Property Type: Land / LotOwnership: Freehold

2986 Gophertail Road

Princeton, BC V0X1W0

$639,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.26 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,076.97

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Listing Information

MLS®
10369708
Listed
November 19, 2025
Time on market
On the market for 285 days
Data last synced
August 28, 2026

Listing provided by: Landquest Realty Corporation · Data source: CREA DDF.

Description

Desirable Lakefront Lot - Allison Lake, BC. West-facing lakefront lot on one of the South Okanagan's most sought-after lakes. Allison Lake sits along Highway 5A between Merritt and Princeton, just three hours from the Lower Mainland. This 0.26-acre property is in a prime spot-set back from the highway with excellent beachfront and sweeping views. The lake, considered a jewel of the Princeton area, lies 28 km north of town and is prized for boating, fishing, and swimming in its clear green-blue waters. With crown land across the lake, your view will always overlook untouched wilderness. The area offers an extensive network of logging roads and ATV trails for hiking, ATVing, and snowmobiling. Includes covered RV parking and a simple older sleeping cabin with attached carport and storage. This is one of the last undeveloped waterfront lots on the lake. It's connected to the community water system, serviced with power, and ready for your recreational vision. Lakefront lots on Allison Lake rarely come up for sale-when they do, it's wise to act quickly. (id:63159)

Location Insights

Weather

Partly Cloudy

18°C

Partly Cloudy

Humidity 51%

Wind WNW 5 km/h

Tonight

Tuesday

26°

Tuesday night

12°

Wednesday

22°

Wednesday night

10°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

2,894

(2021 Census)

+2.3% since 2016

Density: 48.8/km²

Dwellings: 1,521

Median household income: $64,500

After-tax: $60,000

Immigrant population: 8.5%

Top countries of origin (% of total population)

  • United Kingdom1.9% · 55
  • United States of America1% · 30
  • Germany0.9% · 25
  • Philippines0.9% · 25
  • Croatia0.3% · 10
  • India0.3% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Nicola-Similkameen (SD58)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.1% ($38,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$511,200.00
Periodic payment — Principal & Interest (monthly)$3,298.09
Additional monthly expenses (strata, tax, utilities, etc.)$173.08
Total monthly cost$3,471.17
Interest paid over 5-yr term$146,511.39
Balance at end of term$459,826.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$38,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,614.56

Cash Needed at Closing

Minimum down payment$38,900
Estimated BC PTT$10,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$51,180

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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