Property Type: OtherOwnership: Freehold

4768 Schubert Road

Spallumcheen, BC V4Y1A2

$749,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
11.9 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$3,780

Interior

Fireplace
None

Listing Information

MLS®
10395243
Listed
July 20, 2026
Time on market
On the market for 42 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Rare opportunity to own nearly 12 acres in a highly desirable area just north of Armstrong on a paved road backing onto Deep Creek. With plenty of room to build your dream home, a large log barn and many outbuildings, this property offers you the opportunity to truly make it your own in a quiet, rural area only minutes from Armstrong and a short drive to Vernon. Note: the mobile home on the property is used for storage only and is unfit for habitation. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Armstrong/ Spall. average

$983/sqft

17 active listing(s)

Parking: Not indicatedStorage 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: Vernon

18°C

Humidity 66%

Wind ESE 16 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

5,307

(2021 Census)

+3.9% since 2016

Density: 20.8/km²

Dwellings: 2,099

Median household income: $84,000

After-tax: $76,500

Immigrant population: 7.6%

Top countries of origin (% of total population)

  • United States of America1.3% · 70
  • Germany1.2% · 65
  • United Kingdom1.1% · 60
  • Netherlands1% · 55
  • South Africa, Republic of0.4% · 20
  • Russian Federation0.2% · 10
  • Philippines0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Highland Park ElementaryElementary4.7 km
Armstrong ElementaryElementary5.5 km
Len Wood Middle SchoolMiddle5.7 km
Pleasant Valley SecondarySecondary6.1 km
M.V. Beattie ElementaryElementary8.2 km
A.L. Fortune SecondaryK-128.8 km
North Okanagan Junior Academy(Independent)Elementary/Middle11.9 km
Mountain View Christian(Independent)Elementary/Middle14.1 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: 6.7% ($49,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$599,200.00
Periodic payment — Principal & Interest (monthly)$3,865.84
Additional monthly expenses (strata, tax, utilities, etc.)$315.00
Total monthly cost$4,180.84
Interest paid over 5-yr term$171,732.44
Balance at end of term$538,982.34

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$49,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,375.83

Cash Needed at Closing

Minimum down payment$49,900
Estimated BC PTT$12,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$64,380

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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