- Active
8008 Wallace Road
Vernon · Vacant Land
Listed by eXp Realty (Kelowna) · MLS® 10402264
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Sign inAbout this home
Build your dream home on this picturesque 8+ acre property nestled in the highly desirable North BX area. Offering the perfect blend of space,privacy, and natural beauty, this property provides an incredible canvas to design the lifestyle you’ve always envisioned. Whether you imagine a custom-built estate or a peaceful country home surrounded by nature with room to roam, the possibilities here are endless. Surrounded by trees and open space, you’ll enjoy the serenity of rural living while still being just 10 minutes from downtown Vernon and everyday amenities. BX Elementary School is conveniently located at the base of the hill, with school bus pickup at the corner of Wallace and Silver Star Road, making this a wonderful option for families seeking both space and convenience. For outdoor enthusiasts, the location is truly exceptional. You’re only 15 minutes from Silver Star Mountain Resort and Sovereign Lake Nordic Centre, offering world-class skiing, snowboarding, snowshoeing in the winter and mountain bike parks during the summer months. In the warmer seasons, enjoy the best of the Okanagan lifestyle with nearby beaches, endless hiking, walking, and biking trails, and easy access to the incredible Okanagan Rail Trail. If you’ve been dreaming of building a home that allows you to live closer to nature while still being connected to the community, this beautiful acreage offers the rare opportunity to make that vision a reality.
Home facts
- Property type
- Vacant Land
- Area
- North BX
- Listed
- October 1, 2026
- Structure
- Other
- PID
- 011-998-661
- Common interest
- Freehold
Rooms and building
- Water
- Spring
- 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
- $2,744
- Property tax
- $167/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,061
Purchase snapshot
- List price
- $579,000
- Down payment
- $115,800 (20%)
- Estimated mortgage
- $463,200
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
- $3,472
- At 5.9974 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.
Climate
What the weather is like in Vernon
Ten year average, 2016–2025.
- Average temperature
- 9.1°C
- Daily mean across the year.
- Yearly precipitation
- 345 mm
- On the drier side for BC.
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.
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.
