Property Type: Land / LotOwnership: Freehold

2955 OUTLOOK Way

Naramata, BC V0H1N1

$329,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.24 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$53/mo
Annual property tax
$1,482.7

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view

Listing Information

MLS®
10355441
Listed
July 15, 2025
Time on market
On the market for 412 days
Data last synced
August 28, 2026

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

Description

If you're looking to build your dream home check out this amazing lot with stunning 180 degree views of Okanagan Lake and the Naramata Bench vineyards. The lot is 10527 sqft and has a large flat area perfect for building a rancher style home and pool. Existing plans are done for a 2400 sqft C-shape home with a pool extending form the courtyard, in addition the geotechnical report has been completed. This truly amazing spot is level right off of the road, so there is no need for a steep driveway and lets you landscape around your build. The subdivision is serviced by a private sewer system so you don't need to construct a septic system on site. The lot can handle many different house plans and you can bring your own builder which is a huge bonus if you have one in mind already. Enjoy living close to walking and hiking and biking trails on the KVR and beyond, plus close to wineries and breweries and just a short drive to beaches and the Village amenities. This is Bareland Strata. (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 ElementaryElementary2.2 km
Trout Creek ElementaryElementary4.3 km
Unisus Senior School(Independent)Secondary7.8 km
Unisus Junior School(Independent)Elementary7.8 km
Summerland SecondaryK-128.2 km
Summerland Montessori School(Independent)Elementary8.4 km
Uplands ElementaryElementary9.2 km
Queens Park ElementaryElementary10.1 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: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($16,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$263,200.00
Periodic payment — Principal & Interest (monthly)$1,698.08
Additional monthly expenses (strata, tax, utilities, etc.)$176.64
Total monthly cost$1,874.72
Interest paid over 5-yr term$75,433.88
Balance at end of term$236,749.25

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$16,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,403.40

Cash Needed at Closing

Minimum down payment$16,450
Estimated BC PTT$4,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$22,530

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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