Property Type: Detached HouseOwnership: FreeholdNEW LISTING

360 GRAY Avenue

Merritt, BC V0K1Y0

$559,000

4 bed2 bath2,183 sqftBuilt 1983
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Property Details

Property & Lot

Sub-type
House
Style
Bungalow
Stories
2
Lot size
0.23 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,421.27

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Heat Pump
Fireplace
None
Flooring
Mixed Flooring
Appliances
Refrigerator, Dishwasher, Range, Washer & Dryer

Exterior & Lot

Exterior features
Other
View
Mountain view
Lot features
Cul-de-sac
Fencing
Other

Building

Roof
Metal, Unknown
Water source
Community Water User's Utility
Parcel ID (PID)
003-898-962

Parking

Features
RV, Additional Parking

Room Dimensions

RoomLevelDimensions
StorageLower level12'1'' x 13'6''
Utility roomLower level7'11'' x 13'9''
FoyerLower level13'8'' x 19'1''
BedroomLower level9'2'' x 13'4''
OtherLower level8'6'' x 9'5''
BedroomLower level10'4'' x 13'4''
BedroomMain level10'2'' x 12'2''
Primary BedroomMain level12'4'' x 14'7''
Laundry roomMain level6'8'' x 10'2''
KitchenMain level11'6'' x 17'9''
Dining roomMain level11'3'' x 17'9''
Living roomMain level12'0'' x 20'2''
3pc Ensuite bathMain level6'7'' x 7'6''
4pc BathroomMain level7'7'' x 7'6''

Listing Information

MLS®
10399295
Listed
August 31, 2026
Time on market
Listed today
Data last synced
September 1, 2026

Listing provided by: Royal LePage Merritt R.E. Serv · Data source: CREA DDF.

Description

Watching the market for a home in Lower Nicola? This family home is located at the end of Gray Avenue on a quiet cul-de-sac, offering peace and privacy in a desirable neighborhood. Just a 10-minute drive to Merritt, this location is ideal for buyers looking for both space and convenience. The main floor is bright and open with generous living space throughout. A covered back deck extends your living area outdoors, providing a comfortable and private space to relax or entertain. The primary bedroom features double-door access to the deck and a 3-piece ensuite. An additional bedroom and full bathroom, along with a separate laundry room, complete the main level. The lower level offers two more bedrooms, a storage room, and a cold room, along with convenient access to a covered carport through a separate entrance. The fully fenced backyard includes a covered storage area and double gate access, allowing for easy drive-in entry. Situated on a 0.23-acre lot, there is plenty of room for a future shop or use as additional parking. This is a great opportunity to own a well-located family home on a quiet street in a welcoming neighborhood, close to schools and local amenities. Call the listing agent for more information and to book our private showing today. (id:63159)

Values & Trends

This listing

$256/sqft

Building average

No other active listings in this building

Merritt average

$361/sqft

91 active listing(s)

Parking: Not indicatedStorage 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

16°C

Humidity 59%

Wind NE 5 km/h

Tonight

Tuesday

25°

Tuesday night

12°

Wednesday

21°

Wednesday night

Thursday

16°

Source: Environment and Climate Change Canada.

Population

7,051

(2021 Census)

-1.2% since 2016

Density: 270.8/km²

Dwellings: 3,149

Median household income: $70,000

After-tax: $64,000

Immigrant population: 9.6%

Top countries of origin (% of total population)

  • India2.3% · 160
  • United States of America1% · 70
  • United Kingdom0.9% · 65
  • Philippines0.8% · 55
  • Korea, South0.5% · 35
  • Italy0.4% · 25
  • Netherlands0.4% · 25
  • South Africa, Republic of0.3% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Lower Nicola Band School(Independent)Elementary1.5 km
Collettville ElementaryElementary7.3 km
Merritt SecondaryElementary7.6 km
Merritt Central ElementaryElementary7.9 km
Merritt Bench ElementaryElementary8.0 km
Kengard Alternate SchoolSecondary8.4 km
Diamond Vale ElementaryElementary9.1 km
Nicola Canford ElementaryElementary9.5 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: Nicola-Similkameen (SD58)

Mortgage & Ownership Cost Calculator

Minimum required: 5.5% ($30,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$447,200.00
Periodic payment — Principal & Interest (monthly)$2,885.18
Additional monthly expenses (strata, tax, utilities, etc.)$310.77
Total monthly cost$3,195.96
Interest paid over 5-yr term$128,168.81
Balance at end of term$402,257.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,060.90

Cash Needed at Closing

Minimum down payment$30,900
Estimated BC PTT$9,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,580

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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