Property Type: Detached HouseOwnership: Freehold

342 Schmidt Road

Clearwater, BC V0E1N2

$985,000

3 bed2 bath1 parking2,064 sqftBuilt 1995
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
16.07 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,674

Interior

Basement
Crawl space
Heating
Heat Pump, Forced air, Electric, Other
Cooling / A/C
Heat Pump
Fireplace
None

Exterior & Lot

Exterior features
Other

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
1 — covered indicated
Features
Detached Garage, Covered, RV, Oversize, See Remarks, Additional Parking

Room Dimensions

RoomLevelDimensions
FoyerMain level11'6'' x 11'6''
3pc BathroomMain level6' x 8'
Laundry roomMain level8'8'' x 11'3''
Recreation roomMain level13'3'' x 23'
BedroomMain level11'6'' x 11'3''
BedroomMain level11'6'' x 15'
5pc BathroomMain level8'6'' x 12'6''
Primary BedroomMain level12' x 14'3''
Dining roomMain level12' x 15'
Living roomMain level11'6'' x 30'6''
KitchenMain level12' x 14'

Listing Information

MLS®
10392108
Listed
June 19, 2026
Time on market
On the market for 73 days
Data last synced
August 28, 2026

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

Description

Bright 3+ bedroom, 2 bath rancher on over 16 acres of private, park-like land, with shop, storage, tennis court and more ~ all within the District of Clearwater! Properties of this size this close to town are increasingly rare, offering an exceptional blend of privacy, convenience, and future potential. Meander through the trees along a paved driveway to discover this 1995-built home surrounded by natural beauty. The functional layout features 3 bedrooms and a large rec room that could serve as a fourth bedroom, home office, or guest space. The primary suite offers a 5-piece ensuite with a deep soaker tub & stand-up shower. Large windows & French doors in the living area provide plenty of natural light, while sliding doors off the kitchen lead to a 12' sundeck, brick patio & fire pit. Notable updates include HardiePlank siding, heat pump, pellet stove, new hot water tank, and Bosch dishwasher. Outbuildings galore with a 24X24' wired shop with attached equipment bay, a 3-bay oversized carport, a 12X30' enclosed storage building with cabin potential, and a 10X40 two-bay wood shed. The true value lies in the land! This remarkable acreage (not in the ALR) has excellent water, well-draining soils, and multiple access points. An established second access adds significant long-term value, with subdivision potential into parcels as small as 2.5 acres. Whether you're seeking a private country retreat, hobby farm, or future development potential, you must come see this property! (id:63159)

Values & Trends

This listing

$477/sqft

Building average

No other active listings in this building

Clearwater average

$393/sqft

38 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

19°C

Humidity 61%

Wind N 5 km/h

Tonight

Tuesday

26°

Tuesday night

11°

Wednesday

22°

Wednesday night

11°

Thursday

16°

Source: Environment and Climate Change Canada.

Population

2,388

(2021 Census)

+2.8% since 2016

Density: 42.9/km²

Dwellings: 1,145

Median household income: $68,000

After-tax: $62,000

Immigrant population: 6.6%

Top countries of origin (% of total population)

  • United States of America1.7% · 40
  • United Kingdom1.3% · 30
  • Netherlands0.8% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Clearwater SecondaryElementary4.8 km
Raft River ElementaryElementary6.4 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: Kamloops-Thompson (SD73)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($73,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$788,000.00
Periodic payment — Principal & Interest (monthly)$5,083.91
Additional monthly expenses (strata, tax, utilities, etc.)$492.50
Total monthly cost$5,576.41
Interest paid over 5-yr term$225,843.07
Balance at end of term$708,808.55

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$73,500
Stress test qualifying rate8.09%
Payment you must qualify for$7,009.12

Cash Needed at Closing

Minimum down payment$73,500
Estimated BC PTT$17,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$92,700

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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