Property Type: Detached HouseOwnership: FreeholdNEW LISTING

1511 Covert Place

Merritt, BC V1K1B8

$699,000

3 bed2 bath2 parking1,475 sqftBuilt 2019
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Property Details

Property & Lot

Sub-type
House
Stories
1.5
Lot size
9.9 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$42/mo
Annual property tax
$1,575.09

Maintenance Fee Includes

Also included: Other, See Remarks

Interior

Heating
Baseboard heaters, Electric
Cooling / A/C
See Remarks
Fireplace
Yes (1)
Fireplace type
Wood, Conventional
Flooring
Mixed Flooring
Appliances
Refrigerator, Range - Electric, Dishwasher, Microwave, Washer/Dryer Stack-Up

Exterior & Lot

Exterior features
Other
View
Mountain view, Valley view
Lot features
Private setting
Fencing
Cross fenced, Page Wire, Rail

Building

Roof
Metal, Unknown
Water source
Well
Sewer
Septic tank
Parcel ID (PID)
028-808-029

Parking

Total spaces
2 — covered indicated
Features
Attached Garage

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
Games roomMain level13'0'' x 12'2''
BedroomSecond level9'8'' x 9'8''
BedroomSecond level13'4'' x 10'8''
Full bathroomSecond level5'8'' x 10'8''
Full bathroomMain level6'10'' x 10'9''
Living roomMain level15'10'' x 12'10''
Dining roomMain level15'10'' x 9'5''
KitchenMain level10'9'' x 13'8''
Primary BedroomMain level12'3'' x 10'9''
Laundry roomMain level12'3'' x 8'7''

Listing Information

MLS®
10399929
Listed
September 4, 2026
Time on market
Listed today
Data last synced
September 5, 2026

Listing provided by: Royal LePage Merritt R.E. Serv · Data source: CREA DDF.

Description

Nestled within the exclusive gated community of Coldwater Ranch Estates, this pristine 9.9-acre property perfectly combines privacy, convenience & true country living. The property features a mix of treed hillside & some usable pasture with select areas fenced for livestock using rail & page wire. A 3 stall barn is thoughtfully connected to a powered sea can, providing extra storage space. This rare opportunity offers buyers a lifestyle change without sacrificing accessibility. Enjoy direct access to Crown land & a private community lake, making outdoor recreation effortless, whether it’s horseback riding, hiking, or simply embracing the peace & quiet of nature. The custom-built home is warm, inviting, and highly functional, with two levels of living space above a double garage. The main floor features soaring ceilings & abundant natural light, creating an airy, spacious country feel. It includes one bedroom, a full bathroom & a bright kitchen that flows into the living & dining areas. Step outside to your private deck to take in sweeping views of the property & surrounding mountains, perfect for morning coffee or evening sunsets. Upstairs, a comfortable sitting area, two additional bedrooms & another full bathroom make it ideal for family or guests. Whether you’re seeking a peaceful retreat or a full-time residence, this property delivers tranquility, functionality & mountain charm. Call the listing agent for more info. By appointment only. (id:63159)

Values & Trends

This listing

$474/sqft

Building average

No other active listings in this building

Merritt average

$375/sqft

94 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

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

13°C

Humidity 73%

Wind NE calm km/h

Tonight

Saturday

20°

Saturday night

Sunday

22°

Sunday night

Monday

19°

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 ElementaryElementary18.8 km
Merritt SecondaryElementary19.6 km
Merritt Central ElementaryElementary19.7 km
Lower Nicola Band School(Independent)Elementary19.9 km
Diamond Vale ElementaryElementary20.3 km
Nicola Canford ElementaryElementary20.4 km
Kengard Alternate SchoolSecondary20.7 km
Merritt Bench ElementaryElementary21.6 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,200.00
Periodic payment — Principal & Interest (monthly)$3,607.77
Additional monthly expenses (strata, tax, utilities, etc.)$246.93
Total monthly cost$3,854.70
Interest paid over 5-yr term$160,268.33
Balance at end of term$503,002.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,029.80

Cash Needed at Closing

Minimum down payment$44,900
Estimated BC PTT$11,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,380

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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