Property Type: Land / LotOwnership: Freehold

537 Wild Rose Drive

Merritt, BC V1K1B8

$249,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
4.6 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,239.01

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10393705
Listed
July 6, 2026
Time on market
On the market for 57 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Merritt R.E. Serv · Data source: CREA DDF.

Description

Looking for an affordable acreage just outside of town? This 4.6-acre property is priced to sell and offers the perfect opportunity to enjoy a peaceful rural lifestyle while remaining just 15 minutes south of Merritt. Surrounded by beautiful countryside, with nearby lakes, hiking trails, and endless outdoor recreation, this property is an ideal setting for those looking to escape the hustle and bustle. Zoned RL-1, this acreage offers a variety of potential uses and plenty of flexibility for your future plans. The property features a combination of treed hillside and open areas, providing privacy, natural beauty, and a great location to bring your vision to life. Whether you're looking to build your dream home, create a weekend retreat, or invest in land with future potential, this property offers exceptional value and endless possibilities. Contact the listing agent today for more information or to schedule your private viewing. (id:63159)

Location Insights

Weather

12°C

Humidity 76%

Wind NE 6 km/h

Tonight

Tuesday

25°

Tuesday night

12°

Wednesday

21°

Wednesday night

Thursday

16°

Source: Environment and Climate Change Canada.

Population

7,051

(2021 Census)

-1.2% since 2016

Density: 270.8/km²

Dwellings: 3,149

Median household income: $70,000

After-tax: $64,000

Immigrant population: 9.6%

Top countries of origin (% of total population)

  • India2.3% · 160
  • United States of America1% · 70
  • United Kingdom0.9% · 65
  • Philippines0.8% · 55
  • Korea, South0.5% · 35
  • Italy0.4% · 25
  • Netherlands0.4% · 25
  • South Africa, Republic of0.3% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Nicola Canford ElementaryElementary11.7 km
Diamond Vale ElementaryElementary12.2 km
Kengard Alternate SchoolSecondary12.9 km
Merritt Central ElementaryElementary13.4 km
Merritt Bench ElementaryElementary13.5 km
Merritt SecondaryElementary13.7 km
Collettville ElementaryElementary14.1 km
Lower Nicola Band School(Independent)Elementary19.8 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: Nicola-Similkameen (SD58)

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Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($12,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$199,200.00
Periodic payment — Principal & Interest (monthly)$1,285.17
Additional monthly expenses (strata, tax, utilities, etc.)$103.25
Total monthly cost$1,388.42
Interest paid over 5-yr term$57,091.29
Balance at end of term$179,181.04

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$12,450
Stress test qualifying rate8.09%
Payment you must qualify for$1,818.99

Cash Needed at Closing

Minimum down payment$12,450
Estimated BC PTT$2,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$16,930

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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