About this home

Excellent investment opportunity in a desirable Merritt neighbourhood. This spacious approximately 3000 sq.ft. home offers plenty of room for a growing family while providing excellent revenue potential with a self-contained 2 bedroom basement suite. The main floor features 3 generous bedrooms, an open concept layout and a functional kitchen with oak cabinetry. The large family room offers an abundance of living space, making it ideal for entertaining or family gatherings. The ground level basement includes a vacant 2 bedroom suite with new flooring and a spacious 5 pce bathroom, providing flexibility for potential rental income, extended family or owner occupancy. Outside, you'll find a large sundeck overlooking the backyard, a garden area for those with a green thump, and a newly installed fenced for added privacy. Conveniently location in a good area of Merritt, this property offers both comfortable living and strong investment potential.

Property details

5

Beds

3 full

Baths

3,100 ft²

Floor area

1996

Year built

2

Storeys

1

Parking

$4,497/yr

Gross tax

Location & structure

Single Family

Type

Yes

Garage

Merritt

Area

Multi-level

Style

Listed

July 10, 2026

Style

Multi-level

Structure

House

PID

005-959-292

Property highlights

Private yard

Features & inclusions

Appliances

Refrigerator, Range - Electric

Heating

Forced air, See remarks

Flooring

Mixed Flooring

Roof

Asphalt shingle, Unknown

Parking

Attached Garage

Lot

Two Balconies

Additional details

Common interest

Freehold

Nearby & Commute

19 min

walk to Save-On-Foods

5h 30m

bike to Ebus

18h 17m

walk to Ebus

7h 35m

drive to downtown Vancouver

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Detached · 54%

Documents and due diligence

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Property disclosure statement

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Title search

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Inspection reports

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Building and renovation permits

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Survey or site plan

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Financial overview

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Monthly ownership costs

Estimated monthly total

Calculated estimate

$2,837

Principal and interest

Calculated estimate

$2,312

Property tax

Listing data

$375/mo

Home insurance

Assumption

$150/mo

Purchase snapshot

List price

Listing data

$499,900

Down payment

Calculated estimate

$99,980 (20%)

Estimated mortgage

Calculated estimate

$399,920

Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.

Mortgage estimate

Tax from listing

Est. monthly total

$2,837

/mo

Rate

%

Amortization

Principal and interest

$2,312

Property tax

$375

P&I

Tax

Down payment

$99,980 (20%)

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This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $99,980 down (20%) on $499,900, Canadian semi-annual compounding. Property tax sourced from listing. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.

Detached	66	53.7%
Land	33	26.8%
Townhouse	7	5.7%
Mobile home	6	4.9%
Other	4	3.3%
Other	7	5.7%

$15,000 to $19,999	10	4.9%
$20,000 to $24,999	10	4.9%
$30,000 to $34,999	10	4.9%
$35,000 to $39,999	10	4.9%
$40,000 to $44,999	5	2.4%
$45,000 to $49,999	10	4.9%
$50,000 to $59,999	20	9.8%
$60,000 to $69,999	20	9.8%
$70,000 to $79,999	10	4.9%
$80,000 to $89,999	10	4.9%
$90,000 to $99,999	5	2.4%
$100,000 to $124,999	30	14.6%
$125,000 to $149,999	20	9.8%
$150,000 to $199,999	20	9.8%
$200,000 and over	15	7.3%

Detached	66	53.7%
Land	33	26.8%
Townhouse	7	5.7%
Mobile home	6	4.9%
Other	4	3.3%
Other	7	5.7%

$15,000 to $19,999	10	4.9%
$20,000 to $24,999	10	4.9%
$30,000 to $34,999	10	4.9%
$35,000 to $39,999	10	4.9%
$40,000 to $44,999	5	2.4%
$45,000 to $49,999	10	4.9%
$50,000 to $59,999	20	9.8%
$60,000 to $69,999	20	9.8%
$70,000 to $79,999	10	4.9%
$80,000 to $89,999	10	4.9%
$90,000 to $99,999	5	2.4%
$100,000 to $124,999	30	14.6%
$125,000 to $149,999	20	9.8%
$150,000 to $199,999	20	9.8%
$200,000 and over	15	7.3%

1407 Fir Avenue

1407 Fir Avenue

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