Property Type: Land / LotOwnership: Freehold

9728 Aberdeen Road

Coldstream, BC V1B2K9

$7,500,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
7.78 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$6,601

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®
10386856
Listed
May 11, 2026
Time on market
On the market for 112 days
Data last synced
August 28, 2026

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

Description

7.78 acres of flat, prime residential development land ! Already zoned R-12 and approved for 64 Townhouses. Ready for your shovels in the ground. Desirable Coldstream neighbourhood, minutes away from schools, parks, and downtown Vernon. This parcel is out of the ALR ( has been for years) and offers the rare opportunity for a builder to own and develop a prime piece of desirable flat real estate, in a gorgeous rural setting. Perfect for a seniors complex, or for all ages townhomes. Vibe Developments has already started the Development Permit Application with the Municipality of Coldstream, 24-002 DP at Civic Address: 9728 Aberdeen Road. The Development Permit tis o allow for the construction of 64 ground-orientated multi-family residential dwelling units within a strata subdivision. The Survey, and Architectural Diagrams are available from the Listing Agent, and will be shared with qualified interested Buyers, with the signing of an NDA. (id:63159)

Location Insights

Weather

Nearest station: Vernon

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

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.

Nearby Schools

SchoolTypeDistance
Coldstream ElementaryElementary1.8 km
Hillview ElementaryElementary1.9 km
Alternative Learning ProgramSecondary1.9 km
Kalamalka SecondaryElementary2.2 km
Vernon SecondaryElementary2.5 km
Kidston ElementaryElementary2.6 km
Silver Star ElementaryElementary3.4 km
St James(Independent)Elementary3.6 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)

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Mortgage & Ownership Cost Calculator

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

Financial Ledger

Net mortgage (loan + CMHC insurance)$6,000,000.00
Periodic payment — Principal & Interest (monthly)$38,709.96
Additional monthly expenses (strata, tax, utilities, etc.)$550.08
Total monthly cost$39,260.05
Interest paid over 5-yr term$1,719,617.25
Balance at end of term$5,397,019.41

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$1,500,000
Stress test qualifying rate8.09%
Payment you must qualify for$46,137.90

Cash Needed at Closing

Minimum down payment$1,500,000
Estimated BC PTT$293,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$1,794,500

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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