- Active
7231 ISLAND Road
Oliver · Agriculture
- Beds
- 2
- Baths
- 2
- Sqft
- 2,360
- Built
- 1982
Listed by RE/MAX Wine Capital Realty · MLS® 10380668
There is more to this listing. Create a free account to see the exact location, taxes, room sizes and price history.
Sign inAbout this home
Fantastic opportunity to own this 10.06-acre property in rural Oliver, just minutes from town, offering endless possibilities for hobby farming, multi-family living or income potential. This versatile property features two homes, a large shop, greenhouse, fruit trees and acres of flat, usable land. The renovated main home is a charming rancher with 9-ft ceilings, hardwood floors & a cozy wood stove in the expansive living area. It offers 2 bedrooms plus office/den, 2 full bathrooms, cold storage & attached double garage. The well-designed kitchen includes granite countertops, dual sinks, wall oven, stainless steel appliances & a large pantry. The primary suite features a spacious 4-piece ensuite and French doors leading to one of two covered patios, where you can relax in privacy while enjoying the beautiful views. The second home, currently tenanted, is located across the orchard & includes 2 beds/1 bath, separate driveway, septic, water & power, ideal for extended family, rental income or guests. A massive 1,750 sq ft shop with two bay doors provides excellent space for vehicles, equipment or business use. A greenhouse, irrigation system and small orchard with 60+ fruit trees and vines enhance the property, with approximately 7 acres typically leased for seasonal ground crops. A rare opportunity combining rural lifestyle, productivity and income potential in the South Okanagan. Schedule your private showing today to explore everything this exceptional property has to offer.
Home facts
- Bedrooms
- 2
- Bathrooms
- 2 full
- Interior
- 2,360 sq ft
- Year built
- 1982
- Storey
- 1
- Parking
- 6
- Property type
- Agriculture
- Garage
- Yes
- Fireplace
- 1
- Area
- Oliver Rural
- Style
- Ranch
- Listed
- March 31, 2026
- Structure
- Other
- PID
- 002-253-852
- Common interest
- Freehold
Highlights
- Mountain view
- Double garage
Features and inclusions
- Appliances
- Washer, Refrigerator, Water purifier, Water softener, Dishwasher, Range, Dryer, Oven - Built-In
- Heating
- Baseboard heaters, Stove, Forced air, Electric, Wood
- Roof
- Metal, Unknown
- Parking
- Attached Garage, Other, RV, Additional Parking
- Lot
- Level lot, Private setting
- Community
- Rural Setting
Rooms and building
- Sewer
- Septic tank
- 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
- $6,399
- Property tax
- $392/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $6,940
Purchase snapshot
- List price
- $1,350,000
- Down payment
- $270,000 (20%)
- Estimated mortgage
- $1,080,000
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
- $7,522
- At 5.5719 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.
- 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
Detached · 65%
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.