1502 Coldwater Avenue
Merritt, BC V1K1B2
$499,900
Property Details
Property & Lot
- Sub-type
- House
- Style
- Ranch
- Stories
- 1
- Lot size
- 0.13 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,692
Interior
- Heating
- Forced air, See remarks
- Cooling / A/C
- Central air conditioning
- Fireplace
- None
Exterior & Lot
- Exterior features
- Concrete Block
Building
- Roof
- Other, Unknown
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Parcel ID (PID)
- 011-720-298
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 9' x 8'2'' |
| Bedroom | Main level | 9'2'' x 9'8'' |
| Full bathroom | Main level | — |
| Partial bathroom | Main level | — |
| Primary Bedroom | Main level | 12'6'' x 10' |
| Kitchen | Main level | 10' x 11' |
| Living room | Main level | 13' x 17'6'' |
Listing Information
- MLS®
- 10392099
- Listed
- June 19, 2026
- Time on market
- On the market for 73 days
- Data last synced
- August 30, 2026
Listing provided by: Canada Flex Realty Group · Data source: CREA DDF.
Description
Bring your vision to life at this former corner store in the heart of Merritt, where commercial opportunity and residential flexibility come together on a high-exposure corner lot. Previously operating as a neighborhood convenience store with a residence in the rear, this mixed-use property offers endless potential for entrepreneurs, investors, or anyone looking to create a unique live/work space. Located near Merritt Secondary School and surrounded by established residential neighbourhoods, this property benefits from excellent visibility and a location that has long served the local community. The building has been stripped back to the subfloor and is awaiting new drywall, providing a blank canvas for the next owner to design and finish according to their needs and vision. Significant updates have already been completed, including two separate electrical panels and meters, two newer furnaces, two newer hot water tanks, and a newer roof & A/C. Whether you're dreaming of opening a business, creating rental income, developing a live/work concept, or restoring this property to become a community staple once again, the foundation is here to make it happen. Opportunities like this don't come along often. Bring your ideas, roll up your sleeves, and unlock the potential of this unique mixed-use property in one of Merritt's most accessible locations. (id:63159)
Values & Trends
This listing
$205/sqft
Building average
—
No other active listings in this building
Merritt average
$361/sqft
91 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
12°C
—
Humidity 76%
Wind NE 6 km/h
Tonight
8°
Tuesday
25°
Tuesday night
12°
Wednesday
21°
Wednesday night
9°
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
30
6/9 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
| School | Type | Distance |
|---|---|---|
| Merritt Secondary | Elementary | 448 m |
| Merritt Central Elementary | Elementary | 745 m |
| Collettville Elementary | Elementary | 941 m |
| Kengard Alternate School | Secondary | 1.5 km |
| Merritt Bench Elementary | Elementary | 1.9 km |
| Diamond Vale Elementary | Elementary | 1.9 km |
| Nicola Canford Elementary | Elementary | 2.4 km |
| Lower Nicola Band School(Independent) | Elementary | 5.7 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
Restaurants (1)
- Superior Pizza · 2052 Quilchena Avenue790 m
Cafes (2)
- Coldwater Cafe · 1901 Voght Street716 m
- Kekuli Cafe Indigenous Cuisine · 2051 Voght Street743 m
Parks (4)
- Voght Park · 1500 Canford Avenue188 m
- Fairley Park · 1788 Quilchena Avenue322 m
- Centennial Park · 1350 Government Avenue449 m
- Spirit Square · 2026-2058 Granite Avenue766 m
Gyms (1)
- Planet Fitness582 m
Pharmacies (1)
- Black's Pharmacy · 2037 Quilchena Avenue786 m
Banks & ATMs (2)
- Interior Savings Credit Union · 1959 Voght Street713 m
- CIBC · 2002 Quilchena Avenue741 m
Nearby places data: © OpenStreetMap contributors.
School district: Nicola-Similkameen (SD58)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.