Property Type: Land / LotOwnership: Freehold

1038 Fairview Road

Oliver, BC V0H1T1

$799,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.59 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,846

Interior

Fireplace
None

Exterior & Lot

View
City view, Mountain view, Valley view, Ravine view, View (panoramic), Unknown

Listing Information

MLS®
10395126
Listed
July 27, 2026
Time on market
On the market for 35 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Attention Developers! Conditionally pre-approved for a 4-lot subdivision. In the heart of Oliver, this rare 0.59-acre property presents one of the South Okanagan’s most attractive small-scale development opportunities. Flat, usable, and ideally located directly across from vineyards and orchards with beautiful mountain views, the property combines strong redevelopment potential with an increasingly hard-to-find in-town location within walking distance to everyday amenities. The vision for the property allows for up to 4 dwelling units per parcel, creating the potential for a 16-door residential development in one of the Okanagan’s fastest-growing communities. Preliminary planning discussions and concept work suggest strong suitability for duplexes with secondary suites. The site is fully serviced to the lot line. For builders, developers, and investors looking for an attainable entry into the South Okanagan land market, opportunities like this are becoming increasingly rare. Seller is open to creative purchase options (Trades, retained equity, JV partnership) Buyer to verify subdivision potential, density, servicing requirements, and development plans with the Town of Oliver. Property being sold ""As-Is Where Is"" (id:63159)

Location Insights

Weather

Nearest station: Osoyoos

23°C

Humidity 43%

Wind S 7 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

5,094

(2021 Census)

+3.4% since 2016

Density: 927.9/km²

Dwellings: 2,445

Median household income: $68,500

After-tax: $62,400

Immigrant population: 18.9%

Top countries of origin (% of total population)

  • India5.4% · 275
  • United Kingdom2.4% · 120
  • United States of America1.3% · 65
  • Portugal1.2% · 60
  • Germany1.1% · 55
  • El Salvador0.9% · 45
  • Philippines0.8% · 40
  • Netherlands0.6% · 30

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Southern Okanagan SecondarySecondary858 m
Southern Okanagan AltSecondary858 m
Oliver ElementaryElementary861 m
Tuc-el-Nuit ElementaryElementary1.0 km
Senpaq'cin School(Independent)Elementary2.9 km
Cawston Primary SchoolElementary14.4 km
Osoyoos ElementaryElementary18.0 km
Okanagan Falls ElementaryElementary18.4 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.

Nearby Places

Parks (1)

  • Unnamed679 m

Nearby places data: © OpenStreetMap contributors.

School district: Okanagan-Similkameen (SD53)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.9% ($54,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$639,200.00
Periodic payment — Principal & Interest (monthly)$4,123.90
Additional monthly expenses (strata, tax, utilities, etc.)$320.50
Total monthly cost$4,444.40
Interest paid over 5-yr term$183,196.56
Balance at end of term$574,962.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$54,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,721.87

Cash Needed at Closing

Minimum down payment$54,900
Estimated BC PTT$13,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$70,380

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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