Property Type: Land / LotOwnership: Freehold

470 Sumac Road

Tappen, BC V0E2X1

$825,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
19.1 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,109

Interior

Fireplace
None

Exterior & Lot

View
Lake view

Listing Information

MLS®
10364788
Listed
October 16, 2025
Time on market
On the market for 319 days
Data last synced
August 28, 2026

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

Description

Welcome to a truly rare offering—an extraordinary 19+ acre waterfront property perched high on the coveted Sunnybrae Bluff. Bathed in sunlight with a south-facing orientation, this retreat captures panoramic views in every direction. To the south, overlook the vibrant community of Salmon Arm framed by the iconic silhouette of Mount Ida. Turn east to admire the striking rock face of Bastion Mountain, or west to the expansive recreation playground of Fly Hills. To the north, postcard-perfect vistas stretch across Tappen, Blind Bay, and the dramatic North Shore mountain range. With over 400 feet of prime waterfront and located in the desirable, unzoned CSRD area, this property offers exceptional freedom and endless possibilities. Whether you envision creating a luxury estate, developing a private retreat, or investing in a one-of-a-kind legacy property, the opportunities are boundless. Docks and buoys are permitted, adding even greater flexibility and value. Bordering the serene beauty of Sunnybrae Park, this property is more than land—it’s a rare slice of paradise where natural beauty, tranquility, and potential come together. (id:63159)

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/Middle5.1 km
Carlin Elementary MiddleElementary/Middle5.3 km
North Canoe ElementaryElementary5.9 km
Salmon Arm SecondarySecondary7.7 km
Bastion ElementaryElementary7.9 km
J.L. Jackson SecondarySecondary8.3 km
South Broadview ElementaryElementary8.8 km
Salmon Arm StorefrontSecondary8.8 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: 7.0% ($57,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$660,000.00
Periodic payment — Principal & Interest (monthly)$4,258.10
Additional monthly expenses (strata, tax, utilities, etc.)$259.08
Total monthly cost$4,517.18
Interest paid over 5-yr term$189,157.90
Balance at end of term$593,672.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$57,500
Stress test qualifying rate8.09%
Payment you must qualify for$5,901.81

Cash Needed at Closing

Minimum down payment$57,500
Estimated BC PTT$14,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$73,500

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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