Property Type: OtherOwnership: Freehold

8900 Gilman Road

Summerland, BC V0H1Z2

$3,744,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
63.82 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$6,281.29

Interior

Fireplace
None

Exterior & Lot

View
City view, Lake view, Mountain view, Unknown
Lot features
Private setting, Sloping

Building

Water source
Municipal water
Sewer
No sewage system
Utilities
Water, Sewer, Electricity, Telephone
Parcel ID (PID)
011-052-929

Listing Information

MLS®
10376897
Listed
February 24, 2026
Time on market
On the market for 201 days
Data last synced
September 13, 2026

Listing provided by: RE/MAX Orchard Country · Data source: CREA DDF.

Description

Discover 64 acres of pristine, undeveloped land in the heart of South Okanagan, one of the region's best-kept secrets. This remarkable parcel, located outside the ALR, boasts breathtaking views of Okanagan Lake, Giants Head Mountain, and the surrounding vineyards, orchards. Just 4 km from downtown Summerland and minutes from local amenities, including golf courses and the Trans Canada Trail, this property offers incredible convenience paired with unmatched natural beauty. The gently rolling terrain is dotted with trees and provides numerous prime building sites to create your dream home or vision. Utilities, including water, gas, electricity, and phone, are conveniently available at the lot line. With its natural state and easy access, this property is not only an excellent holding investment but also offers potential for future development. Don’t miss this chance to own over 64 acres of spectacular land with endless possibilities and unparalleled views. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Summerland Rural average

$856/sqft

9 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

17°C

Humidity 36%

Wind W 14 km/h

Today

20°

Tonight

10°

Monday

23°

Monday night

11°

Tuesday

20°

Tuesday night

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
Unisus Senior School(Independent)Secondary1.0 km
Unisus Junior School(Independent)Elementary1.0 km
Summerland Montessori School(Independent)Elementary3.0 km
Summerland SecondaryK-123.6 km
Trout Creek ElementaryElementary3.7 km
Naramata ElementaryElementary6.7 km
West Bench ElementaryElementary8.3 km
Queens Park ElementaryElementary9.8 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: 20.0% ($748,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,995,200.00
Periodic payment — Principal & Interest (monthly)$19,324.01
Additional monthly expenses (strata, tax, utilities, etc.)$523.44
Total monthly cost$19,847.45
Interest paid over 5-yr term$858,432.93
Balance at end of term$2,694,192.09

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$748,800
Stress test qualifying rate8.09%
Payment you must qualify for$23,032.04

Cash Needed at Closing

Minimum down payment$748,800
Estimated BC PTT$105,200
Legal / closing costs (typical estimate)$1,500
Total cash needed$855,500

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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