Property Type: Land / LotOwnership: Freehold

SL 22 - 6528 Waterside Trail

Merritt, BC V1K0A1

$275,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.13 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$125/mo
Annual property tax
$1,009.93

Maintenance Fee Includes

Also included: Other, See Remarks

Interior

Fireplace
None

Exterior & Lot

View
Valley view

Restrictions & Policies

Rentals
Allowed

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

Listing Information

MLS®
10388563
Listed
May 22, 2026
Time on market
On the market for 101 days
Data last synced
August 28, 2026

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

Description

Waterfront! True low bank waterfront lot on Nicola Lake. Future home will back onto the lake with incredible views overlooking the water and hills behind. All services are to the property line. Buildable area of up to 2,730sq.ft, plans are available or design your own. Build your dream full-time, seasonal or rental home as short term rentals are allowed! Only 2.5 hrs from the Lower Mainland. Nicola Lakeshore Estates is a 39 lot bare land strata development with low monthly fees. Owners benefit from use of a shared boat launch and dock steps from the property. Several impressive houses on the street built recently. Close to golf at Sagebrush (#1 public course in BC) and a short scenic drive into Merritt! (id:63159)

Location Insights

Weather

16°C

Humidity 59%

Wind NE 5 km/h

Tonight

Tuesday

25°

Tuesday night

12°

Wednesday

21°

Wednesday night

Thursday

16°

Source: Environment and Climate Change Canada.

Population

7,051

(2021 Census)

-1.2% since 2016

Density: 270.8/km²

Dwellings: 3,149

Median household income: $70,000

After-tax: $64,000

Immigrant population: 9.6%

Top countries of origin (% of total population)

  • India2.3% · 160
  • United States of America1% · 70
  • United Kingdom0.9% · 65
  • Philippines0.8% · 55
  • Korea, South0.5% · 35
  • Italy0.4% · 25
  • Netherlands0.4% · 25
  • South Africa, Republic of0.3% · 20

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
N'kwala School(Independent)K-1216.8 km
Merritt Bench ElementaryElementary20.8 km
Nicola Canford ElementaryElementary21.4 km
Kengard Alternate SchoolSecondary21.4 km
Diamond Vale ElementaryElementary21.6 km
Merritt Central ElementaryElementary22.5 km
Merritt SecondaryElementary22.6 km
Collettville ElementaryElementary23.5 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: Nicola-Similkameen (SD58)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($13,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$220,000.00
Periodic payment — Principal & Interest (monthly)$1,419.37
Additional monthly expenses (strata, tax, utilities, etc.)$209.16
Total monthly cost$1,628.53
Interest paid over 5-yr term$63,052.63
Balance at end of term$197,890.71

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,008.92

Cash Needed at Closing

Minimum down payment$13,750
Estimated BC PTT$3,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,750

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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