Property Type: Land / LotOwnership: Freehold

256 Dorothy Road Lot# 1

Lumby, BC V0E2G5

$399,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
2.72 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view, View (panoramic)

Listing Information

MLS®
10360445
Listed
August 25, 2025
Time on market
On the market for 371 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (Kelowna) · Data source: CREA DDF.

Description

Imagine waking up in your brand new home, designed to suit your lifestyle and stepping out into your private acreage just minutes from the friendly village of Lumby. Take in the fresh air and blue skies, surrounded by your evergreen trees, and beautiful mountain views. This brand-new development is the one you've been waiting for! Paved roads, wells in place and phone, electricity, and high speed internet services at the lot line. It's ready for you to build your dream home. This new development offers 7 private, treed lots on the north and south sides of Dorothy Road, is zoned small holdings and while developer restrictions apply, the building restrictions allows for an in-law suite in a single family home. It's rare to find such large, beautiful properties so close to town. Your family will enjoy the lifestyle of being surrounded by similar properties, quiet streets, and starry nights. Be one of the first to own and build in this last phase of new development area. Hurry to get your choice of these lots which very unique in this area and are sure to be in high demand! GST is applicable on all new lot sales and will be paid by the buyers. (id:63159)

Location Insights

Weather

Nearest station: Vernon

16°C

Humidity 68%

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.

Nearby Schools

SchoolTypeDistance
J W Inglis ElementaryElementary1.8 km
Charles Bloom SecondaryK-122.3 km
Crossroads Learning CentreSecondary2.5 km
Okanagan Waldorf School(Independent)Elementary6.9 km
Lavington ElementaryElementary10.2 km
B X ElementaryElementary17.8 km
Hillview ElementaryElementary18.8 km
Coldstream ElementaryElementary19.1 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$2,059.37
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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