two separate parcels under a single title. * Upper parcel (approximately 1.6 acres) accessed via Westridge Road, featuring spectacular panoramic views of Kalamalka Lake, the surrounding valley, and rolling hillsides. *Lower parcel (approximately 3.5 acres) accessed from Kalamalka Lakeview Drive, offering beautiful mountain and rural vistas. *Conveniently located near Kekuli Bay Provincial Park, providing easy access to beaches, boating, hiking, and outdoor recreation. *Ideal topography for custom home construction designed to maximize the stunning natural surroundings. *Situated in an area experiencing significant growth, with numerous estate-style homes being built nearby. For an informed viewing, please reach out to your Real Estate Agent for additional information prior to visiting the property. (id:63159)

Location Insights

Weather

18°C

Humidity 66%

Wind ESE 16 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

44,519

(2021 Census)

+11% since 2016

Density: 461.7/km²

Dwellings: 21,287

Median household income: $73,500

After-tax: $66,500

Immigrant population: 12.4%

Top countries of origin (% of total population)

  • United Kingdom2.3% · 1,030
  • Germany1.2% · 550
  • United States of America1% · 450
  • India0.8% · 355
  • Philippines0.7% · 315
  • Netherlands0.6% · 270
  • Poland0.3% · 150
  • South Africa, Republic of0.3% · 125

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Okanagan Landing ElementaryElementary4.5 km
Kidston ElementaryElementary4.9 km
Clarence Fulton SecondaryElementary5.4 km
Kalamalka SecondaryElementary5.4 km
Ellison ElementaryElementary5.5 km
Mission Hill ElementaryElementary6.4 km
Coldstream ElementaryElementary6.5 km
Alternative Learning ProgramSecondary7.5 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$277.25
Total monthly cost$2,336.62
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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