Property Type: Land / LotOwnership: Freehold

8803 Adventure Bay Road

Vernon, BC V1H1E1

$319,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.09 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,487

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view, View of water, View (panoramic)

Listing Information

MLS®
10383195
Listed
April 13, 2026
Time on market
On the market for 140 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

Build your dream home on this choice lot just a stone's throw from Okanagan Lake... *bonus includes walk-to-the-lake access!* On this south-facing property, you'll get your fill of panoramic lake views and a quiet tranquil country setting, without giving up the convenience of being close to schools and shopping, just 10 minutes away. Get ready to take full advantage of the short 5 minute walk to lake access and 2 minute drive to a boat launch, not to mention the excellent hiking and biking right from your doorstep! Bring your own builder, this lot is ready to go. Check out the possibilities for this great Okanagan property today! (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 ElementaryElementary4.4 km
Ellison ElementaryElementary6.9 km
Clarence Fulton SecondaryElementary7.2 km
Mission Hill ElementaryElementary9.1 km
Alexis Park ElementaryElementary10.2 km
St James(Independent)Elementary10.4 km
Kidston ElementaryElementary10.5 km
Ecole Beairsto ElementaryElementary10.7 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% ($15,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$255,920.00
Periodic payment — Principal & Interest (monthly)$1,651.11
Additional monthly expenses (strata, tax, utilities, etc.)$123.92
Total monthly cost$1,775.03
Interest paid over 5-yr term$73,347.41
Balance at end of term$230,200.87

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,336.92

Cash Needed at Closing

Minimum down payment$15,995
Estimated BC PTT$4,398
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,893

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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