Property Type: Land / LotOwnership: Freehold

2711 Workman Place

Naramata, BC V0H1N1

$339,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.57 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,122

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view, Unknown

Listing Information

MLS®
10303786
Listed
February 5, 2024
Time on market
On the market for 938 days
Data last synced
August 28, 2026

Listing provided by: Multiple Realty Ltd. · Data source: CREA DDF.

Description

One of the best building lots on the Naramata Bench. At the very top of Arawana Rd you will find Workman Place and Kettle Ridge Estates. This lot is huge .. 565 acres - 24,829 sq ft and best of all very STABLE and EASY TO BUILD on with Geotech DONE. Perfect for a rancher or 2 story with walk out basement and LEVEL and FULLY USABLE FRONT AND REAR YARDS. Fully serviced, and with a fire hydrant across the street you have total peace of mind here. There is a STUNNING 180 degree VIEW of Okanagan Lake and with the KVR trail abutting the rear of the property your view is protected forever. The lot offers so much in the way of design options. And your neighbors are already built so there will be no surprises for you down the road. Tons of room for all your toys. Huge detached triple garage is approved. Loads of extra parking. The large LEVEL rear yard! Provides ample space for your pool. Naramata translates into ""Eagle's House"" and you can understand why when you visit this property. (id:63159)

Location Insights

Weather

Nearest station: Summerland

17°C

Humidity 56%

Wind SW 4 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Naramata ElementaryElementary2.4 km
Trout Creek ElementaryElementary3.9 km
Unisus Senior School(Independent)Secondary7.5 km
Unisus Junior School(Independent)Elementary7.5 km
Summerland SecondaryK-128.2 km
Summerland Montessori School(Independent)Elementary8.3 km
Uplands ElementaryElementary8.7 km
Queens Park ElementaryElementary9.6 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-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($16,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$271,200.00
Periodic payment — Principal & Interest (monthly)$1,749.69
Additional monthly expenses (strata, tax, utilities, etc.)$176.83
Total monthly cost$1,926.52
Interest paid over 5-yr term$77,726.70
Balance at end of term$243,945.28

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$16,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,476.45

Cash Needed at Closing

Minimum down payment$16,950
Estimated BC PTT$4,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,230

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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