Property Type: OtherOwnership: Freehold

583 Tinhorn Creek Road

Oliver, BC V0H1T1

$2,800,000

3 bed2 bath10 parking2,921 sqftBuilt 1991
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Property Details

Property & Lot

Sub-type
Other
Stories
1
Lot size
12.2 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$3,507.32

Interior

Heating
Other
Fireplace
None

Exterior & Lot

View
Valley view, Unknown

Building

Roof
Unknown, Unknown

Parking

Total spaces
10

Room Dimensions

RoomLevelDimensions
Living roomMain level10' x 10'
KitchenMain level10' x 10'
BedroomMain level10' x 10'
Full bathroomBasement10' x 10'
Full bathroomMain level10' x 10'
BedroomBasement10' x 10'
Primary BedroomMain level10' x 10'

Listing Information

MLS®
10395614
Listed
July 23, 2026
Time on market
On the market for 39 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

COURT-ORDERED SALE, SOLD AS-IS, WHERE-IS. In the Receivership Sale of Lakeside Cellars, presenting a parcel within Rural Oliver. The 12.20 acre parcel consists of two estate houses. Much of the property contains productive, good quality vineyard currently farmed to a high yield. The property is primarily planted with Merlot and Cabernet Franc. One acre of the planted vineyard is planted with Malbec, Petit Verdot, and Carmanere for blending purposes. The two homes are a 1,700 square foot 1991 rancher bungalow updated in 2015/2016 with a fully finished basement and a 1,200 square foot second house estimated to be built in the 1970s and updated in 2010. Both of these homes are occupied by tenants. The vineyard is planted with varietals for producing and blending exceptional red wines. It is fully irrigated and appears in good condition. The property is understood to be on municipal water and septic. All offers are subject to approval by the Supreme Court of British Columbia. (id:63159)

Values & Trends

This listing

$959/sqft

Building average

No other active listings in this building

Oliver Rural average

$600/sqft

24 active listing(s)

Parking: 10 stall(s) includedStorage 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

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 SecondarySecondary4.2 km
Southern Okanagan AltSecondary4.2 km
Oliver ElementaryElementary4.2 km
Tuc-el-Nuit ElementaryElementary4.2 km
Senpaq'cin School(Independent)Elementary5.6 km
Cawston Primary SchoolElementary13.0 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)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($560,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,240,000.00
Periodic payment — Principal & Interest (monthly)$14,451.72
Additional monthly expenses (strata, tax, utilities, etc.)$438.28
Total monthly cost$14,890.00
Interest paid over 5-yr term$641,990.44
Balance at end of term$2,014,887.24

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$560,000
Stress test qualifying rate8.09%
Payment you must qualify for$17,224.82

Cash Needed at Closing

Minimum down payment$560,000
Estimated BC PTT$62,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$623,500

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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