Merritt · V1K1L3
$1,699/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
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You're looking for that perfect building lot, 1550 Walnut Ave is a 15,000 sqft lot with R1 zoning, but also has a MASSIVE 1300 sqft detached shop! This is a prime opportunity for multi generational living, or a great spot for a home based business. The shop is big enough for that bus of an RV you have, boat, ATV, dirt bikes or all of the above! The other bonus of this location is the flat and prepped lot, you're on a dead end road, river just out your front door, and next door to a lot zoned for a future park. It also stayed high and dry in the flood. There's a bright future ahead here, with the opportunity to buy the neighboring lot for 1542 Walnut as well. Buy the lots together or separate - either way it's a great investment!
Vacant Land
Type
Merritt
Area
Listed
April 20, 2026
Nearby & Commute
14 min
walk to Save-On-Foods
5h 29m
bike to Ebus
18h 15m
walk to Ebus
7h 36m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 55%
| Detached | 70 | 55.1% |
| Land | 32 | 25.2% |
| Townhouse | 8 | 6.3% |
| Mobile home | 6 | 4.7% |
| Other | 5 | 3.9% |
| Other | 6 | 4.7% |
| $10,000 to $14,999 | 5 | 2.0% |
| $20,000 to $24,999 | 15 | 6.1% |
| $25,000 to $29,999 | 15 | 6.1% |
| $30,000 to $34,999 | 15 | 6.1% |
| $35,000 to $39,999 | 15 | 6.1% |
| $40,000 to $44,999 | 10 | 4.1% |
| $45,000 to $49,999 | 15 | 6.1% |
| $50,000 to $59,999 | 20 | 8.2% |
| $60,000 to $69,999 | 20 | 8.2% |
| $70,000 to $79,999 | 20 | 8.2% |
| $80,000 to $89,999 | 15 | 6.1% |
| $90,000 to $99,999 | 10 | 4.1% |
| $100,000 to $124,999 | 20 | 8.2% |
| $125,000 to $149,999 | 25 | 10.2% |
| $150,000 to $199,999 | 15 | 6.1% |
| $200,000 and over | 10 | 4.1% |
Pick the records that matter for this property. Relta inquires with the listing agent and strata on your behalf, then tells you what came back. Some documents cannot always be obtained.
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Relta requests these from the listing agent and strata and follows up with what is available. Availability is not guaranteed. Review any documents with the appropriate professionals.
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$1,699
Principal and interest
Calculated estimate
$1,457
Property tax
Calculated estimate
$92/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$315,000
Down payment
Calculated estimate
$63,000 (20%)
Estimated mortgage
Calculated estimate
$252,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$1,699
/mo
Rate
%
Amortization
Principal and interest
$1,457
Property tax (est.)
$92
P&I
Tax
Down payment
$63,000 (20%)
Get Pre-Approved
Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $63,000 down (20%) on $315,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. 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.
At 7.4895 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
