Property Type: Land / LotOwnership: Freehold

300 Silversage Bluff Lane Lot# 13

Vernon, BC V1H2J7

$449,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.27 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$166/mo
Annual property tax
$2,944.19

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view, View (panoramic)

Restrictions & Policies

Pets
Allowed, Restrictions apply
Rentals
Allowed

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

Listing Information

MLS®
10326760
Listed
November 5, 2024
Time on market
On the market for 664 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Horizon Realty · Data source: CREA DDF.

Description

The Rise in Vernon is a premier neighbourhood offering a blend of luxury, natural beauty, and modern amenities. The Rise is a gated community, renowned for its breathtaking views of Okanagan Lake and the surrounding valley. Every home is designed to maximize these vistas, providing a serene and picturesque living environment. Nestled in the hills, The Rise offers a unique blend of natural landscapes, including lush greenery, rolling hills, and proximity to the lake, making it a haven for nature lovers. This community is also home to the only Fred Couples Signature Golf Course in Western Canada. The course is known for its challenging layout and stunning views, making it a major attraction for golf enthusiasts. Residents have access to numerous trails that wind through the beautiful landscape, perfect for hiking, biking, and enjoying the outdoors. Homes at The Rise are built with premium materials and finishes. The community is designed for low maintenance living, and there is ample visitor parking available. It's conveniently located close to Vernon, providing easy access to shopping, dining, and other urban amenities. This area is also known for its wineries, offering residents the chance to explore local vineyards. As a corner lot, this specific property offers additional space, where you can build a custom home that takes full advantage of its unique position and the stunning view. Two dogs and two cats allowed! Contact your agent and have a look today. (id:63159)

Location Insights

Weather

16°C

Humidity 69%

Wind ESE 14 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

44,519

(2021 Census)

+11% since 2016

Density: 461.7/km²

Dwellings: 21,287

Median household income: $73,500

After-tax: $66,500

Immigrant population: 12.4%

Top countries of origin (% of total population)

  • United Kingdom2.3% · 1,030
  • Germany1.2% · 550
  • United States of America1% · 450
  • India0.8% · 355
  • Philippines0.7% · 315
  • Netherlands0.6% · 270
  • Poland0.3% · 150
  • South Africa, Republic of0.3% · 125

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Okanagan Landing ElementaryElementary2.2 km
Ellison ElementaryElementary2.7 km
Clarence Fulton SecondaryElementary3.1 km
Mission Hill ElementaryElementary4.9 km
Alexis Park ElementaryElementary5.5 km
St James(Independent)Elementary6.0 km
Ecole Beairsto ElementaryElementary6.1 km
W.L. Seaton SecondarySecondary6.2 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% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (strata, tax, utilities, etc.)$411.35
Total monthly cost$2,733.43
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,286.59

Cash Needed at Closing

Minimum down payment$22,495
Estimated BC PTT$6,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,993

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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