Property Type: Land / LotOwnership: Freehold

10551 Columbia Way

Vernon, BC V1H2B6

$198,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.3 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$527.82

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view, View (panoramic)

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10375122
Listed
February 5, 2026
Time on market
On the market for 207 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon Salt Fowler · Data source: CREA DDF.

Description

Imagine waking up every morning to the soothing sounds of nature, with panoramic, unobstructed views of the serene Okanagan Lake unfolding before you. This 0.30-acre lot offers a rare opportunity to experience rural living at its finest where peace, privacy, and nature blend seamlessly, providing the ideal foundation for your dream home. With much of the due diligence already completed, including a geo-tech report, topographical survey, approved septic plans, house plans, structural engineering plans, and a 0.5m front setback variance permit, you’re well on your way to bringing your vision to life. This property provides a major jump start for your dream build! Nestled in an idyllic setting, this land invites you to create a sanctuary that perfectly aligns with your lifestyle. Outdoor enthusiasts will be in their element with easy access to Westshore Estates Community Park, Evely Recreation Site, Killiney Beach, and the stunning beauty of Fintry Provincial Park. With nearby waterfall, hiking and biking trails, and a boat launch, this location offers endless outdoor adventure, all while maintaining the quiet solitude of country living. Your perfect escape is closer than you think! (id:63159)

Location Insights

Weather

16°C

Humidity 69%

Wind ESE 14 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 ElementaryElementary8.7 km
Ellison ElementaryElementary11.2 km
Clarence Fulton SecondaryElementary11.5 km
Mission Hill ElementaryElementary13.4 km
Oyama Traditional SchoolElementary14.1 km
Alexis Park ElementaryElementary14.5 km
Kidston ElementaryElementary14.7 km
St James(Independent)Elementary14.8 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: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$158,400.00
Periodic payment — Principal & Interest (monthly)$1,021.94
Additional monthly expenses (strata, tax, utilities, etc.)$43.99
Total monthly cost$1,065.93
Interest paid over 5-yr term$45,397.90
Balance at end of term$142,481.31

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,900
Stress test qualifying rate8.09%
Payment you must qualify for$1,446.42

Cash Needed at Closing

Minimum down payment$9,900
Estimated BC PTT$1,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$13,380

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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