Property Type: Land / LotOwnership: Freehold

8208 PRINCETON SUMMERLAND Road Lot# 2

Summerland, BC V0H1Z8

$399,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
5.04 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,020

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10377641
Listed
March 3, 2026
Time on market
On the market for 181 days
Data last synced
August 28, 2026

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

Description

Step into a world of natural beauty and boundless possibility. From the moment you arrive, you’ll be captivated by the breathtaking surroundings and the peaceful atmosphere that defines this exceptional property. Set on 5.04 private acres bordered by Crown Land, it offers a rare opportunity for outdoor enthusiasts seeking space, serenity, and adventure. With a private well and electricity already in place, the groundwork is set for your dream home combining everyday convenience with the tranquility of country living. Just moments from the renowned Kettle Valley Rail Trail (KVR Trail), you’ll enjoy easy access to horseback riding, hiking, quad riding, and dirt biking right at your doorstep. Soak in sweeping mountain views, breathe in the fresh air, and relish the privacy this expansive parcel provides ample room to design and build a residence that truly reflects your vision. All this, just a five-minute drive from the city centre, making it as practical as it is picturesque. Whether you’re looking to establish roots or embrace a quieter pace of life, this remarkable property is your blank canvas. Seize the opportunity to create a home that’s uniquely yours and turn your dream into reality. (id:63159)

Location Insights

Weather

16°C

Humidity 59%

Wind W 8 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Population

12,042

(2021 Census)

+3.7% since 2016

Density: 162.6/km²

Dwellings: 5,426

Median household income: $82,000

After-tax: $74,000

Immigrant population: 12.2%

Top countries of origin (% of total population)

  • United Kingdom3.3% · 395
  • Germany1% · 125
  • India0.9% · 110
  • United States of America0.8% · 95
  • Netherlands0.7% · 85
  • Poland0.4% · 50
  • Hungary0.3% · 40
  • Philippines0.3% · 40

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Summerland Montessori School(Independent)Elementary6.9 km
Summerland SecondaryK-127.1 km
Unisus Junior School(Independent)Elementary8.0 km
Unisus Senior School(Independent)Secondary8.0 km
Trout Creek ElementaryElementary11.8 km
Naramata ElementaryElementary13.4 km
West Bench ElementaryElementary16.1 km
Queens Park ElementaryElementary18.0 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: Okanagan-Skaha (SD67)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$251.67
Total monthly cost$2,311.04
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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