Property Type: Land / LotOwnership: Freehold

1129 Midday Valley Road

Merritt, BC V1K0A3

$825,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
2 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$10,681

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, View (panoramic)

Listing Information

MLS®
10394219
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Assurance Realty Ltd. · Data source: CREA DDF.

Description

2 acres M-1 (Light Industrial) land with great road access and on truck route. There is a neighbouring industrial development close by. Call for more details. Great opportunity to start to business here. (id:63159)

Location Insights

Weather

16°C

Humidity 59%

Wind NE 5 km/h

Tonight

Tuesday

25°

Tuesday night

12°

Wednesday

21°

Wednesday night

Thursday

16°

Source: Environment and Climate Change Canada.

Population

7,051

(2021 Census)

-1.2% since 2016

Density: 270.8/km²

Dwellings: 3,149

Median household income: $70,000

After-tax: $64,000

Immigrant population: 9.6%

Top countries of origin (% of total population)

  • India2.3% · 160
  • United States of America1% · 70
  • United Kingdom0.9% · 65
  • Philippines0.8% · 55
  • Korea, South0.5% · 35
  • Italy0.4% · 25
  • Netherlands0.4% · 25
  • South Africa, Republic of0.3% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Collettville ElementaryElementary1.2 km
Merritt Central ElementaryElementary1.2 km
Merritt SecondaryElementary1.4 km
Diamond Vale ElementaryElementary1.7 km
Nicola Canford ElementaryElementary2.0 km
Kengard Alternate SchoolSecondary2.1 km
Merritt Bench ElementaryElementary3.1 km
Lower Nicola Band School(Independent)Elementary6.9 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: Nicola-Similkameen (SD58)

Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($57,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$660,000.00
Periodic payment — Principal & Interest (monthly)$4,258.10
Additional monthly expenses (strata, tax, utilities, etc.)$890.08
Total monthly cost$5,148.18
Interest paid over 5-yr term$189,157.90
Balance at end of term$593,672.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$57,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,901.81

Cash Needed at Closing

Minimum down payment$57,500
Estimated BC PTT$14,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$73,500

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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