Property Type: Land / LotOwnership: Freehold

5259 Sumac Drive

Oliver, BC V0H1T1

$439,500

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.62 acres
Frontage
101 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view, View (panoramic)
Lot features
Private setting, Irregular lot size, Sloping

Building

Water source
Municipal water
Sewer
No sewage system, Septic tank
Utilities
Water, Natural Gas, Electricity, Cable, Telephone
Parcel ID (PID)
018-236-910

Listing Information

MLS®
10248898
Listed
March 22, 2022
Time on market
On the market for 1624 days
Data last synced
September 1, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

For more information, click the Brochure button below. Very rare building property located in Oliver B.C. This large 0.62 acre property is located next to orchards and vineyards is zoned agricultural (ALR) and allows for many building opportunities. Located in the RDOS but has town of Oliver water, Natural Gas and Electricity is available and septic has been approved. This property is located within walking distance of five wineries two with restaurants (Tin Horn Creek, Hester Creek) The lot is perfect for a walkout and a large shop/garage and has a great view of Mount Baldy and surrounding valley views. This is a one of a kind, nothing else like it in the area. Zoning allows for large 1300sqft suite on this property for family, guests or a mortgage helper. This is a lot with no buildings on it, the buildings shown in the aerial photo have been removed. The property is fully fenced. (id:63159)

Location Insights

Weather

Nearest station: Osoyoos

23°C

Humidity 43%

Wind S 7 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

5,094

(2021 Census)

+3.4% since 2016

Density: 927.9/km²

Dwellings: 2,445

Median household income: $68,500

After-tax: $62,400

Immigrant population: 18.9%

Top countries of origin (% of total population)

  • India5.4% · 275
  • United Kingdom2.4% · 120
  • United States of America1.3% · 65
  • Portugal1.2% · 60
  • Germany1.1% · 55
  • El Salvador0.9% · 45
  • Philippines0.8% · 40
  • Netherlands0.6% · 30

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Southern Okanagan SecondarySecondary3.9 km
Southern Okanagan AltSecondary3.9 km
Oliver ElementaryElementary3.9 km
Tuc-el-Nuit ElementaryElementary4.0 km
Senpaq'cin School(Independent)Elementary5.3 km
Cawston Primary SchoolElementary13.2 km
Osoyoos ElementaryElementary16.3 km
Osoyoos SecondarySecondary16.5 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-Similkameen (SD53)

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Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($21,975) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$351,600.00
Periodic payment — Principal & Interest (monthly)$2,268.40
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$2,268.40
Interest paid over 5-yr term$100,769.57
Balance at end of term$316,265.34

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$21,975
Stress test qualifying rate8.09%
Payment you must qualify for$3,210.62

Cash Needed at Closing

Minimum down payment$21,975
Estimated BC PTT$6,790
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,265

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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