Property Type: Land / LotOwnership: Freehold

8948 Hampshire Crescent

Vernon, BC V1H2K9

$349,900

Get Directions

Property Details

Property & Lot

Sub-type
Other
Lot size
0.26 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,166

Interior

Fireplace
None

Exterior & Lot

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

Listing Information

MLS®
10397123
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Vernon Salt Fowler · Data source: CREA DDF.

Description

Some properties are more than dirt and boundary lines — they're a beginning. At 8948 Hampshire Crescent, tucked into Vernon's coveted Adventure Bay, a rare flat 0.27-acre lot waits for someone ready to build a life around a view like this one. Most homesites on this hillside demand retaining walls and engineered foundations just to level the ground beneath them. This one doesn't. It's already flat, already facing the shimmering blue expanse of Okanagan Lake, already surrounded by architect-designed homes that chose this street for exactly the reason you're reading this today. Picture your first morning here: coffee in hand, mist rising off the water, the hills across the lake slowly catching the light. Picture evenings on a deck that doesn't exist yet, watching the sun sink behind the mountains while the lights of Sparkling Hill begin to twinkle on the far shore. This is a canvas, not a compromise — a paved, curbed street with sidewalks and lighting already in place, and a flat, buildable pad that means more of your budget goes into the home you love, not the ground it sits on. Close to golf, wineries, beaches, and everything the Okanagan lifestyle promises, homesites like this rarely stay available for long. (id:63159)

Location Insights

Weather

16°C

Humidity 69%

Wind ESE 14 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 ElementaryElementary4.3 km
Ellison ElementaryElementary6.7 km
Clarence Fulton SecondaryElementary7.0 km
Mission Hill ElementaryElementary9.0 km
Alexis Park ElementaryElementary10.0 km
St James(Independent)Elementary10.2 km
Ecole Beairsto ElementaryElementary10.4 km
Kidston ElementaryElementary10.5 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: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($17,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$279,920.00
Periodic payment — Principal & Interest (monthly)$1,805.95
Additional monthly expenses (strata, tax, utilities, etc.)$180.50
Total monthly cost$1,986.45
Interest paid over 5-yr term$80,225.88
Balance at end of term$251,788.95

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$17,495
Stress test qualifying rate8.09%
Payment you must qualify for$2,556.08

Cash Needed at Closing

Minimum down payment$17,495
Estimated BC PTT$4,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$23,993

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.

Request more information