2488 SPRING BANK Avenue
Merritt, BC V1K1S1
$159,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.7 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $931
Interior
- Fireplace
- None
Exterior & Lot
- View
- View (panoramic)
Listing Information
- MLS®
- 10356862
- Listed
- July 21, 2025
- Time on market
- On the market for 406 days
- Data last synced
- August 28, 2026
Listing provided by: REMAX Legacy · Data source: CREA DDF.
Description
Incredible oversized .70 of an acre lot. Don't miss out on building your dream home in one of the best neighborhoods in The Nicola Valley! This lot offers great building potential, close to shopping amenities and is overlooking the Nicola River giving you endless mountain/river views. All services to be connected at the lot line by the Buyer. Lot is not located in the City of Merritt Flood Plain. Call today for more information. Measurements are approximate. (id:63159)
Location Insights
Weather
12°C
—
Humidity 76%
Wind NE 6 km/h
Tonight
8°
Tuesday
25°
Tuesday night
12°
Wednesday
21°
Wednesday night
9°
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.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
30
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
| School | Type | Distance |
|---|---|---|
| Merritt Bench Elementary | Elementary | 648 m |
| Kengard Alternate School | Secondary | 1.1 km |
| Diamond Vale Elementary | Elementary | 1.8 km |
| Nicola Canford Elementary | Elementary | 1.9 km |
| Merritt Central Elementary | Elementary | 2.1 km |
| Merritt Secondary | Elementary | 2.2 km |
| Collettville Elementary | Elementary | 3.1 km |
| Lower Nicola Band School(Independent) | Elementary | 7.3 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)
- Home Restaurant481 m
Cafes (2)
- Tim Hortons · River Ranch Road547 m
- Starbucks705 m
Grocery (1)
- No Frills444 m
Parks (1)
- Bench Park · 2175 Gillis Crescent727 m
Shopping (1)
- Canadian Tire666 m
Banks & ATMs (1)
- Unnamed759 m
Nearby places data: © OpenStreetMap contributors.
School district: Nicola-Similkameen (SD58)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($7,950) — 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.