Property Type: Land / LotOwnership: Freehold

9102/9104/Lot 3 of 9108 Mackie Drive

Coldstream, BC V1B1H1

$6,500,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
16.94 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$9,166

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, River view
Waterfront
Waterfront on creek

Restrictions & Policies

Pets
Allowed
Age / occupancy
Seniors-oriented community

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

Listing Information

MLS®
10396687
Listed
August 5, 2026
Time on market
On the market for 26 days
Data last synced
August 28, 2026

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

Description

'Senior Living' development property opportunity! This rare offering includes 3 Titles, within the existing (approx. 22 acre) parent property know as Coldstream Meadows. Approx. 8.1 acres of the Land is vacant land, the rest is access & amenities. The zoning is RCD2 - in the desirable North Okanagan, Municipality of Coldstream, & is a site specific zoning that was created to accommodate a Senior's Campus of Care concept w/ Independent Living, Assisted Living, & future Complex Care facilities. This land is unique, mostly flat, & in a beautiful Rural setting, yet only minutes away from urban development. It is located in the ALR, (Agricultural Land Reserve) but due to its long history of institutional use, that pre-dates the ALR, it has received approval, in 2021 (ALC Resolution #371/2021) for a non-farm use, to build up to 463 residential units for seniors care and seniors housing. There are currently 75 (privately owned) residential 55+ strata units, that were built between 2009 and now (these are not for sale ), but the vacant land, & other amenities portions, are being sold by Court Ordered Sale. With zoning approval from Coldstream, a future expansion of up to 388 more residential seniors housing & senior care units, is possible, to bring the total residential units, as approved by the ALC decision, up to a maximum of 463 units. There is currently a great need for quality seniors care & housing, & the NEW Coldstream Meadows has the potential to provide that and more! (id:63159)

Location Insights

Weather

Nearest station: Vernon

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

11,171

(2021 Census)

+4.9% since 2016

Density: 167.8/km²

Dwellings: 4,341

Median household income: $110,000

After-tax: $97,000

Immigrant population: 11.4%

Top countries of origin (% of total population)

  • United Kingdom2.4% · 265
  • Germany1.3% · 150
  • United States of America0.8% · 90
  • India0.7% · 75
  • South Africa, Republic of0.5% · 60
  • Poland0.4% · 50
  • Netherlands0.4% · 40
  • China0.3% · 35

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Coldstream ElementaryElementary1.3 km
Kalamalka SecondaryElementary2.5 km
Kidston ElementaryElementary3.1 km
Hillview ElementaryElementary4.4 km
Alternative Learning ProgramSecondary4.5 km
Vernon SecondaryElementary5.1 km
Silver Star ElementaryElementary6.0 km
St James(Independent)Elementary6.1 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.

Nearby Places

Restaurants (1)

  • Friesen's Country Tyme Garden600 m

Nearby places data: © OpenStreetMap contributors.

School district: Vernon (SD22)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($1,300,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$5,200,000.00
Periodic payment — Principal & Interest (monthly)$33,548.64
Additional monthly expenses (strata, tax, utilities, etc.)$763.83
Total monthly cost$34,312.47
Interest paid over 5-yr term$1,490,334.95
Balance at end of term$4,677,416.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,300,000
Stress test qualifying rate8.09%
Payment you must qualify for$39,986.18

Cash Needed at Closing

Minimum down payment$1,300,000
Estimated BC PTT$243,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,544,500

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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