Property Type: Land / LotOwnership: Freehold

5145 Salmon River Road

Spallumcheen, BC V0E1B4

$559,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
25.17 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,596

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view

Listing Information

MLS®
10326117
Listed
October 19, 2024
Time on market
On the market for 682 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

Large lot with fertile land in the heart of Spallumcheen. This beautiful lot is surrounded by breathtaking mountain views & lush greenery: a perfect blend of natural beauty and rural charm. Ideal for hobby farming enthusiasts or those looking to build their dream home! The property is sloping offering a better view the higher you go. The first plateau from Salmon River Rd. would be a great building site. Close to local farms:10min from downtown Armstrong, Kelowna Intl Airport (54 min) and Vernon via double-lane Hwy( 28 min). Don't miss this opportunity, schedule your private tour today! (id:63159)

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 ElementaryElementary6.9 km
Pleasant Valley SecondarySecondary7.0 km
Len Wood Middle SchoolMiddle7.0 km
Armstrong ElementaryElementary7.2 km
North Okanagan Junior Academy(Independent)Elementary/Middle8.8 km
M.V. Beattie ElementaryElementary13.4 km
Silver Creek Elementary SecondaryElementary/Middle13.9 km
A.L. Fortune SecondaryK-1214.1 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: 5.5% ($30,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$447,200.00
Periodic payment — Principal & Interest (monthly)$2,885.18
Additional monthly expenses (strata, tax, utilities, etc.)$216.33
Total monthly cost$3,101.52
Interest paid over 5-yr term$128,168.81
Balance at end of term$402,257.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,060.90

Cash Needed at Closing

Minimum down payment$30,900
Estimated BC PTT$9,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,580

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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