Property Type: Land / LotOwnership: Freehold

396 Wild Rose Drive

Merritt, BC V1K1B8

$185,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
1 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$502.32

Interior

Fireplace
None

Exterior & Lot

Waterfront
Waterfront on creek

Listing Information

MLS®
10375480
Listed
February 10, 2026
Time on market
On the market for 202 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Assurance Realty Ltd. · Data source: CREA DDF.

Description

Peaceful rural acreage minutes from Merritt. Escape to the country with this picturesque 1 acre bare land parcel, located just 12 minutes from Merritt, approximately 2.5 hours from the Lower Mainland, and 1 hour from the Okanagan. Offering the perfect balance of privacy and accessibility, this property is ideal for those looking to build their dream home or weekend retreat. The land features a nice, level building site set within a beautiful natural landscape of mature trees, providing privacy and a tranquil rural setting. A seasonal creek runs along one side of the property, adding natural charm and character. No septic or well is currently installed, allowing buyers to design a system that suits their building plans. Whether you're looking to build now or hold for the future, this scenic acreage offers outstanding potential in a desirable rural location. (id:63159)

Location Insights

Weather

9°C

Humidity 87%

Wind ESE 5 km/h

Today

25°

Tonight

10°

Wednesday

22°

Wednesday night

11°

Thursday

20°

Thursday night

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
Nicola Canford ElementaryElementary11.4 km
Diamond Vale ElementaryElementary11.8 km
Kengard Alternate SchoolSecondary12.6 km
Merritt Central ElementaryElementary13.0 km
Merritt Bench ElementaryElementary13.2 km
Merritt SecondaryElementary13.3 km
Collettville ElementaryElementary13.7 km
Lower Nicola Band School(Independent)Elementary19.4 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: Nicola-Similkameen (SD58)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$148,000.00
Periodic payment — Principal & Interest (monthly)$954.85
Additional monthly expenses (strata, tax, utilities, etc.)$41.86
Total monthly cost$996.71
Interest paid over 5-yr term$42,417.23
Balance at end of term$133,126.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,250
Stress test qualifying rate8.09%
Payment you must qualify for$1,351.46

Cash Needed at Closing

Minimum down payment$9,250
Estimated BC PTT$1,850
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,600

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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