Property Type: Land / LotOwnership: Freehold

705 Udell Road

Vernon, BC V1H2E3

$222,500

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.53 acres
Frontage
118 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$619.15

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)
Waterfront
Other

Listing Information

MLS®
10376772
Listed
February 25, 2026
Time on market
On the market for 187 days
Data last synced
August 28, 2026

Listing provided by: Chamberlain Property Group · Data source: CREA DDF.

Description

Build your Okanagan dream home on this excellent cleared lake view lot in the peaceful Upper Killiney Beach area. Offering level access from the road and a gently sloping topography, this property is perfectly suited for a walkout basement design or a custom build tailored to your vision. Enjoy beautiful lake views and the privacy of a quiet neighbourhood, all while benefiting from ample off-street parking. With a fully usable 0.50 acre, there’s plenty of room to create the lifestyle you’ve been dreaming of — whether that includes a detached shop, beautifully landscaped gardens, outdoor entertaining areas, or additional parking for your boat or RV. Zoning permits a secondary suite, adding flexibility for extended family, guests, or potential rental income. As an added bonus, the adjacent lot is also available for purchase — secure additional privacy, expand your footprint, or hold as a future investment. A rare opportunity to own a spacious, build-ready lot in a serene lakeview setting. (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 SchoolElementary13.2 km
Okanagan Landing ElementaryElementary13.3 km
Ellison ElementaryElementary15.8 km
Clarence Fulton SecondaryElementary16.1 km
Davidson Road ElementaryElementary16.2 km
Mission Hill ElementaryElementary18.0 km
Kidston ElementaryElementary18.5 km
George Elliot SecondarySecondary18.9 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% ($11,125) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$178,000.00
Periodic payment — Principal & Interest (monthly)$1,148.40
Additional monthly expenses (strata, tax, utilities, etc.)$51.60
Total monthly cost$1,199.99
Interest paid over 5-yr term$51,015.31
Balance at end of term$160,111.58

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$11,125
Stress test qualifying rate8.09%
Payment you must qualify for$1,625.40

Cash Needed at Closing

Minimum down payment$11,125
Estimated BC PTT$2,450
Legal / closing costs (typical estimate)$1,500
Total cash needed$15,075

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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