Property Type: Land / LotOwnership: Freehold

8031 Silver Star Road

Vernon, BC V1B3N1

$449,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
5.01 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$855.61

Interior

Fireplace
None

Listing Information

MLS®
10384298
Listed
April 22, 2026
Time on market
On the market for 131 days
Data last synced
August 28, 2026

Listing provided by: Macdonald Realty · Data source: CREA DDF.

Description

Build your dream home on this beautiful 5 acre treed property, offering a peaceful and private setting just 15 minutes from Vernon and 25 minutes to Silver Star Mountain. With a usable landscape and natural surroundings, this is a blank canvas waiting for your vision to come to life. Utilities are available at the lot line. Surrounded by nature and set in a quiet location, this property offers the space and flexibility to create something truly your own. If you’ve been craving privacy, room to breathe, and the opportunity to build from the ground up, this is an opportunity worth exploring. (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
B X ElementaryElementary5.1 km
Vernon Christian School(Independent)K-125.2 km
Pleasant Valley Christian Academy(Independent)Elementary/Middle7.6 km
Harwood ElementaryElementary7.9 km
Silver Star ElementaryElementary8.2 km
W.L. Seaton SecondarySecondary8.7 km
Hillview ElementaryElementary8.8 km
Ecole Beairsto ElementaryElementary9.1 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($22,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$359,920.00
Periodic payment — Principal & Interest (monthly)$2,322.08
Additional monthly expenses (strata, tax, utilities, etc.)$71.30
Total monthly cost$2,393.38
Interest paid over 5-yr term$103,154.11
Balance at end of term$323,749.20

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$22,495
Stress test qualifying rate8.09%
Payment you must qualify for$3,286.59

Cash Needed at Closing

Minimum down payment$22,495
Estimated BC PTT$6,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$30,993

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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