Property Type: Land / LotOwnership: FreeholdNEW LISTING

8164 Okanagan Landing Road

Vernon, BC V1H1J4

$274,999

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.51 acres
Frontage
59 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$1,359

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Valley view

Building

Water source
Municipal water
Sewer
Municipal sewage system
Parcel ID (PID)
027-749-916

Listing Information

MLS®
10399024
Listed
August 28, 2026
Time on market
On the market for 3 days
Data last synced
August 29, 2026

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

Description

This is a great neighborhood and incredible value! Perched atop an exclusive 4-lot subdivision in gated Cimarron Estates, this exceptional 0.51-acre property offers breathtaking west-facing panoramic views of Okanagan Lake. Ideally located just beyond the Yacht Club and Paddlewheel Park, this premier lot captures stunning sunsets and uninterrupted lake vistas. Thoughtfully planned to complement the natural hillside setting, the property is perfectly suited for a custom home designed to maximize views from every room and level. Extensive site preparation has already been completed, with all services conveniently brought underground from the road to the lot—saving valuable time and cost for the future build. Zoned MUS allowing for a legal suite. (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
Okanagan Landing ElementaryElementary2.0 km
Ellison ElementaryElementary4.6 km
Clarence Fulton SecondaryElementary4.8 km
Mission Hill ElementaryElementary6.7 km
Kidston ElementaryElementary7.9 km
St James(Independent)Elementary8.1 km
Alexis Park ElementaryElementary8.1 km
Ecole Beairsto ElementaryElementary8.4 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: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$219,999.00
Periodic payment — Principal & Interest (monthly)$1,419.36
Additional monthly expenses (strata, tax, utilities, etc.)$113.25
Total monthly cost$1,532.61
Interest paid over 5-yr term$63,052.35
Balance at end of term$197,889.81

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.91

Cash Needed at Closing

Minimum down payment$13,750
Estimated BC PTT$3,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,750

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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