Property Type: OtherOwnership: Freehold

2511 Mabel lake Road

Lumby, BC V0E2G6

$450,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
12 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$35.3

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view

Building

Water source
See Remarks
Sewer
No sewage system
Utilities
Electricity
Parcel ID (PID)
013-627-996

Listing Information

MLS®
10399499
Listed
September 4, 2026
Time on market
On the market for 8 days
Data last synced
September 8, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

12 acres of open hay/pasture land, no buildings. Clean slate ready for your new home. Great location with fertile soil and good sun exposure. Hydro service available along property boundary/road. Located 20 minutes from Lumby 15 to Mabel Lake Provincial Park. Great area for outdoor recreation. If you wish to have more land adjoining 3 parcels available for sale as well. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Lumby Valley average

$1,355/sqft

6 active listing(s)

Parking: Not indicatedStorage 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

Nearest station: Vernon

20°C

Humidity 34%

Wind W 5 km/h

Tonight

Sunday

22°

Sunday night

Monday

23°

Monday night

11°

Tuesday

20°

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.

Nearby Schools

SchoolTypeDistance
J W Inglis ElementaryElementary17.5 km
Charles Bloom SecondaryK-1217.7 km
Crossroads Learning CentreSecondary17.8 km
Cherryville ElementaryElementary17.9 km
Okanagan Waldorf School(Independent)Elementary23.5 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: 5.0% ($22,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$360,000.00
Periodic payment — Principal & Interest (monthly)$2,322.60
Additional monthly expenses (strata, tax, utilities, etc.)$2.94
Total monthly cost$2,325.54
Interest paid over 5-yr term$103,177.03
Balance at end of term$323,821.16

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,500
Stress test qualifying rate8.09%
Payment you must qualify for$3,287.33

Cash Needed at Closing

Minimum down payment$22,500
Estimated BC PTT$7,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$31,000

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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