Property Type: Land / LotOwnership: Freehold

2541 Cedar Ridge Court

Lumby, BC V0E2G0

$169,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.31 acres
Frontage
66 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$525

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view, View (panoramic)

Listing Information

MLS®
10374503
Listed
February 3, 2026
Time on market
On the market for 209 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon · Data source: CREA DDF.

Description

A great opportunity to build a home of your dreams on this great lot with fantastic views of the mountains & the Valley. This lot is perfect for alevel entry house with a walkout basement. Located close to Mabel Lake Provincial Park, this property offers also great proximity to schools andshopping is just a short walk away. Alexander Fink PREC*- RE/MAX Vernon makes no warranty or representations, expressed or implied, withregards to the correctness, accuracy, and/or reliability of the data supplied. Information that is important to the Buyer should be verified by theBuyer. MLS and website data are for general information only. (id:63159)

Location Insights

Weather

Nearest station: Vernon

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

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.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

11

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
J W Inglis ElementaryElementary479 m
Charles Bloom SecondaryK-12946 m
Crossroads Learning CentreSecondary1.1 km
Okanagan Waldorf School(Independent)Elementary5.9 km
Lavington ElementaryElementary9.8 km
B X ElementaryElementary18.2 km
Coldstream ElementaryElementary18.9 km
Hillview ElementaryElementary18.9 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.

Nearby Places

Parks (1)

  • Unnamed196 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$135,920.00
Periodic payment — Principal & Interest (monthly)$876.91
Additional monthly expenses (strata, tax, utilities, etc.)$43.75
Total monthly cost$920.66
Interest paid over 5-yr term$38,955.06
Balance at end of term$122,260.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,495
Stress test qualifying rate8.09%
Payment you must qualify for$1,241.15

Cash Needed at Closing

Minimum down payment$8,495
Estimated BC PTT$1,699
Legal / closing costs (typical estimate)$1,500
Total cash needed$11,694

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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