Property Type: Land / LotOwnership: Freehold

10767 Happy Valley Road

Summerland, BC V0H1Z7

$595,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
2.07 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,066.52

Interior

Fireplace
None

Listing Information

MLS®
10380461
Listed
March 23, 2026
Time on market
On the market for 161 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Orchard Country · Data source: CREA DDF.

Description

Build Your Dream Lifestyle in Summerland Rarely does an opportunity like this come along. This never-before-offered, large CR1-zoned country residential lot is perfectly situated in a quiet and beautiful area just 5 minutes from the heart of Summerland. Surrounded by nature and offering breathtaking panoramic views of Lake Okanagan, this exceptional property provides the perfect canvas to create your dream home. Enjoy the peace and privacy of rural living while still being close to all amenities, wineries, and the charm that Summerland is known for. Large building lots in this desirable area are rarely available, making this a truly unique investment opportunity. Don’t miss your chance to secure a slice of Okanagan paradise. (id:63159)

Location Insights

Weather

16°C

Humidity 59%

Wind W 8 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

12,042

(2021 Census)

+3.7% since 2016

Density: 162.6/km²

Dwellings: 5,426

Median household income: $82,000

After-tax: $74,000

Immigrant population: 12.2%

Top countries of origin (% of total population)

  • United Kingdom3.3% · 395
  • Germany1% · 125
  • India0.9% · 110
  • United States of America0.8% · 95
  • Netherlands0.7% · 85
  • Poland0.4% · 50
  • Hungary0.3% · 40
  • Philippines0.3% · 40

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Unisus Junior School(Independent)Elementary2.1 km
Unisus Senior School(Independent)Secondary2.1 km
Summerland SecondaryK-122.1 km
Summerland Montessori School(Independent)Elementary2.1 km
Trout Creek ElementaryElementary3.2 km
Naramata ElementaryElementary4.5 km
West Bench ElementaryElementary10.3 km
Queens Park ElementaryElementary11.4 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.

School district: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$476,000.00
Periodic payment — Principal & Interest (monthly)$3,070.99
Additional monthly expenses (strata, tax, utilities, etc.)$255.54
Total monthly cost$3,326.53
Interest paid over 5-yr term$136,422.97
Balance at end of term$428,163.54

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,310.05

Cash Needed at Closing

Minimum down payment$34,500
Estimated BC PTT$9,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$45,900

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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