Property Type: Land / LotOwnership: Freehold

4650 North Naramata Road Unit# 9

Naramata, BC V0H1N1

$899,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
2.5 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$199/mo
Annual property tax
$2,268.76

Maintenance Fee Includes

Management

Interior

Fireplace
None

Listing Information

MLS®
10382002
Listed
April 2, 2026
Time on market
On the market for 151 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Locations West · Data source: CREA DDF.

Description

Welcome to Grace Estates. Located in beautiful Naramata, BC, and perched above the charming Naramata village, this 2.5-acre building lot offers sweeping 200-degree views of the valley, surrounding vineyards, and the sparkling waters of Okanagan Lake. Grace Estates is a private 32-acre subdivision featuring just 11 estate-sized lots; this property offers the perfect blend of privacy and luxury. All roads are paved and well-lit, with water, natural gas, and electricity conveniently available at lot line. Bring your custom home plans and start building your dream residence in the heart of wine country. Call today for more details. GST Applicable. (id:63159)

Location Insights

Weather

Nearest station: Summerland

16°C

Humidity 59%

Wind W 8 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Naramata ElementaryElementary1.5 km
Trout Creek ElementaryElementary5.0 km
Summerland SecondaryK-126.5 km
Summerland Montessori School(Independent)Elementary6.9 km
Unisus Junior School(Independent)Elementary7.1 km
Unisus Senior School(Independent)Secondary7.1 km
Uplands ElementaryElementary12.1 km
West Bench ElementaryElementary12.5 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-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 7.2% ($64,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$719,200.00
Periodic payment — Principal & Interest (monthly)$4,640.03
Additional monthly expenses (strata, tax, utilities, etc.)$387.95
Total monthly cost$5,027.99
Interest paid over 5-yr term$206,124.79
Balance at end of term$646,922.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$64,900
Stress test qualifying rate8.09%
Payment you must qualify for$6,413.94

Cash Needed at Closing

Minimum down payment$64,900
Estimated BC PTT$15,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$82,380

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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