Property Type: Land / LotOwnership: Freehold

201 Diamond Way

Vernon, BC V1H0A2

$449,900

Get Directions

Property Details

Property & Lot

Sub-type
Other
Lot size
0.19 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,150.88

Interior

Fireplace
None

Listing Information

MLS®
10340094
Listed
March 26, 2025
Time on market
On the market for 523 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

One of the last remaining .195 acre lots in the beautiful community of Commonage with easy access to the extensive pathway system and yoga platform just out your front door, some of the best reasons to live at Predator Ridge and the lifestyle it provides. If you're looking for a true lifestyle community in Canada, you won't find another community richer in amenities. This lot features a unique corner pie-shaped lot, perfect for building a walkout rancher style home. Commonage is not a strata community, however it offers weekly landscaping and amenities that covers landscaping maintenance, road snow removal and recreation. Predator Ridge offers 36 holes of world class golf, walking/hiking/biking trails, tennis/pickleball and minutes from spectacular lakes, wineries and the Kelowna International Airport. Choose from one of the exclusive builders to build your dream home and live the ""Resort Lifestyle"" at Predator Ridge to enjoy all the amenities it has to offer. (id:63159)

Location Insights

Weather

16°C

Humidity 69%

Wind ESE 14 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

44,519

(2021 Census)

+11% since 2016

Density: 461.7/km²

Dwellings: 21,287

Median household income: $73,500

After-tax: $66,500

Immigrant population: 12.4%

Top countries of origin (% of total population)

  • United Kingdom2.3% · 1,030
  • Germany1.2% · 550
  • United States of America1% · 450
  • India0.8% · 355
  • Philippines0.7% · 315
  • Netherlands0.6% · 270
  • Poland0.3% · 150
  • South Africa, Republic of0.3% · 125

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
Okanagan Landing ElementaryElementary6.7 km
Oyama Traditional SchoolElementary8.3 km
Ellison ElementaryElementary9.0 km
Clarence Fulton SecondaryElementary9.0 km
Kidston ElementaryElementary9.9 km
Kalamalka SecondaryElementary10.5 km
Mission Hill ElementaryElementary10.6 km
Coldstream ElementaryElementary11.6 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.

Nearby Places

Restaurants (1)

  • Pallino's Italian Bistro739 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (strata, tax, utilities, etc.)$179.24
Total monthly cost$2,501.32
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,286.59

Cash Needed at Closing

Minimum down payment$22,495
Estimated BC PTT$6,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,993

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.

Request more information