Property Type: Detached HouseOwnership: Freehold

2224 Merritt Spences Bridge Hwy

Merritt, BC V0K1Y0

$995,000

2 bed2 bath10 parking1,210 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
1.06 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,132.51

Interior

Heating
Electric
Fireplace
Yes (1)
Fireplace type
Wood, Conventional
Flooring
Mixed Flooring

Exterior & Lot

Exterior features
Wood
View
Mountain view, River view, Ravine view
Waterfront
Waterfront on river

Building

Roof
Tar & gravel, Unknown

Parking

Total spaces
10 — uncovered indicated
Features
Covered, Additional Parking

Room Dimensions

RoomLevelDimensions
Full ensuite bathroomMain level7'0'' x 8'0''
Full bathroomMain level6'4'' x 11'3''
BedroomMain level10'8'' x 14'0''
Primary BedroomMain level10'8'' x 14'0''
KitchenMain level11'0'' x 6'10''
Dining roomMain level18'6'' x 11'0''
Living roomMain level11'9'' x 23'0''

Listing Information

MLS®
10354666
Listed
July 4, 2025
Time on market
On the market for 423 days
Data last synced
August 28, 2026

Listing provided by: PG Direct Realty · Data source: CREA DDF.

Description

Visit REALTOR website for additional information. Riverfront Hobby Farm Oasis with Incredible Views & Airbnb Potential. A rare find in the sought-after Sunshine Valley, known for its special microclimate and natural beauty. Just minutes west of Merritt This bright and open 2-bed, 2-bath main home features skylights and two expansive decks: one over the carport and another overlooking the river valley. A fully self-contained 1-bed, 1-bath guesthouse with private entrance, washer/dryer, and kitchenette makes an ideal Airbnb or in-law suite. A sunny spa building adds flexible space for guests, hobbies, or studio use. Outdoors, enjoy a gazebo, picnic areas, and beautiful landscaping. The land is irrigated with river water rights and supports 40+ newly planted fruit trees apples, plums, peaches, nectarine, and chicken coop. Garages, workshops, and equipment (id:63159)

Values & Trends

This listing

$822/sqft

Building average

No other active listings in this building

Merritt average

$355/sqft

91 active listing(s)

Parking: 10 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.

Nearby Schools

SchoolTypeDistance
Lower Nicola Band School(Independent)Elementary7.5 km
Collettville ElementaryElementary12.3 km
Merritt SecondaryElementary12.9 km
Merritt Central ElementaryElementary13.2 km
Merritt Bench ElementaryElementary13.9 km
Kengard Alternate SchoolSecondary14.0 km
Diamond Vale ElementaryElementary14.4 km
Nicola Canford ElementaryElementary14.9 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: Nicola-Similkameen (SD58)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$796,000.00
Periodic payment — Principal & Interest (monthly)$5,135.52
Additional monthly expenses (strata, tax, utilities, etc.)$238.71
Total monthly cost$5,374.23
Interest paid over 5-yr term$228,135.89
Balance at end of term$716,004.57

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,500
Stress test qualifying rate8.09%
Payment you must qualify for$7,078.32

Cash Needed at Closing

Minimum down payment$74,500
Estimated BC PTT$17,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$93,900

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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