Property Type: Land / LotOwnership: Freehold

54 Elliott Road

Vernon, BC V1H2E4

$169,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.32 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$748

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View of water, View (panoramic)

Listing Information

MLS®
10384397
Listed
April 22, 2026
Time on market
On the market for 131 days
Data last synced
August 28, 2026

Listing provided by: 3 Percent Realty Inc. · Data source: CREA DDF.

Description

Perfectly situated in a quiet lakeside neighbourhood just a short stroll from the beach, this 0.32-acre building lot offers the best of Okanagan living. Enjoy easy access to water sports, hiking, and more— the peaceful, park-like setting is just beyond the waterfront activity. With stunning views of the lake, and mountains, this lot offers a picturesque backdrop for your custom dream home. A rare opportunity in an exceptional location—come explore the potential today! (id:63159)

Location Insights

Weather

16°C

Humidity 69%

Wind ESE 14 km/h

Tonight

11°

Tuesday

27°

Tuesday night

14°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

44,519

(2021 Census)

+11% since 2016

Density: 461.7/km²

Dwellings: 21,287

Median household income: $73,500

After-tax: $66,500

Immigrant population: 12.4%

Top countries of origin (% of total population)

  • United Kingdom2.3% · 1,030
  • Germany1.2% · 550
  • United States of America1% · 450
  • India0.8% · 355
  • Philippines0.7% · 315
  • Netherlands0.6% · 270
  • Poland0.3% · 150
  • South Africa, Republic of0.3% · 125

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Oyama Traditional SchoolElementary12.2 km
Okanagan Landing ElementaryElementary13.7 km
Davidson Road ElementaryElementary14.9 km
Ellison ElementaryElementary16.2 km
Clarence Fulton SecondaryElementary16.5 km
George Elliot SecondarySecondary17.5 km
HS Grenda Middle SchoolMiddle17.8 km
Peter Greer ElementaryElementary17.8 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: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$135,920.00
Periodic payment — Principal & Interest (monthly)$876.91
Additional monthly expenses (strata, tax, utilities, etc.)$62.33
Total monthly cost$939.24
Interest paid over 5-yr term$38,955.06
Balance at end of term$122,260.48

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,495
Stress test qualifying rate8.09%
Payment you must qualify for$1,241.15

Cash Needed at Closing

Minimum down payment$8,495
Estimated BC PTT$1,699
Legal / closing costs (typical estimate)$1,500
Total cash needed$11,694

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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