Property Type: Detached HouseOwnership: Freehold

4375 97 Highway

Falkland, BC V0E1W1

$1,228,000

4 bed2 bath12 parking3,101 sqftBuilt 2011
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
10.72 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,352

Interior

Heating
Stove, Electric, Wood, Geothermal
Cooling / A/C
Geothermal
Fireplace
Yes (1)
Fireplace type
Free Standing Metal

Exterior & Lot

Exterior features
Stucco
View
Mountain view, River view, Valley view, View of water, View (panoramic)
Waterfront
Waterfront on river

Building

Foundation
Insulated Concrete Forms
Roof
Metal, Unknown

Parking

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

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Utility roomBasement24'1'' x 9'11''
StorageBasement10'11'' x 22'9''
Recreation roomBasement29'9'' x 17'8''
BedroomBasement13'10'' x 11'5''
BedroomBasement11'11'' x 15'2''
3pc BathroomBasement11'5'' x 10'
SunroomMain level11'2'' x 16'7''
Primary BedroomMain level12' x 15'10''
Living roomMain level15'1'' x 17'6''
Laundry roomMain level10'10'' x 10'8''
KitchenMain level15'6'' x 14'1''
OtherMain level39'6'' x 28'
Dining roomMain level14'1'' x 15'8''
BedroomMain level10'11'' x 14'4''
4pc BathroomMain level12'6'' x 7'8''

Listing Information

MLS®
10387187
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

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

Description

10+ acres of riverfront bliss situated just outside of Falkland. Backing onto the Salmon River with beautiful valley views , this 2011 built home is a walkout rancher featuring 4 Beds and 2 Baths. There’s a large deck off the kitchen to enjoy the views and Okanagan weather that enters in from the open concept living area with lots of natural light from the large windows and sunroom. Primary bedroom has walk-in closet and a semi-roughed in ensuite bath. Geothermal heating, ICF foundation, and metal roof are just some of the features of this home. There is a high producing well and water rights to the river should be available. Approximately half the land is flat/usable for animals or growing. Fenced and cross fenced pastures. Large 28x28 garage with 220 off the 200amp panel. This is a well built home on a very usable acreage with lots of infrastructure in place and a beautiful riverfront to enjoy. Minutes to Falkland or a short drive to Vernon or Armstrong this property has so much to offer! (id:63159)

Values & Trends

This listing

$396/sqft

Building average

No other active listings in this building

Salmon Vly / Falkland average

$509/sqft

14 active listing(s)

Parking: 12 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/Middle9.1 km
North Okanagan Junior Academy(Independent)Elementary/Middle13.8 km
Silver Creek Elementary SecondaryElementary/Middle17.4 km
Pleasant Valley SecondarySecondary17.8 km
Len Wood Middle SchoolMiddle18.0 km
Armstrong ElementaryElementary18.4 km
Highland Park ElementaryElementary18.5 km
Westwold ElementaryElementary20.5 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: Okanagan-Shuswap (SD83)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($97,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$982,400.00
Periodic payment — Principal & Interest (monthly)$6,338.11
Additional monthly expenses (strata, tax, utilities, etc.)$434.33
Total monthly cost$6,772.44
Interest paid over 5-yr term$281,558.66
Balance at end of term$883,671.98

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$97,800
Stress test qualifying rate8.09%
Payment you must qualify for$8,690.84

Cash Needed at Closing

Minimum down payment$97,800
Estimated BC PTT$22,560
Legal / closing costs (typical estimate)$1,500
Total cash needed$121,860

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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