Property Type: OtherOwnership: Freehold

487 Mabel Lake Road

Lumby, BC V0E2G5

$2,399,000

5 bed4.5 bath10 parking3,368 sqftBuilt 1940
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Property Details

Property & Lot

Sub-type
Other
Stories
3
Lot size
145 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$2,945.91

Interior

Basement
Full
Heating
Forced air, Electric, See remarks
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Gas, Unknown
Flooring
Mixed Flooring

Exterior & Lot

Exterior features
Brick, Stucco
View
Mountain view, Valley view
Waterfront
Waterfront on creek

Building

Roof
Asphalt shingle, Unknown

Parking

Total spaces
10 — uncovered indicated
Features
Covered, Additional Parking

Room Dimensions

RoomLevelDimensions
Partial bathroomMain level4'1'' x 5'10''
StorageBasement2'3'' x 6'7''
StorageBasement11'1'' x 12'
StorageBasement9'10'' x 15'5''
Utility roomBasement13'1'' x 15'
Recreation roomBasement22' x 16'11''
Full bathroomSecond level16'7'' x 9'5''
DenSecond level12'5'' x 12'6''
BedroomSecond level18'1'' x 8'7''
BedroomSecond level10'9'' x 13'6''
BedroomSecond level10'9'' x 13'8''
Full ensuite bathroomSecond level10'9'' x 9'5''
Primary BedroomSecond level10'9'' x 16'7''
BedroomMain level10'8'' x 13'4''
Family roomMain level10'8'' x 14'
Full bathroomMain level7'2'' x 9'6''
Laundry roomMain level10'8'' x 11'7''
FoyerMain level7' x 9'7''
Living roomMain level12'4'' x 17'10''
OtherMain level12'4'' x 14'2''
Dining roomMain level14'5'' x 17'8''
KitchenMain level23'10'' x 13'8''

Listing Information

MLS®
10374927
Listed
February 6, 2026
Time on market
On the market for 206 days
Data last synced
August 28, 2026

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

Description

Nestled on 145 breathtaking acres just minutes from Lumby, this rare gem offers a blend of tranquility, opportunity, and natural beauty. Spanning 4 separate titles—zoned Agricultural and residential—this property includes 45+ acres of hayland, 70 acres of timber, and two peaceful creeks. A water license for both domestic and irrigation use enhances self-sufficiency, while multiple titles offer exciting development potential. The 4,000 sq ft main home was completely rebuilt in 1986, featuring all new plumbing and wiring, 14” of attic insulation, and energy-efficient paint used on lighthouses—reflecting summer heat and retaining winter warmth. Heated gutters on the north side add to its all-season efficiency. Inside, enjoy 5 spacious bedrooms, 4 bathrooms, a large kitchen, and a flexible layout with a separate space ideal for an elderly family member. A second tenanted home serves as a valuable mortgage helper. With its mix of open hay fields, mature timber, abundant water, and serene privacy, this is more than a property—it’s a lifestyle ready to be embraced. The property is also located in the fire protected zone so insurance stays lower and your fully protected. (id:63159)

Values & Trends

This listing

$712/sqft

Building average

No other active listings in this building

Lumby Valley average

$1,484/sqft

5 active listing(s)

Parking: 10 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: 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

2,063

(2021 Census)

+12.5% since 2016

Density: 347.9/km²

Dwellings: 861

Median household income: $77,000

After-tax: $70,500

Immigrant population: 9.2%

Top countries of origin (% of total population)

  • United Kingdom2.9% · 60
  • United States of America1.2% · 25
  • Netherlands0.5% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
J W Inglis ElementaryElementary3.5 km
Charles Bloom SecondaryK-123.8 km
Crossroads Learning CentreSecondary4.0 km
Okanagan Waldorf School(Independent)Elementary9.3 km
Lavington ElementaryElementary12.7 km
B X ElementaryElementary19.8 km
Hillview ElementaryElementary21.1 km
Coldstream ElementaryElementary21.5 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: Vernon (SD22)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($479,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,919,200.00
Periodic payment — Principal & Interest (monthly)$12,382.03
Additional monthly expenses (strata, tax, utilities, etc.)$413.49
Total monthly cost$12,795.52
Interest paid over 5-yr term$550,048.24
Balance at end of term$1,726,326.61

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$479,800
Stress test qualifying rate8.09%
Payment you must qualify for$14,757.98

Cash Needed at Closing

Minimum down payment$479,800
Estimated BC PTT$49,970
Legal / closing costs (typical estimate)$1,500
Total cash needed$531,270

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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