Merritt · V1K1B8
$48,835/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
Schedule private showing
Book now
An exceptional investment and development opportunity awaits in one of British Columbia's emerging growth markets. This strategically located development site in Merritt offers investors and builders the rare advantage of approved zoning and significant preliminary work already completed. As more British Columbians seek the affordability and lifestyle of communities beyond the Lower Mainland, Merritt continues to experience growing demand for housing. Ideally located just two hours from Metro Vancouver and approximately one hour from both Kamloops and Kelowna, the city is well positioned for continued growth. The property is zoned for a master-planned development of up to 250 residential units, including single-family homes, condominiums, and a hotel (see supplements). The current owners have secured a water supply through a joint venture with a local company utilizing provincial financing, while sewer and power services are nearby. Proposed site plans, architectural renderings, and preliminary civil engineering by a respected Kelowna engineering consulting firm are available to qualified purchasers through an (NDA). The owners are also willing to consider a joint venture partnership or vendor financing with a qualified developer, creating additional flexibility for the right buyer. All measurements and information are believed to be accurate but should be independently verified by buyers or their representatives if deemed important.
Vacant Land
Type
Merritt
Area
Listed
August 7, 2026
Nearby & Commute
1h 1m
walk to No Frills
5h 28m
bike to Ebus
18h 13m
walk to Ebus
7h 43m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 46%
| Detached | 57 | 46.0% |
| Land | 43 | 34.7% |
| Townhouse | 8 | 6.5% |
| Mobile home | 5 | 4.0% |
| Other | 5 | 4.0% |
| Other | 6 | 4.8% |
| $15,000 to $19,999 | 5 | 2.1% |
| $20,000 to $24,999 | 10 | 4.2% |
| $25,000 to $29,999 | 5 | 2.1% |
| $30,000 to $34,999 | 5 | 2.1% |
| $35,000 to $39,999 | 15 | 6.3% |
| $40,000 to $44,999 | 10 | 4.2% |
| $45,000 to $49,999 | 10 | 4.2% |
| $50,000 to $59,999 | 30 | 12.5% |
| $60,000 to $69,999 | 30 | 12.5% |
| $70,000 to $79,999 | 15 | 6.3% |
| $80,000 to $89,999 | 5 | 2.1% |
| $90,000 to $99,999 | 10 | 4.2% |
| $100,000 to $124,999 | 25 | 10.4% |
| $125,000 to $149,999 | 20 | 8.3% |
| $150,000 to $199,999 | 25 | 10.4% |
| $200,000 and over | 20 | 8.3% |
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.
Request the due-diligence package
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
$48,835
Principal and interest
Calculated estimate
$45,793
Property tax
Calculated estimate
$2,892/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$9,900,000
Down payment
Calculated estimate
$1,980,000 (20%)
Estimated mortgage
Calculated estimate
$7,920,000
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
$48,835
/mo
Rate
%
Amortization
Principal and interest
$45,793
Property tax (est.)
$2,892
P&I
Tax
Down payment
$1,980,000 (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 $1,980,000 down (20%) on $9,900,000, 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.
