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1585 LANCE Road
Beds
4
Baths
3
Sqft
3,224
Year
2007
Type
Single Family
On market
32d
Discover the perfect blend of country living & business opportunity with SH-1 (small holding) zoning that allows for 2nd dwelling up to 968 sq ft. This exceptional 8.5 acre property in Pritchard is ideally located just off the highway & less than 30 mins to downtown Kamloops, this property offers lush irrigated hay land, fertile soil, and a prime lower elevation-giving you an extended growing season & incredible potential for farm-gate or market garden sales right from your doorstep. A rare bonus is the on-site, fully equipped meat processing shop with an active farm-gate license. It’s ready to go with a walk-in cooler, walk-in freezer, rail system for easy deliveries, and a certified independent water and filtration system... everything you need to step right into or expand your own meat cutting business. For hobby farmers, livestock owners, or horse enthusiasts, the setup is already in place with multiple pens, shelters, and hay storage. The mostly level land offers unlimited possibilities to customize your ideal layout whether that’s expanding operations, creating a beautiful equestrian haven, or simply enjoying wide-open space and privacy. The spacious 3200 sq ft, 4 bdrm/3 bath home sits perfectly to take in stunning panoramic river & valley views, featuring an ICF foundation for year-round energy efficiency. A bright, main level entry floor plan w/vaulted ceilings in living rm flows out onto a large deck overlooking the landscape, while the 1-bedroom in-law suite in bsmnt is perfect for extended family or live-in help. The attached 2 car garage features a large storage rm below creating bonus space in the bsmnt, just waiting for your finishing ideas for possible games or media rm. An older mobile home on the property is currently occupied by a family member, adding even more flexibility. This is more than a property, it’s a lifestyle, a business opportunity, and a chance to build your dream in one of the most scenic and productive areas of the Thompson Valley. (id:65958)
Basement
| Room | Dimensions | Features |
|---|---|---|
| Storage | 20'0'' x 22'0'' | |
| Utility room | 6'0'' x 37'0'' | |
| Foyer | 6'0'' x 4'0'' | |
| Laundry room | 10'0'' x 15'0'' | |
| Bedroom | 10'0'' x 13'0'' | |
| Dining room | 9'0'' x 10'0'' | |
| Living room | 12'0'' x 15'0'' | |
| Kitchen | 14'0'' x 15'0'' | |
| 4pc Bathroom | — |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Foyer | 5'0'' x 7'0'' | |
| Laundry room | 6'0'' x 10'0'' | |
| Primary Bedroom | 12'0'' x 13'0'' | |
| Bedroom | 11'0'' x 10'0'' | |
| Bedroom | 10'0'' x 10'0'' | |
| Dining room | 10'0'' x 12'0'' | |
| Living room | 15'0'' x 19'0'' | |
| Kitchen | 9'0'' x 13'0'' | |
| 4pc Ensuite bath | — | |
| 4pc Bathroom | — |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.71%
Cap rate
4.72%
GRM
13.9
Break-even rent
$8,242
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Pritchard. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.