Property Type: Land / LotOwnership: Freehold

1600 Mountain View Avenue

Lumby, BC V0E2G0

$1,349,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
23.98 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,541.36

Interior

Fireplace
None

Listing Information

MLS®
10387649
Listed
May 15, 2026
Time on market
On the market for 108 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

Rare and ready — this 23.984-acre bare land parcel on the edge of the Village of Lumby represents one of the most compelling development opportunities in the North Okanagan today. Zoned R7 — Residential Small-Scale Multi-Unit Housing — with city services already at the lot line. Electricity is on site, currently servicing an existing shed, and the property borders an established neighbourhood, making it a natural extension of the community rather than a leap into the unknown. The land itself is a pleasure to work with — lovely valley views set the scene for what could be a truly special residential development. Whether you're envisioning townhomes, small-scale multi-unit housing, or a thoughtfully designed new neighbourhood, this canvas is ready for your vision. Lumby is a quiet, welcoming community with a strong sense of identity and room to grow — and just 20 minutes to Vernon, residents will never feel far from the amenities of a larger centre. For developers and investors with an eye for opportunity, this is the kind of parcel that doesn't come along often. The next great Lumby neighbourhood starts here. Will it be yours? (id:63159)

Location Insights

Weather

Nearest station: Vernon

18°C

Humidity 66%

Wind ESE 16 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

2,063

(2021 Census)

+12.5% since 2016

Density: 347.9/km²

Dwellings: 861

Median household income: $77,000

After-tax: $70,500

Immigrant population: 9.2%

Top countries of origin (% of total population)

  • United Kingdom2.9% · 60
  • United States of America1.2% · 25
  • Netherlands0.5% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

1/9 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

SchoolTypeDistance
Crossroads Learning CentreSecondary1.4 km
Charles Bloom SecondaryK-121.4 km
J W Inglis ElementaryElementary1.7 km
Okanagan Waldorf School(Independent)Elementary4.4 km
Lavington ElementaryElementary9.0 km
B X ElementaryElementary18.2 km
Coldstream ElementaryElementary18.2 km
Hillview ElementaryElementary18.5 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

Parks (3)

  • Unnamed79 m
  • Monashee Family Park666 m
  • Unnamed704 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 8.1% ($109,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,079,920.00
Periodic payment — Principal & Interest (monthly)$6,967.28
Additional monthly expenses (strata, tax, utilities, etc.)$295.11
Total monthly cost$7,262.39
Interest paid over 5-yr term$309,508.18
Balance at end of term$971,391.53

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$109,990
Stress test qualifying rate8.09%
Payment you must qualify for$9,534.47

Cash Needed at Closing

Minimum down payment$109,990
Estimated BC PTT$24,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$136,488

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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