No photos available

Investment signal

$2,900,000

402 Princess Street

Beds

—

Baths

—

Sqft

—

Year

—

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

Text about this home Send a message

About this home

35 acres all with a view in the very desirable Okanagan! Location, location, location!!!! Situated in Enderby BC, this 35 acres is attached to city limits for ease of water and sewer, and zoned for residential and multi family. Whether you’re a builder looking for the perfect location or someone wanting to start a hobby farm or winery, this is the perfect spot! Only 50 minutes to Kelowna, 30 min to Vernon or 25 min to Salmon Arm. The view is spectacular of the Enderby Cliffs and three valleys. The City of Enderby is also currently expanding their reservoir and is actively pursuing growth to the area which will make this land go quickly! (id:65958)

Subtype: Vacant Land
Structure: Other
Community: Enderby / Grindrod
Common interest: Freehold
Lot size: 35 acres
Lot dimensions: 35
On market: Jun 20, 2025
Status changed: Apr 15, 2026
Annual tax: $10,935.85
Photos: 4
MLS#: 10352384
Area: ENDERBY

Features and systems

View

City viewMountain viewRiver viewValley view

Utilities

Natural GasElectricityTelephone

Negative cash flow ~$5,492/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.36%

Cap rate

3.62%

GRM

16.7

Break-even rent

$20,281

Financing

Down payment$580,000

Loan amount$2,320,000

Mortgage$14,233/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,329

Insurance$80

Maintenance$2,417

CapEx reserve$1,208

Vacancy loss$725

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Enderby. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $14,233/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 15, 2026.