Property Type: Land / LotOwnership: Freehold

1837 Shuswap Avenue Unit# Lot 2/3/4/5/6

Lumby, BC V0E2G0

$3,508,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
10.1 acres

Ownership & Fees

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

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view, View (panoramic)

Listing Information

MLS®
10377291
Listed
March 5, 2026
Time on market
On the market for 179 days
Data last synced
August 28, 2026

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

Description

Monashee Industrial Park presents a rare opportunity to secure fully serviced I2 General Industrial land within Lumby’s established industrial corridor. These lots are designed for modern industrial development, owner-users, and long-term investors seeking scalable industrial land in the North Okanagan. Lots range from approximately .99 - 2.72 net useable acres due to riparian set backs, with optimized net usable areas to support efficient building footprints, yard space, and operational flexibility. Level topography and accessible configuration allow for straightforward construction and efficient truck circulation. Zoned I2 – General Industrial, permitting a broad range of industrial and commercial uses including manufacturing, warehousing, fabrication, contractor services, distribution, and related industrial operations. Strategically located minutes from Highway 6. Lots can be purchased separately. Individual Lot prices as follows: Lot 2 - 2.88 (2.51 net useable) $1,004,000 | Lot 3 - 1.42 (1.21 net useable) $484,000 | Lot 4 - 1.19 (.99 net useable) $396,000 | Lot 5 - 1.84 (1.34 net useable) $536,000 | Lot 6 - 2.77 (2.72 net useable) $1,088,000 | Municipal water & sewer will be provided to each lot, along with full underground services and new road infrastructure. Construction is progressing extremely well, with significant site preparation complete and paving well underway as the development continues to take shape. Please see the newest photos for paving updates! (id:63159)

Location Insights

Weather

Nearest station: Vernon

16°C

Humidity 68%

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 CentreSecondary416 m
Charles Bloom SecondaryK-12565 m
J W Inglis ElementaryElementary1.1 km
Okanagan Waldorf School(Independent)Elementary5.7 km
Lavington ElementaryElementary10.4 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 Restaurant343 m
  • Millie's Kitchen388 m
  • Ana's Pizza424 m
  • Yuki Sushi445 m
  • Avenue Pizza459 m

Cafes (2)

  • Tim Hortons321 m
  • Jitter Beans Coffee Shop383 m

Grocery (1)

  • Super A Foods448 m

Parks (4)

  • Unnamed402 m
  • Unnamed447 m
  • Monashee Family Park696 m
  • Oval Park734 m

Shopping (1)

  • Field's Mini Mart371 m

Banks & ATMs (1)

  • Scotiabank427 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($701,600) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,806,400.00
Periodic payment — Principal & Interest (monthly)$18,105.94
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$18,105.94
Interest paid over 5-yr term$804,322.31
Balance at end of term$2,524,365.88

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$701,600
Stress test qualifying rate8.09%
Payment you must qualify for$21,580.23

Cash Needed at Closing

Minimum down payment$701,600
Estimated BC PTT$93,400
Legal / closing costs (typical estimate)$1,500
Total cash needed$796,500

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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