Property Type: Land / LotOwnership: Freehold

Lot 8 - 105 Benchlands Drive

Naramata, BC V0H1N1

$699,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.82 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,278.24

Interior

Fireplace
None

Exterior & Lot

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

Listing Information

MLS®
10366273
Listed
October 20, 2025
Time on market
On the market for 315 days
Data last synced
August 28, 2026

Listing provided by: Engel & Volkers South Okanagan · Data source: CREA DDF.

Description

Welcome to the Naramata Bench - one of the South Okanagan’s most sought-after destinations, known for its breathtaking lake views, sprawling vineyards, and world-class wineries. This vacant lot offers the rare opportunity to design and build your custom home in a community that truly captures the best of Okanagan living. Enjoy panoramic views of Okanagan Lake and easy access to a network of scenic trails and recreation right from your doorstep. Each lot in this development is zoned for a secondary dwelling, allowing for a carriage home, guest suite, or short-term rental - an ideal way to enhance lifestyle or investment potential. Lot 8 is a corner lot at the entrance of the development, 0.80 acres ready to build your Okanagan dream home. Craft your ideal design, and choose your preferred builder. Situated just minutes from schools, local shops, and the charming village of Naramata, this neighbourhood blends tranquility with convenience. Whether you’re envisioning a modern Okanagan estate or a cozy lake house retreat, this property offers the perfect canvas to bring your vision to life. All measurements are approximate. (id:63159)

Location Insights

Weather

Nearest station: Summerland

17°C

Humidity 56%

Wind SW 4 km/h

Tonight

12°

Tuesday

27°

Tuesday night

15°

Wednesday

24°

Wednesday night

13°

Thursday

19°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Naramata ElementaryElementary2.2 km
Trout Creek ElementaryElementary4.9 km
Unisus Senior School(Independent)Secondary8.3 km
Unisus Junior School(Independent)Elementary8.3 km
Summerland SecondaryK-128.5 km
Summerland Montessori School(Independent)Elementary8.7 km
Uplands ElementaryElementary9.9 km
Queens Park ElementaryElementary10.9 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: Okanagan-Skaha (SD67)

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.)$189.85
Total monthly cost$3,802.27
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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