- Active
1837 Shuswap Avenue
Lumby · Vacant Land
Listed by RE/MAX Vernon · MLS® 10377292
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Sign inAbout this home
Lot 2 at Monashee Light Industrial Park offers 2.88 acres (approx. 2.51 acres net usable) of fully serviced I2 General Industrial land within Lumby’s established industrial corridor. Designed for modern industrial development, this parcel provides an excellent balance of building footprint flexibility and yard space to accommodate warehousing, manufacturing, fabrication, contractor services, or distribution operations. Subdivision approval is complete, with servicing and road infrastructure underway. Municipal water and sewer will be provided to the lot, along with full underground utilities and new internal road construction scheduled for completion. The level topography supports efficient site planning, construction, and truck circulation. Zoned I2 – General Industrial, permitting a broad range of industrial and service commercial uses. Strategically located minutes from Highway 6, providing direct regional access to Vernon (approx. 25 minutes), Kelowna, and major Okanagan supply routes. As serviced industrial land availability continues to tighten throughout Vernon and Kelowna, Lumby presents a compelling alternative offering municipal services, strong transportation access, and competitive land values. Construction is complete!
Home facts
- Property type
- Vacant Land
- Area
- Lumby Valley
- Listed
- March 7, 2026
- Structure
- Other
- PID
- 032-762-585
- Common interest
- Freehold
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Water, Sewer
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $4,759
- Property tax
- $292/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $5,200
Purchase snapshot
- List price
- $1,004,000
- Down payment
- $200,800 (20%)
- Estimated mortgage
- $803,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $6,797
- At 6.7695 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.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
For investors
As a rental
- Estimated rent
- $1,000 a month
- Gross yield
- 1.2%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Floodplain
- Mapped floodplain
- Sits in a provincially mapped floodplain. Expect flood-related insurance and financing conditions.
- Wildfire interface
- Extreme risk
- 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.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Land · 45%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.
