Property Type: Detached HouseOwnership: Freehold

2550 Cody Road

Magna Bay, BC V0E1M7

$925,000

5 bed4.5 bath1 parking2,112 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
7.75 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,850

Interior

Basement
Crawl space
Heating
Baseboard heaters, Electric
Fireplace
None
Flooring
Carpeted, Linoleum

Exterior & Lot

Exterior features
Vinyl siding
View
Lake view, Mountain view

Building

Roof
Metal, Unknown

Parking

Total spaces
1 — uncovered indicated
Features
Covered, Additional Parking

Room Dimensions

RoomLevelDimensions
Wine CellarMain level13'6'' x 7'0''
OtherMain level13'6'' x 7'0''
2pc Ensuite bathMain level5'6'' x 4'0''
BedroomMain level13'6'' x 10'6''
BedroomMain level8'3'' x 12'8''
4pc BathroomMain level10'6'' x 5'5''
BedroomMain level8'0'' x 13'0''
Laundry roomMain level6'0'' x 8'6''
KitchenMain level10'10'' x 13'0''
Dining roomMain level11'0'' x 10'0''
FoyerMain level6'7'' x 9'6''
Living roomMain level19'0'' x 19'3''
BedroomMain level10'6'' x 11'0''
4pc Ensuite bathMain level11'5'' x 5'4''
Primary BedroomMain level17'6'' x 11'2''
Full bathroomMain level11'6'' x 13'6''

Listing Information

MLS®
10369775
Listed
November 25, 2025
Time on market
On the market for 279 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Lakeside Realty Ltd. · Data source: CREA DDF.

Description

Stunning 7.75-Acre Homestead Retreat with Renovated Home, Private Pond & Abundant Fruit Trees Discover the perfect blend of comfort, self-sufficiency, and rural charm on this 7.75-acre property, featuring a serene private pond, expansive usable land, and a beautifully updated home. Orchard & Land Features • A thriving orchard with 6 mature plum trees, 4 mature cherry trees (two varieties), 2 mature pear trees, plus newly planted Japanese plums, fig, peach, and Japanese pear. • A mature walnut tree offering shade and seasonal harvests. • Ample acreage that can be easily cleared or used for small livestock, gardens, or hobby farming. • A dedicated fenced garden area currently used as a chicken coop. • Two wells on the property, with plentiful water—only one has ever been needed to support a large family. • A spacious 4-bay garage, perfect for vehicles, tools, equipment, or recreational toys.• A large loft above ready to be finished into a workshop, studio, or storage space. • Modern renovations throughout, including quartz countertops in the kitchen and bathrooms. • Updated bathrooms with premium bidet toilets. • A WETT-certified wood fireplace, perfect for cozy nights and added heating efficiency. • Radiant in-floor heating powered by a newly installed outdoor boiler, which also heats the hot water tank—helping to significantly lower electrical costs. • All appliances are less than 5 years old. • Hot water tank replaced ~4 years ago. • Holding tank installed ~2 years ago. High-Quality Water System Installed approximately 5 years ago, the property includes a full water treatment setup: • Salt & sand filtration • Water softener • UV purification • Reverse osmosis system This property offers the ideal setting for those seeking a peaceful rural lifestyle with modern comforts. With its generous orchard, updated home systems, large carport / loft and land well-suited for gardens or small livestock, this acreage holds incredible potential (id:63159)

Values & Trends

This listing

$438/sqft

Building average

No other active listings in this building

North Shuswap average

$486/sqft

73 active listing(s)

Parking: 1 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

Nearest station: Salmon Arm

16°C

Humidity 84%

Wind SSE 5 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
North Shuswap ElementaryElementary/Middle4.2 km
Sorrento ElementaryElementary15.5 km
Carlin Elementary MiddleElementary/Middle16.0 km
North Canoe ElementaryElementary24.8 km
Shuswap SDA(Independent)Elementary/Middle24.9 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: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 7.3% ($67,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$740,000.00
Periodic payment — Principal & Interest (monthly)$4,774.23
Additional monthly expenses (strata, tax, utilities, etc.)$343.50
Total monthly cost$5,117.73
Interest paid over 5-yr term$212,086.13
Balance at end of term$665,632.39

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$67,500
Stress test qualifying rate8.09%
Payment you must qualify for$6,593.87

Cash Needed at Closing

Minimum down payment$67,500
Estimated BC PTT$16,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$85,500

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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