Property Type: Land / LotOwnership: Freehold

7160 97-A Highway

Grindrod, BC V0E2K0

$840,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
24.74 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$101

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, Valley view
Waterfront
Waterfront on river

Listing Information

MLS®
10319913
Listed
July 18, 2024
Time on market
On the market for 774 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

24.74 acres of farmland with irrigation Water License on the Shuswap River for 21.5 acre feet with approximately 2000 ft of river frontage. Currently planted to field corn this property is located in the farming community of Enderby/Grindrod in the North Okanagan. Excellent land ready for your home and farming ideas. Hydro electric lines are available at the property line. Bring your ideas for your home, hobby farm or expand your current farming operation. Land currently irrigated by the neighbour's system, once purchased the buyer would be required to establish their own water works on the property and river. (id:63159)

Location Insights

Weather

Nearest station: Salmon Arm

13°C

Humidity 91%

Wind S 2 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Grindrod ElementaryElementary2.5 km
Mountain View Christian(Independent)Elementary/Middle6.4 km
Ranchero Elementary JuniorElementary/Middle6.5 km
South CanoeElementary/Middle9.8 km
A.L. Fortune SecondaryK-129.8 km
M.V. Beattie ElementaryElementary10.4 km
Shuswap Middle SchoolMiddle12.2 km
South Broadview ElementaryElementary12.4 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-Shuswap (SD83)

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Mortgage & Ownership Cost Calculator

Minimum required: 7.0% ($59,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$672,000.00
Periodic payment — Principal & Interest (monthly)$4,335.52
Additional monthly expenses (strata, tax, utilities, etc.)$8.42
Total monthly cost$4,343.93
Interest paid over 5-yr term$192,597.13
Balance at end of term$604,466.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$59,000
Stress test qualifying rate8.09%
Payment you must qualify for$6,005.62

Cash Needed at Closing

Minimum down payment$59,000
Estimated BC PTT$14,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$75,300

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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