7229 Douglas Lake Road
Westwold, BC V0E3B0
$1,400,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 58.56 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,794.72
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10354883
- Listed
- July 4, 2025
- Time on market
- On the market for 423 days
- Data last synced
- August 28, 2026
Listing provided by: B.C. Farm & Ranch Realty Corp. · Data source: CREA DDF.
Description
58.56 Acres – Agricultural/Industrial Zoned Land with Active Gravel Pit! An exceptional opportunity to own 58.56 acres in the heart of the Thompson/North Okanagan region. This operational gravel pit is centrally located in Westwold, just 5 minutes off Highway 97 and only 45 minutes from Kamloops. The site features excellent quality material, including abundant rock, meeting all MoTI and concrete aggregate specifications—making it ideal for a variety of construction and infrastructure projects. Strong volume output and high-demand aggregate make this a profitable, turnkey operation. Partially located within the Agricultural Land Reserve (ALR) and zoned AF-1, this property offers a unique combination of industrial utility and long-term investment potential. Don’t miss this rare chance to acquire a well-established resource operation in a strategic location! (id:63159)
Location Insights
Weather
Nearest station: Vernon
18°C
—
Humidity 66%
Wind ESE 16 km/h
Tonight
11°
Tuesday
27°
Tuesday night
14°
Wednesday
24°
Wednesday night
13°
Thursday
19°
Source: Environment and Climate Change Canada.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Westwold Elementary | Elementary | 5.5 km |
| Falkland Elementary Junior School | Elementary/Middle | 19.3 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: Kamloops-Thompson (SD73)
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No similar listings found nearby right now.
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Mortgage & Ownership Cost Calculator
Minimum required: 8.2% ($115,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.