- Active
2321 Peterson Road
Merritt · Agriculture
- Beds
- 2
- Baths
- 2
- Sqft
- 1,684
- Built
- 1952
Listed by LandQuest Realty Corp. (Interior) · MLS® 10402044
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Sign inAbout this home
Highly developed livestock property south of Merritt with exceptional water, 242.85 acres on the Coldwater River, just 2 hours from the Fraser Valley. The property currently runs an established custom feed operation with capacity for up to 1,000 head plus feed yard. Water is second to none: a 500-600 GPM well with water license supplies 3 pivots irrigating 105 acres of prime hay land, producing approx. 600 tons of hay annually. River and irrigation pumps are equipped with variable frequency drives (VFD) for efficiency and control. A private quarry with good road access adds value and versatility. Infrastructure is extensive and well built with metal roofing, cladding and concrete foundations for 3 large cow barns, all with heated automatic waterers; a commodity shed; 2 hay sheds; covered bedding pack barn, a covered feed lane with concrete feed lines; an Arrow Quip Squeeze with Scale; and Cow Scout monitoring hardware. The insulated, heated vet room/pump house includes a propane generator and on-demand hot water. A heated, insulated shop rounds out the working facilities. The charming 2 bed, 2 bath ranch house has a full walkout basement in a peaceful setting. This ranch suits a buyer who wants to continue a proven feed business, expand a cow-calf program, or invest in productive irrigated land with exceptional water. With epic views, privacy, great location, surrounded by crown land and Coldwater Riverfront beauty, opportunities of this calibre are rare.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 1,684 sq ft
- Year built
- 1952
- Storeys
- 2
- Property type
- Agriculture
- Basement
- Full
- Fireplace
- 1
- Area
- Merritt
- Listed
- October 1, 2026
- Structure
- Other
- PID
- 014-670-691
- Common interest
- Freehold
Features and inclusions
- Heating
- Forced air, Electric, See remarks
- Roof
- Asphalt shingle, Unknown
- Lot
- Balcony
Rooms and building
- Water
- Well
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
- $23,083
- Property tax
- $1,417/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $24,649
Purchase snapshot
- List price
- $4,870,000
- Down payment
- $974,000 (20%)
- Estimated mortgage
- $3,896,000
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
- $38,617
- At 7.9295 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
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.
- Agricultural Land Reserve
- In the ALR
- Provincial farmland protection restricts subdivision and non-farm use.
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
Detached · 60%
Who lives here
Documents
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