Property Type: Land / LotOwnership: Freehold

1837 Shuswap Avenue Lot# 3

Lumby, BC V0E2G0

$484,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
1.42 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
10377294
Listed
March 7, 2026
Time on market
On the market for 177 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon · Data source: CREA DDF.

Description

Lot 3 at Monashee Light Industrial Park offers 1.42 acres (approx. 1.21 acres net usable) of fully serviced I2 General Industrial land within Lumby’s established industrial corridor. This efficiently sized parcel is well suited for small-to-mid scale industrial users seeking functional yard space combined with manageable development footprint requirements. Subdivision approval is complete, with servicing and internal road construction underway. Municipal water and sewer will be provided to the lot, along with full underground utilities. The level topography supports cost-effective construction, efficient site planning, and practical truck access. Zoned I2 – General Industrial, permitting a broad range of industrial and service commercial uses including warehousing, fabrication, contractor operations, light manufacturing, and equipment storage. Located minutes from Highway 6, providing direct regional connectivity to Vernon (approx. 25 minutes), Kelowna, and key Okanagan supply routes. As serviced industrial land becomes increasingly limited in larger centres, Lumby offers a strategic and cost-effective alternative with strong regional positioning. Construction is progressing well, with significant site preparation complete and paving now well underway as the development continues to take shape. (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

44

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

SchoolTypeDistance
Crossroads Learning CentreSecondary435 m
Charles Bloom SecondaryK-12584 m
J W Inglis ElementaryElementary1.1 km
Okanagan Waldorf School(Independent)Elementary5.7 km
Lavington ElementaryElementary10.3 km
B X ElementaryElementary19.3 km
Coldstream ElementaryElementary19.5 km
Hillview ElementaryElementary19.8 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 (5+)

  • Sisters Family Restaurant355 m
  • Millie's Kitchen411 m
  • Ana's Pizza449 m
  • Yuki Sushi465 m
  • Avenue Pizza468 m

Cafes (2)

  • Tim Hortons347 m
  • Jitter Beans Coffee Shop391 m

Grocery (1)

  • Super A Foods444 m

Parks (4)

  • Unnamed430 m
  • Unnamed461 m
  • Monashee Family Park671 m
  • Oval Park759 m

Shopping (1)

  • Field's Mini Mart380 m

Banks & ATMs (1)

  • Scotiabank434 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($24,200) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$387,200.00
Periodic payment — Principal & Interest (monthly)$2,498.08
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$2,498.08
Interest paid over 5-yr term$110,972.63
Balance at end of term$348,287.65

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$24,200
Stress test qualifying rate8.09%
Payment you must qualify for$3,535.70

Cash Needed at Closing

Minimum down payment$24,200
Estimated BC PTT$7,680
Legal / closing costs (typical estimate)$1,500
Total cash needed$33,380

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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