Property Type: Land / LotOwnership: Freehold

74 Elliott Road

Vernon, BC V1H2E4

$279,000

Get Directions

Property Details

Property & Lot

Sub-type
Other
Lot size
0.38 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$782.81

Interior

Fireplace
None

Exterior & Lot

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

Listing Information

MLS®
10375274
Listed
February 7, 2026
Time on market
On the market for 205 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon Salt Fowler · Data source: CREA DDF.

Description

PRICE REDUCED! SELLING BELOW COST! Developer wants to sell below his cost... purchased at $251K... considerable costs (approximately $45,000) put into land and improvements...Road carved out, Building Foundation cleaned up, Trees removed to improve the view from the future house Deck, plus an address Boulder put in place. FOR SALE TODAY AT $279k. September it goes back up to $345K. This is your opportunity to build your dream home on a prime 0.38-acre lot in the desirable Estamont area of Westside Road, offering breathtaking 180-degree views of Okanagan Lake. This lot already features a front driveway and a house-building pad at the top of the property that is perfectly positioned to capture the incredible views, with a gentle slope that is ideal for a walk- out basement. The property also includes two concrete retaining walls that offer extra parking or space for gardens & there are utilities in place, including a power pole for easy power line transfer, a septic system, and a waterline connection. This property is just a 2-minute walk to a semi-private beach and boat launch for those sunny summer lake days, with a boat buoy available for water enthusiasts too! Come and see what this fantastic location can offer you today! (id:63159)

Location Insights

Weather

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.

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 SchoolElementary12.2 km
Okanagan Landing ElementaryElementary13.7 km
Davidson Road ElementaryElementary14.9 km
Ellison ElementaryElementary16.3 km
Clarence Fulton SecondaryElementary16.5 km
George Elliot SecondarySecondary17.5 km
HS Grenda Middle SchoolMiddle17.7 km
Peter Greer ElementaryElementary17.8 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% ($13,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$223,200.00
Periodic payment — Principal & Interest (monthly)$1,440.01
Additional monthly expenses (strata, tax, utilities, etc.)$65.23
Total monthly cost$1,505.24
Interest paid over 5-yr term$63,969.76
Balance at end of term$200,769.12

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,038.14

Cash Needed at Closing

Minimum down payment$13,950
Estimated BC PTT$3,580
Legal / closing costs (typical estimate)$1,500
Total cash needed$19,030

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.

Request more information