Property Type: Land / LotOwnership: Freehold

8404 SKIMIKIN Road

Chase, BC V0E1M0

$989,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
20 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,513.19

Interior

Fireplace
None

Listing Information

MLS®
10384603
Listed
April 23, 2026
Time on market
On the market for 130 days
Data last synced
August 28, 2026

Listing provided by: REMAX Shuswap · Data source: CREA DDF.

Description

In Turtle Valley, this 20-acre parcel offers a sand and gravel extraction opportunity. This parcel includes a 5.0 ha mining area, approved by the Agricultural Land Commission (ALC) and the Ministry of Energy and Mines (MEM). The ALC granted approval for 4.5 ha within the ALR on June 29, 2017, and the MEM issued Mine Permit G-4-344 on March 26, 2018. This permit allows the extraction of 636,000 tonnes of sand and gravel at an annual rate of 100,000 tonnes, with extraction depth limited to 22 meters to ensure efficient land reclamation. This parcel is production-ready with potential for further exploration on the remaining 7+ acres. A data package pertaining to the property is available upon request. (id:63159)

Location Insights

Weather

Nearest station: Salmon Arm

13°C

Humidity 91%

Wind S 2 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Population

2,399

(2021 Census)

+4.9% since 2016

Density: 639.7/km²

Dwellings: 1,249

Median household income: $60,400

After-tax: $56,400

Immigrant population: 10.9%

Top countries of origin (% of total population)

  • United Kingdom3.5% · 85
  • Germany2.5% · 60
  • United States of America1.7% · 40
  • Hong Kong0.8% · 20
  • Korea, South0.6% · 15
  • China0.4% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Haldane ElementaryElementary9.1 km
Chase Elementary-SecondaryElementary9.2 km
Sorrento ElementaryElementary9.2 km
Carlin Elementary MiddleElementary/Middle16.9 km
North Shuswap ElementaryElementary/Middle20.3 km
Salmon Arm West ElementaryElementary20.8 km
Salmon Arm StorefrontSecondary23.5 km
Shuswap SDA(Independent)Elementary/Middle23.5 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: Kamloops-Thompson (SD73)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($73,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$791,200.00
Periodic payment — Principal & Interest (monthly)$5,104.55
Additional monthly expenses (strata, tax, utilities, etc.)$126.10
Total monthly cost$5,230.65
Interest paid over 5-yr term$226,760.19
Balance at end of term$711,686.96

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$73,900
Stress test qualifying rate8.09%
Payment you must qualify for$7,036.80

Cash Needed at Closing

Minimum down payment$73,900
Estimated BC PTT$17,780
Legal / closing costs (typical estimate)$1,500
Total cash needed$93,180

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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