8008 Wallace Road
Vernon, BC V1B3N2
$579,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 8.4 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $1,142.69
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10389069
- Listed
- May 27, 2026
- Time on market
- On the market for 96 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty (Kelowna) · Data source: CREA DDF.
Description
Build your dream home on this picturesque 8+ acre property nestled in the highly desirable North BX area. Offering the perfect blend of space, privacy, and natural beauty, this property provides an incredible canvas to design the lifestyle you’ve always envisioned. Whether you imagine a custom-built estate or a peaceful country home surrounded by nature with room to roam, the possibilities here are endless. Surrounded by trees and open space, you’ll enjoy the serenity of rural living while still being just 10 minutes from downtown Vernon and everyday amenities. BX Elementary School is conveniently located at the base of the hill, with school bus pickup at the corner of Wallace and Silver Star Road, making this a wonderful option for families seeking both space and convenience. For outdoor enthusiasts, the location is truly exceptional. You’re only 15 minutes from Silver Star Mountain Resort and Sovereign Lake Nordic Centre, offering world-class skiing, snowboarding, snowshoeing in the winter and mountain bike parks during the summer months. In the warmer seasons, enjoy the best of the Okanagan lifestyle with nearby beaches, endless hiking, walking, and biking trails, and easy access to the incredible Okanagan Rail Trail. If you’ve been dreaming of building a home that allows you to live closer to nature while still being connected to the community, this beautiful acreage offers the rare opportunity to make that vision a reality. (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
| School | Type | Distance |
|---|---|---|
| B X Elementary | Elementary | 4.1 km |
| Vernon Christian School(Independent) | K-12 | 4.4 km |
| Pleasant Valley Christian Academy(Independent) | Elementary/Middle | 6.7 km |
| Harwood Elementary | Elementary | 7.0 km |
| Silver Star Elementary | Elementary | 7.3 km |
| W.L. Seaton Secondary | Secondary | 7.7 km |
| Hillview Elementary | Elementary | 7.9 km |
| Ecole Beairsto Elementary | Elementary | 8.2 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: Vernon (SD22)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.7% ($32,900) — 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.