Property Type: Detached HouseOwnership: Freehold

550 Kane Valley Road

Merritt, BC V1K1B8

$1,195,000

5 bed3.5 bath2,656 sqftBuilt 1994
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
11.14 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$3,079.03

Interior

Heating
Stove, Forced air, See remarks, Wood
Fireplace
Yes (1)
Fireplace type
Free Standing Metal
Flooring
Mixed Flooring

Exterior & Lot

Exterior features
Wood siding
View
Mountain view, River view, Valley view, View (panoramic)
Waterfront
Waterfront on creek

Building

Roof
Asphalt shingle, Unknown

Parking

Features
Carport, RV

Room Dimensions

RoomLevelDimensions
Laundry roomBasement7'4'' x 4'8''
2pc BathroomBasement
Utility roomBasement16'3'' x 6'3''
WorkshopBasement14'3'' x 12'3''
BedroomBasement8'8'' x 13'3''
BedroomBasement9' x 13'7''
OfficeBasement8'2'' x 13'11''
Recreation roomBasement12'6'' x 14'11''
OtherBasement10'7'' x 13'8''
BedroomMain level10'8'' x 9'8''
Full bathroomMain level
BedroomMain level12'7'' x 8'6''
3pc Ensuite bathMain level
Primary BedroomMain level11'1'' x 14'11''
Living roomMain level21'6'' x 14'1''
KitchenMain level18' x 13'

Listing Information

MLS®
10392264
Listed
June 22, 2026
Time on market
On the market for 70 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Assurance Realty Ltd. · Data source: CREA DDF.

Description

Country living at its best! Nestled on just over 11 private acres, this rural retreat offers seclusion, stunning views and a seasonal creek meandering through the property with access to crown land. The home features an open concept kitchen and living area with beautiful pine plank flooring, 5 bedrooms (3 up and 2 down) and 3 bathrooms (2 on the main level and one downstairs). Enjoy the outdoors from the spacious 20x20 sundeck or the 8x30 covered deck, perfect for entertaining or relaxing while taking in the surrounding scenery. Outdoor enthusiasts will appreciate the property’s proximity to cross-country skiing, fishing, hunting, hiking, backpacking, off-roading, and countless other recreational opportunities. The property is well equipped with a 30 amp RV hookup for guests, a large woodshed with walk-in cooler for the hunters, ample storage for firewood and ATV’s and a 20x8 C-can workshop. Approximately 4-5 acres are fenced and front of property is rail fencing, making it ideal for hobby farming or animals. Additional features include a carport, plenty of storage and an 800 gallon water cistern system. A rare opportunity to enjoy peaceful country living with all the space you good for work, play and adventure. Call today for your private viewing! (id:63159)

Values & Trends

This listing

$450/sqft

Building average

No other active listings in this building

Merritt average

$359/sqft

91 active listing(s)

Parking: Not indicatedStorage 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

16°C

Humidity 59%

Wind NE 5 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
Collettville ElementaryElementary22.1 km
Nicola Canford ElementaryElementary22.6 km
Merritt Central ElementaryElementary22.6 km
Diamond Vale ElementaryElementary22.6 km
Merritt SecondaryElementary22.7 km
Kengard Alternate SchoolSecondary23.4 km
Merritt Bench ElementaryElementary24.5 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: Nicola-Similkameen (SD58)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.9% ($94,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$956,000.00
Periodic payment — Principal & Interest (monthly)$6,167.79
Additional monthly expenses (strata, tax, utilities, etc.)$389.59
Total monthly cost$6,557.37
Interest paid over 5-yr term$273,992.35
Balance at end of term$859,925.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$94,500
Stress test qualifying rate8.09%
Payment you must qualify for$8,462.46

Cash Needed at Closing

Minimum down payment$94,500
Estimated BC PTT$21,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$117,900

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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