Property Type: TownhouseOwnership: Freehold

1627 Phillips Street

Merritt, BC V1K0B8

$474,900

3 bed3.5 bath1 parking2,150 sqftBuilt 2026
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Stories
2

Ownership & Fees

Property type
Townhouse
Ownership
Freehold
Annual property tax
$1,871

Interior

Basement
Crawl space
Heating
Heat Pump, Forced air, See remarks
Cooling / A/C
Heat Pump
Fireplace
None

Exterior & Lot

Exterior features
Other

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — covered indicated
Features
Attached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
4pc BathroomSecond level
5pc Ensuite bathSecond level
BedroomSecond level15'2'' x 10'8''
BedroomSecond level10'8'' x 16'
Primary BedroomSecond level17' x 14'3''
2pc BathroomMain level
Laundry roomMain level11' x 7'11''
Dining roomMain level13'6'' x 11'3''
KitchenMain level13'6'' x 8'6''
Living roomMain level21'6'' x 19'9''

Listing Information

MLS®
10392212
Listed
June 24, 2026
Time on market
On the market for 68 days
Data last synced
August 28, 2026

Listing provided by: REMAX Legacy · Data source: CREA DDF.

Description

Be the first to own this stunning new construction middle unit in a beautiful triplex development, scheduled for completion in November 2026. INTERIOR PHOTOS: from an almost identical unit. Offering approximately 2,150 sq. ft. of thoughtfully designed living space with 1,103 sq. ft. on the main level and 1,047 sq. ft. on the lower level, this spacious 3-bedroom, 2.5-bathroom home will feature quality craftsmanship, modern finishes, and an open-concept layout designed for comfortable family living. Large windows will fill the home with natural light, while the functional floor plan offers plenty of space for everyday living and entertaining. Enjoy all the benefits of brand-new construction, including modern building standards, energy efficiency, and the peace of mind that comes with owning a never-lived-in home, with NO STRATA FEES. GST is applicable; however, eligible purchasers may qualify for available first-time home buyer GST rebates. For added confidence, this home will be backed by a comprehensive 10-year new home warranty. (id:63159)

Values & Trends

This listing

$221/sqft

Building average

No other active listings in this building

Merritt average

$221/sqft

6 active listing(s)

Parking: 1 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

12°C

Humidity 76%

Wind NE 6 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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

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
Nicola Canford ElementaryElementary420 m
Diamond Vale ElementaryElementary628 m
Kengard Alternate SchoolSecondary1.2 km
Merritt Central ElementaryElementary1.8 km
Merritt Bench ElementaryElementary2.0 km
Merritt SecondaryElementary2.1 km
Collettville ElementaryElementary2.9 km
Lower Nicola Band School(Independent)Elementary8.1 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)

  • Chloe's Diner · 2701 Nicola Avenue569 m

Nearby places data: © OpenStreetMap contributors.

School district: Nicola-Similkameen (SD58)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$379,920.00
Periodic payment — Principal & Interest (monthly)$2,451.11
Additional monthly expenses (strata, tax, utilities, etc.)$263.92
Total monthly cost$2,715.03
Interest paid over 5-yr term$108,886.16
Balance at end of term$341,739.27

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,745
Stress test qualifying rate8.09%
Payment you must qualify for$3,469.22

Cash Needed at Closing

Minimum down payment$23,745
Estimated BC PTT$7,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,743

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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