Property Type: Land / LotOwnership: Freehold

8569 BLACK MOUNTAIN Road

Chase, BC V0E1M0

$345,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
5.03 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$700

Interior

Heating
No heat
Fireplace
None

Exterior & Lot

Waterfront
Waterfront on creek

Listing Information

MLS®
180815
Listed
September 9, 2024
Time on market
On the market for 721 days
Data last synced
August 28, 2026

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

Description

BEAUTIFUL ACREAGE IN A PEACEFUL SETTING. Come take a look at this lovely, sunny 5 acre parcel located in Turtle Valley between Salmon Arm and Chase. Shallow well that would be idea for irrigation. Mostly treed on a quiet no-through road. Roughed in driveway and elevated building site. Year round creek runs through the property. Only 40 minutes to Salmon Arm, 20 minutes from Chase and 50 minutes from Kamloops. Hydro available at the lot line. Fences on 2 sides. Your dream home on this gorgeous 5 acres could be a reality. (id:63159)

Location Insights

Weather

Nearest station: Salmon Arm

16°C

Humidity 84%

Wind SSE 5 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
Sorrento ElementaryElementary7.5 km
Haldane ElementaryElementary10.2 km
Chase Elementary-SecondaryElementary10.3 km
Carlin Elementary MiddleElementary/Middle15.9 km
North Shuswap ElementaryElementary/Middle18.6 km
Salmon Arm West ElementaryElementary21.0 km
Shuswap SDA(Independent)Elementary/Middle23.1 km
Salmon Arm StorefrontSecondary23.5 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$276,000.00
Periodic payment — Principal & Interest (monthly)$1,780.66
Additional monthly expenses (strata, tax, utilities, etc.)$58.33
Total monthly cost$1,838.99
Interest paid over 5-yr term$79,102.39
Balance at end of term$248,262.89

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,250
Stress test qualifying rate8.09%
Payment you must qualify for$2,520.28

Cash Needed at Closing

Minimum down payment$17,250
Estimated BC PTT$4,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,650

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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