Property Type: Detached HouseOwnership: Freehold

388 Sumac Road

Tappen, BC V0E2X1

$777,000

3 bed3.5 bath8 parking3,126 sqftBuilt 1990
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.26 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,871

Interior

Basement
Full
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Gas, Unknown

Exterior & Lot

Exterior features
Cedar Siding
View
Lake view, Mountain view

Building

Roof
Asphalt shingle, Unknown
Water source
Community Water User's Utility
Sewer
Septic tank
Parcel ID (PID)
003-344-576

Parking

Total spaces
8 — covered indicated
Features
Attached Garage, See Remarks, Additional Parking

Room Dimensions

RoomLevelDimensions
Primary BedroomMain level10' x 10'
OtherMain level21'7'' x 28'
OtherBasement22' x 7'8''
Utility roomBasement9' x 11'9''
SunroomBasement19'11'' x 7'5''
StorageBasement20'8'' x 19'7''
4pc BathroomBasement4'10'' x 5'8''
BedroomBasement10' x 10'
BedroomBasement12'7'' x 10'2''
GymBasement16' x 16'
Living roomBasement29'6'' x 12'4''
KitchenBasement14'2'' x 11'8''
Partial bathroomMain level
Dining roomMain level12'1'' x 9'
Mud roomMain level5'4'' x 9'1''
Laundry roomMain level9'3'' x 9'
Living roomMain level21'7'' x 17'6''
3pc Ensuite bathMain level6'2'' x 10'1''
Living roomMain level18'10'' x 12'4''
KitchenMain level13'6'' x 12'4''

Listing Information

MLS®
10389682
Listed
June 8, 2026
Time on market
On the market for 84 days
Data last synced
August 29, 2026

Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.

Description

Step into this inviting rancher-style home, where the design seamlessly connects the living, dining, and kitchen areas, ideal for effortless entertaining and family gatherings. The main floor features the main bedroom, well-appointed bathrooms, and a functional layout that prioritizes comfort and flow. Outdoor living shines here too, with generous patio. The fully finished walk-out basement elevates this home with direct access to the backyard and lake views, creating a seamless indoor-outdoor connection. This level boasts a well-decorated, self-contained in-law suite, complete with its own kitchenette, living area, bedrooms and a bathroom. Mechanical room downstairs with second laundry. Lots of extra parking. 2 driveways. come have a look today you will be glad you did. (id:63159)

Values & Trends

This listing

$249/sqft

Building average

No other active listings in this building

Tappen / Sunnybrae average

$667/sqft

14 active listing(s)

Parking: 8 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

Nearest station: Salmon Arm

16°C

Humidity 84%

Wind SSE 5 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Shuswap SDA(Independent)Elementary/Middle4.1 km
North Canoe ElementaryElementary4.9 km
Carlin Elementary MiddleElementary/Middle6.3 km
Salmon Arm SecondarySecondary6.6 km
Bastion ElementaryElementary6.8 km
J.L. Jackson SecondarySecondary7.3 km
South Broadview ElementaryElementary7.7 km
King's Christian School(Independent)K-127.8 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: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 6.8% ($52,700) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$621,600.00
Periodic payment — Principal & Interest (monthly)$4,010.35
Additional monthly expenses (strata, tax, utilities, etc.)$395.25
Total monthly cost$4,405.60
Interest paid over 5-yr term$178,152.35
Balance at end of term$559,131.21

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$52,700
Stress test qualifying rate8.09%
Payment you must qualify for$5,569.61

Cash Needed at Closing

Minimum down payment$52,700
Estimated BC PTT$13,540
Legal / closing costs (typical estimate)$1,500
Total cash needed$67,740

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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