Property Type: Land / LotOwnership: Freehold

2996 Lumby Mabel Lake Road

Lumby, BC V0E2G6

$1,449,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
224.95 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,099.78

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, River view, Valley view
Waterfront
Waterfront on river

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10390746
Listed
June 18, 2026
Time on market
On the market for 74 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Discover an extraordinary opportunity to create your dream estate in the breathtaking Mabel Lake Valley, where clean mountain air, fertile land, and unmatched natural beauty provide the perfect setting for a self-sufficient lifestyle. This remarkable property offers the rare combination of privacy, productivity, and recreation, making it ideal for those looking to escape the hustle of city life and connect with the land. Comprised of 3 separate titles, the property features approximately 2,800 feet of Shuswap River frontage and roughly 50 acres of hay fields. Whether your vision is farming, raising livestock, or simply enjoying the rewards of rural living, the land offers exceptional potential. Adding further value, there is merchantable timber located across the river, providing an additional resource for future use. Situated on the high side of the road, the property boasts an exceptional building site with stunning views of the river, hay fields, and surrounding mountains. Build your dream home in complete privacy while enjoying a commanding vantage point over your land and the spectacular Mabel Lake Valley landscape. This is more than just acreage—it's an opportunity to create a legacy property where self-reliance, outdoor recreation, and natural beauty come together. With extensive river frontage, fertile agricultural land, multiple titles, and endless possibilities, this is a truly rare offering in one of British Columbia's most scenic and sought-after rural valleys. (id:63159)

Location Insights

Weather

Nearest station: Vernon

18°C

Humidity 66%

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
Cherryville ElementaryElementary21.5 km
J W Inglis ElementaryElementary21.5 km
Charles Bloom SecondaryK-1221.8 km
Crossroads Learning CentreSecondary21.9 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: Vernon (SD22)

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Mortgage & Ownership Cost Calculator

Minimum required: 8.3% ($119,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,159,200.00
Periodic payment — Principal & Interest (monthly)$7,478.77
Additional monthly expenses (strata, tax, utilities, etc.)$258.32
Total monthly cost$7,737.08
Interest paid over 5-yr term$332,230.05
Balance at end of term$1,042,704.15

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$119,900
Stress test qualifying rate8.09%
Payment you must qualify for$10,220.31

Cash Needed at Closing

Minimum down payment$119,900
Estimated BC PTT$26,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$148,380

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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