Property Type: Land / LotOwnership: Freehold

Lot 5 Westside Road

Vernon, BC V1H2E8

$199,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.28 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$721

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Restrictions & Policies

Pets
Allowed

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

Listing Information

MLS®
10383071
Listed
April 11, 2026
Time on market
On the market for 142 days
Data last synced
August 28, 2026

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

Description

Imagine waking up each morning to uninterrupted views of Okanagan Lake, the sun rising over the water, and the quiet calm of nature surrounding you—yet still being just minutes from everything Vernon has to offer. Lot 5 Westside Road is more than just a piece of land—it’s a rare opportunity to bring your vision to life without starting from scratch. Set on a gently sloped 0.28 acre parcel, this property offers the ideal canvas for a custom home designed to maximize both privacy and breathtaking, unobstructed lake views. With the natural topography lending itself perfectly to a rancher with walkout design, the groundwork for something truly special is already in place. Even better, building doesn’t have to be overwhelming—plans are already available, and a builder is ready, allowing you to move forward with confidence. Step outside your future front door and into the Okanagan lifestyle. Spend your days at nearby lake access points, swimming, boating, or enjoying the surrounding trails. This is your chance to build exactly what you want—without compromise. (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
Oyama Traditional SchoolElementary12.3 km
Okanagan Landing ElementaryElementary13.8 km
Davidson Road ElementaryElementary14.9 km
Ellison ElementaryElementary16.3 km
Clarence Fulton SecondaryElementary16.6 km
George Elliot SecondarySecondary17.6 km
HS Grenda Middle SchoolMiddle17.8 km
Peter Greer ElementaryElementary17.9 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: Central Okanagan (SD23)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$159,920.00
Periodic payment — Principal & Interest (monthly)$1,031.75
Additional monthly expenses (strata, tax, utilities, etc.)$60.08
Total monthly cost$1,091.83
Interest paid over 5-yr term$45,833.53
Balance at end of term$143,848.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,995
Stress test qualifying rate8.09%
Payment you must qualify for$1,460.30

Cash Needed at Closing

Minimum down payment$9,995
Estimated BC PTT$1,999
Legal / closing costs (typical estimate)$1,500
Total cash needed$13,494

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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