- Active
7040 WATSON Drive
Kamloops · Vacant Land
Listed by REMAX Kelowna · MLS® 10392993
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Sign inAbout this home
BEST lot in Savona! Saddle up the horse, buff the boat, wet a line or break out the clubs this residential/recreation property is waiting for you. Savona is a small lakeside community of around 540 residents situated at the western end of Kamloops Lake where it flows into the Thompson River, surrounded by semi-arid grasslands and hills. The area draws outdoor enthusiasts with access to fishing, hiking, and several nearby provincial parks including Juniper Beach, Castle Rock Hoodoos, and Painted Bluffs. Conveniently positioned on the Trans-Canada Highway, it sits roughly midway between Kamloops and Cache Creek, making it an accessible base for those who want a quieter, rural lifestyle without being far from urban amenities. At your doorstep is Tobiano, one of Canada's most highly decorated and globally recognized public golf courses, and Miller's Crossing for all your day-to-day needs. The area supports a working economy anchored by New Gold, a local sawmill, and industrial and manufacturing operations. Quarter-acre R-1 lot in an established community. Zoning permits a single-family home (suite allowed), duplex, or manufactured home. Water and electricity at the property line.
Home facts
- Property type
- Vacant Land
- Area
- Cherry Creek/Savona
- Listed
- June 30, 2026
- Structure
- Other
- PID
- 003-014-916
- Common interest
- Freehold
Features and inclusions
- Lot
- Level lot
- Community
- Rural Setting
Rooms and building
- Water
- Municipal water
- Utilities
- Water, Sewer, Natural Gas, Electricity
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
- $754
- Property tax
- $42/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $946
Purchase snapshot
- List price
- $154,777
- Down payment
- $30,955 (20%)
- Estimated mortgage
- $127,289
- CMHC premium
- $3,467
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
- $1,061
- At 6.8535 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
- $720 a month
- Gross yield
- 5.6%
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.
Climate
What the weather is like in Kamloops
Ten year average, 2016–2025.
- Average temperature
- 9.8°C
- Daily mean across the year.
- Yearly precipitation
- 221 mm
- On the drier side for BC.
- Bright sunshine
- 2,080 h
- Hours of sun a year, 1981–2010 average.
Averaged from the last ten complete years of Environment Canada observations at the nearest principal station, so it reflects the climate as it is now rather than a thirty year normal. Bright sunshine is the exception: it is no longer measured at these stations, so that figure is the long term average.
Source: Environment and Climate Change Canada, monthly climate summaries
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- 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
Detached · 58%
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.
