Merritt · V1K1B8
$6,244/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Free standing COMMERCIAL BUILDING on .38ac property on a busy corridor into Merritt with diversified potential. Great Investment Property with 3 Lease contracts in place!! Approx. 4100 sq ft main floor with one side leased to a current restaurant tenant. The second tenanted area of the main level features an open concept area with large windows. Upper level has a separate outside entrance leading to approx.1350 sq ft with a third lessee. Partially finished basement is made up of several rooms with a roughed-in bathroom and generous storage space and its own entrance. Building has 2 gas meters & 2 hydro meters. Oversized parking lot at rear for clients. Highway access. Zoned C7. Conveniently located with only 1.5hr from Chilliwack, Kelowna or Sun Peaks, and 45 min to Kamloops. Excellent opportunity to begin your business venture. Call the listing agent today for more information or your private viewing. LISTED by EXP REALTY.
1995
Year built
Other
Type
Merritt
Area
Listed
November 12, 2025
Nearby & Commute
17 min
walk to Save-On-Foods
5h 24m
bike to Ebus
17h 59m
walk to Ebus
7h 41m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 51%
| Detached | 71 | 50.7% |
| Land | 44 | 31.4% |
| Townhouse | 8 | 5.7% |
| Mobile home | 6 | 4.3% |
| Other | 5 | 3.6% |
| Other | 6 | 4.3% |
| $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% |
A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$6,244
Principal and interest
Calculated estimate
$5,736
Property tax
Calculated estimate
$358/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$1,240,000
Down payment
Calculated estimate
$248,000 (20%)
Estimated mortgage
Calculated estimate
$992,000
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
$6,244
/mo
Rate
%
Amortization
Principal and interest
$5,736
Property tax (est.)
$358
P&I
Tax
Down payment
$248,000 (20%)
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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 $248,000 down (20%) on $1,240,000, 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.
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.
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.
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.
