Property Type: OtherOwnership: Freehold

4325 Highway 97 Highway

Falkland, BC V0E1W0

$2,750,000

3 bed3.5 bath2 parking1,920 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
Other
Stories
2
Lot size
68 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$3,154.72

Interior

Basement
Partial
Heating
Forced air, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Wood, Conventional
Flooring
Mixed Flooring

Exterior & Lot

Exterior features
Wood siding
View
Mountain view
Waterfront
Waterfront on river
Lot features
Irregular lot size

Building

Roof
Metal, Unknown
Water source
Well
Sewer
Septic tank
Parcel ID (PID)
010-964-304

Parking

Total spaces
2 — covered indicated
Features
Detached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
3pc BathroomBasement
4pc BathroomBasement
4pc Ensuite bathBasement
BedroomSecond level14'3'' x 10'6''
BedroomSecond level17'0'' x 11'0''
Primary BedroomSecond level10'4'' x 11'11''
KitchenMain level14'6'' x 11'3''
Dining roomMain level11'2'' x 11'1''
Living roomMain level17'2'' x 14'3''

Listing Information

MLS®
10393206
Listed
July 14, 2026
Time on market
On the market for 48 days
Data last synced
September 1, 2026

Listing provided by: LandQuest Realty Corp. (Interior) · Data source: CREA DDF.

Description

Discover one of the prettiest properties on the Salmon River — a private, quiet country paradise offering over a kilometer of pristine river frontage, just 25 minutes from Vernon and 10 minutes from Falkland. This exceptional acreage features two homes: a beautifully appointed main residence with stunning views of the river and hay fields, a wrap-around deck, and a spacious interior with 2.5 bath 3 beds, country kitchen. Plus a 2nd home offering two rental suites for extra income or extended family. Both homes boast central A/C and new roofs, with pride of ownership evident in every detail. South-facing slopes and mostly flat, usable land run along the river's south side, including 17 irrigated acres of hay land, with the balance in productive pasture and treed areas, fully fenced and cross-fenced, with a water license and excellent spring well water supply. Outbuildings impress at every turn: a large 2-bay garage with carport, a newer equipment building, a 56x56 hay shed, and a truly exceptional 5800 sq ft custom shop 100x58 with five 200-amp electrical panels, central air, full plumbing, insulation, and heat. Natural gas service adds further convenience. Immaculately maintained and fully updated, this turnkey farm comes complete with hay and irrigation equipment — simply move in and start farming. Abundant pasture offers endless possibilities: fruit trees, horses, or vegetable production. A rare opportunity for unlimited potential in a spectacular, private setting. (id:63159)

Values & Trends

This listing

$1,432/sqft

Building average

No other active listings in this building

Salmon Vly / Falkland average

$535/sqft

6 active listing(s)

Parking: 2 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
Falkland Elementary Junior SchoolElementary/Middle9.5 km
North Okanagan Junior Academy(Independent)Elementary/Middle13.4 km
Pleasant Valley SecondarySecondary17.3 km
Silver Creek Elementary SecondaryElementary/Middle17.3 km
Len Wood Middle SchoolMiddle17.6 km
Armstrong ElementaryElementary17.9 km
Highland Park ElementaryElementary18.1 km
Westwold ElementaryElementary21.0 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($550,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,200,000.00
Periodic payment — Principal & Interest (monthly)$14,193.65
Additional monthly expenses (strata, tax, utilities, etc.)$358.89
Total monthly cost$14,552.55
Interest paid over 5-yr term$630,526.32
Balance at end of term$1,978,907.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$550,000
Stress test qualifying rate8.09%
Payment you must qualify for$16,917.23

Cash Needed at Closing

Minimum down payment$550,000
Estimated BC PTT$60,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$612,000

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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