Property Type: Land / LotOwnership: Freehold

Lot 3 Sunnybrae Canoe Point Road

Tappen, BC V0E2X1

$699,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.27 acres
Frontage
110 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,557

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Listing Information

MLS®
10340722
Listed
March 27, 2025
Time on market
On the market for 522 days
Data last synced
August 28, 2026

Listing provided by: Homelife Salmon Arm Realty.Com · Data source: CREA DDF.

Description

Waterfront at its BEST!!!! A rare piece of undeveloped heaven on Shuswap Lake! This picturesque 0.27 acre waterfront property with 109 ft of frontage right on the shores of one of the best recreational lakes in Canada. Shuswap lake has over 1000 km of shoreline. It's crystal clear waters and perfect water temperatures all summer long make this lot the perfect spot to start those precious family memories. All approvals and permits are in place making this property truly shovel ready to start building your dream home or cabin. It's private setting, flat sandy beach, amazing views and sunny southern exposure makes this lot one of the best on the lake. It's ideally located only 10 minutes off the highway, just before Herald Provincial Park and 15 minute drive to Salmon Arm or 2 minute boat ride. Start your memories today! Call today for more information or to have a look at this amazing piece of the Shuswap. (id:63159)

Location Insights

Weather

Nearest station: Salmon Arm

16°C

Humidity 84%

Wind SSE 5 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
North Canoe ElementaryElementary3.7 km
Shuswap SDA(Independent)Elementary/Middle4.6 km
Salmon Arm SecondarySecondary7.9 km
Bastion ElementaryElementary8.3 km
Carlin Elementary MiddleElementary/Middle8.6 km
South Broadview ElementaryElementary8.8 km
King's Christian School(Independent)K-128.9 km
J.L. Jackson SecondarySecondary9.3 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-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,920.00
Periodic payment — Principal & Interest (monthly)$3,612.41
Additional monthly expenses (strata, tax, utilities, etc.)$213.08
Total monthly cost$3,825.50
Interest paid over 5-yr term$160,474.68
Balance at end of term$503,649.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,990
Stress test qualifying rate8.09%
Payment you must qualify for$5,036.03

Cash Needed at Closing

Minimum down payment$44,990
Estimated BC PTT$11,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,488

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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