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Buying Acreage in Vernon BC and the North Okanagan



North Okanagan Acreages are always one property type in high demand.


Buyers consider buying these larger properties for livestock, vegetable farming or simply for more privacy. Not only do acreage properties avoid that busy city congestion, but acreages also offer safe distancing from others. Whether it be a small hobby farm or a huge off-the-grid working farm, the acreage market in Vernon and the surrounding North Okanagan areas is on the rise.


Thinking about buying an acreage? Here are some important factors to consider when looking for an acreage. Keep in mind, acreage real estate is available for many price ranges, which are largely dictated by the following factors:


Location: The closer an acreage is to the amenities of a major center and services, generally the more expensive. The following sub-areas of the North Okanagan will be where the most acreage properties are found:


■ Armstrong / Spallumcheen

■ Enderby and area

■ Falkland and Salmon Valley

■ Coldstream and Lavington

■ Lumby and Cherryville (including Trinity Valley and Creighton Valley)

■ BX (both North and South)

■ Swan Lake West

■ Towards Silver Star Mountain

■ Okanagan Landing and Bella Visa


Size:  If all things are equal, the more acres - the more expensive.  As an example, at the time of writing, 37.03 acres on Young Road sold for 27% more than the adjacent property with 18.82 acres.  You will also note that double the acreage usually does not translate into double the price.


Property Type:  Generally speaking, the flatter the property – the more expensive. For example, 26 acres of beautiful flat, arable land recently sold for 50% more than a privacy acreage double the size.  Some of the different property types you will find in the Okanagan are:

■ Small parcels, mostly for privacy and a few domestic animals, generally 1-2 acres.

■ Hobby Farms which range anywhere from 2-5 and potentially up to 10 acres.

■ Horse Properties:  These properties are usually a minimum of 5 acres, are fairly flat, have various outbuildings such as corrals, tack rooms, hay sheds, are fenced and cross fences and barns and in some cases are even tricked up with riding rings other equestrian perks.

■ Farms:  Larger than the hobby farmer and more focused on farming for profit.  Usually flatter more arable land, some with commercial outbuildings as well.

■ Privacy Acreages:  Can be from a few acres to many, with less usable land yet the added bonus of no close neighbours.   (both North and South)

  

Servicing:  Some acreages located close to the major centers may utilize city services such as water, sewer and irrigation district water for fields and livestock. Many larger acreages and those that are farther away from the city likely supply their own services in the forms of wells and septic systems.  And still, others are right off the grid and even supply their own power source. 


Once your price range is established and you have picked your ideal location for your home, then comes the fun, interesting and often challenging part: finding the ideal acreage to buy. 


As mentioned above, size is an important consideration, as is property type. And often these two work together.  If you want a nice little hobby farm to call your own, you may give up having a 20-acre parcel with partially usable land and opt for 5 flat acres.  Many times a person will choose to sacrifice flat land, a view or arability if their primary goal is privacy and seclusion. 


Although it is an involved process to find an acreage that suits all aspects of your family’s wish list, it starts with a discussion about the most important items to you in your search: Location, Size, Property Type and/or Servicing.  From there we can suggest a strategy to start your property search with your goals in mind. 


Interested in buying a North Okanagan acreage? Or If you are thinking of selling your acreage - we’ve got buyers.

Check out current listings of Acreages for sale in Greater Vernon and the North Okanagan Here:

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26 Commonage Road
Commonage Vernon V1H 1G4

$7,750,000
Single Family beds: 5 baths: 3.0 built: 2016

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Status:
Active
Prop. Type:
Single Family
MLS® Num:
10303226
Bedrooms:
5
Bathrooms:
3
Year Built:
2016
144.92 acre estate in Vernon city limits, with only +/- 9.6 acres within the ALR. 5200+ sq.ft. modern residence, completed in 2016, with 5 bedrooms and 3 bathrooms, a stunning pool, and top-of-the-line cosmetics and mechanical systems. Current A2 zoning permits 12 hectare (30 acre) lots, creating immediate subdivision potential and long-term development potential. The land has significant pasture/grazing land (+/- 21 acres) which has been used for an organic lamb farm, and cattle. There is a small pond, an aspen grove, and significant cross-fencing (electric). Water is via a 4 gal/min well with a cistern system. The home is accessed via a 1 km private paved driveway. Finishings include polished heated concrete floors, cedar beams, wood burning fireplace + stove, and grand windows and sliding doors that access the saltwater pool. Outdoor space also has a firepit and hot tub, looking south towards the expansive lake and valley views that span to see the Bennett Bridge in Kelowna. High-efficiency GARN mechanical uses wood, thermal solar, and an electric heat pump. The property is just a few minutes drive to Predator Ridge Golf, Sparkling Hills, the new O'Rourke Winery, and is close to both Lake Country and Vernon. Outbuildings include a barn, and a 60'x40' workshop, perfect for a potential tack room if a buyer wishes to convert the lands to equestrian use. This shop also has a caretaker's suite. The property is adjacent to Ellison Provincial Park, making for a private location. (id:2493)
Property Type:
Single Family
Size Interior:
5,758 sq. ft.
Transaction Type:
For sale
Ownership Type:
Freehold
Community:
Commonage
Features:
Central island, One Balcony
Pool Type:
Inground pool, Outdoor pool, Pool
View:
Lake view, Mountain view, Valley view, View (panoramic)
Building Type:
House
Bedrooms:
5
Bathrooms:
3.0
Half Bathrooms:
0
Age:
8 years
Construction Style Attachment:
Detached
Cooling:
See Remarks, Heat Pump
Exterior Finish:
Stone, Wood siding
Fireplace Fuel:
Wood
Fireplace:
Yes
Fireplace Type:
Unknown
Fire Protection:
Sprinkler System-Fire, Security system, Smoke Detector Only
Floor finish:
Hardwood, Other, Tile
Heating:
Furnace, Forced air, Heat Pump, Other, See remarks
Heating Fuel:
Electric
Roof Style:
Other, Unknown
# Storeys:
2.0
Water:
Well
Sewer:
Septic tank
Basement:
Full
Landscape Features:
Underground sprinkler
Lot Frontage:
3148'
Acreage:
Yes
Lot Size:
144.92 acre(s)
Lot Size:
144.92 ac|100+ acres
Lot Details:
144.92
Attached Garage:
2
Total Parking Spaces:
6
Parking Type:
See Remarks, Attached Garage, Heated Garage
Floor
Type
Size
Other
Second level
Bedroom
15'5" × 11'5"
-
Second level
Den
11' × 9'
-
Second level
Other
14'2" × 11'
-
Second level
Primary Bedroom
23'5" × 15'6"
-
Second level
Other
15'4" × 11'9"
-
Basement
Other
28'2" × 24'10"
-
Basement
Utility room
11'10" × 11'8"
-
Basement
Mud room
8'4" × 6'10"
-
Main level
Dining room
23' × 11'
-
Main level
Kitchen
25'6" × 12'5"
-
Main level
Pantry
20'5" × 7'3"
-
Main level
Laundry room
12'5" × 8'
-
Main level
Family room
20'10" × 13'10"
-
Main level
Living room
28'4" × 27'5"
-
Main level
Other
12' × 11'11"
-
Main level
Foyer
21'11" × 9'10"
-
Main level
Other
6' × 4'6"
-
Main level
Bedroom
13'9" × 12'11"
-
Main level
Bedroom
17'2" × 13'7"
-
Main level
Bedroom
15'11" × 13'7"
-
Floor
Ensuite
Pieces
Other
Second level
Yes
6
13'0" x 17'5"
Main level
No
4
8'3" x 11'10"
Main level
Yes
3
9'9" x 9'7"
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Listed by RE/MAX Kelowna
Data was last updated May 27, 2024 at 09:45 PM (UTC)
Area Statistics
Listings on market:
624
Avg list price:
$691,650
Min list price:
$74,000
Max list price:
$7,750,000
Avg days on market:
48
Min days on market:
3
Max days on market:
654
Avg price per sq.ft.:
$388.26
These statistics are generated based on the current listing's property type and located in Vernon. Average values are derived using median calculations.
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