Property Type: Land / LotOwnership: Freehold

8588 Black Mountain Road

Chase, BC V0E1M0

$319,500

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Property Details

Property & Lot

Sub-type
Other
Lot size
5.05 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$688.23

Interior

Fireplace
None

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10397053
Listed
August 7, 2026
Time on market
On the market for 24 days
Data last synced
August 28, 2026

Listing provided by: Fair Realty (Sorrento) · Data source: CREA DDF.

Description

Escape to the peace and privacy of beautiful Turtle Valley with this exceptional 5-acre rural property. Located at the very end of a quiet dead-end road, this unique parcel borders Crown land along both the rear and east property lines, creating an incredible sense of space, seclusion, and direct access to nature. Just minutes from the Trans-Canada Highway, Chase, and Sorrento, you'll enjoy the best of rural living without sacrificing convenience. Outside the ALR, the property offers excellent flexibility for your future plans. A deep drilled well is located on the shared boundary with the neighbouring property, with registered water rights benefiting this parcel, while power is available at the road for an easy start to building. The property features several low-gradient building sites, offering excellent options for positioning your future home to take advantage of the surrounding mountain views. A diverse mix of mature trees provides privacy while preserving the natural beauty of the landscape. Turtle Valley is one of the Shuswap's most scenic rural communities, known for its rolling meadows, mature aspens, country acreages, and equestrian properties. Whether you're planning a country home, hobby farm, horse property, or simply a quiet retreat surrounded by nature, this remarkable property offers the opportunity to create the lifestyle you've been dreaming of. (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 ElementaryElementary7.2 km
Haldane ElementaryElementary10.6 km
Chase Elementary-SecondaryElementary10.7 km
Carlin Elementary MiddleElementary/Middle15.5 km
North Shuswap ElementaryElementary/Middle18.4 km
Salmon Arm West ElementaryElementary20.7 km
Shuswap SDA(Independent)Elementary/Middle22.7 km
Salmon Arm StorefrontSecondary23.2 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% ($15,975) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$255,600.00
Periodic payment — Principal & Interest (monthly)$1,649.04
Additional monthly expenses (strata, tax, utilities, etc.)$57.35
Total monthly cost$1,706.40
Interest paid over 5-yr term$73,255.69
Balance at end of term$229,913.03

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,975
Stress test qualifying rate8.09%
Payment you must qualify for$2,334.00

Cash Needed at Closing

Minimum down payment$15,975
Estimated BC PTT$4,390
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,865

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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