206 Sarsons Road
Vernon, BC V1B2M4
$1,500,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 1.51 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $921.27
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10389155
- Listed
- June 2, 2026
- Time on market
- On the market for 90 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.
Description
Opportunity awaits with this rare 1.51-acre bare land offering, perfectly positioned to capture stunning valley views while remaining just minutes from local amenities, shopping, schools, and recreation. Zoned R1, this property presents incredible potential for future multi-unit residential development, making it an exceptional investment for builders, developers or visionary buyers looking to create something truly special. Whether you envision a thoughtfully planned residential project, a private estate, or a longer-term holding property, the possibilities here are endless. With its desirable location, generous size, and breathtaking outlook, this is a property that offers both immediate appeal and outstanding future potential. Properties with this combination of land size, views, zoning, and convenience are becoming increasingly hard to find- don't miss your chance to secure this remarkable piece of land. A recent Survey and Appraisal are available upon request. (id:63159)
Location Insights
Weather
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
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.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Alternative Learning Program | Secondary | 908 m |
| Hillview Elementary | Elementary | 1.1 km |
| Vernon Secondary | Elementary | 1.5 km |
| Silver Star Elementary | Elementary | 2.5 km |
| St James(Independent) | Elementary | 2.6 km |
| Kalamalka Secondary | Elementary | 2.6 km |
| Coldstream Elementary | Elementary | 2.6 km |
| Kidston Elementary | Elementary | 2.7 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.
School district: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($300,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.