Property Type: Land / LotOwnership: Freehold

114 17A Avenue S

Cranbrook, BC V1C3A5

$599,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.55 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,735.16

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10396145
Listed
July 29, 2026
Time on market
On the market for 33 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Zoned R-6 and set on a spacious 0.55-acre parcel, this property presents an exceptional development opportunity in a highly convenient Cranbrook location. The City of Cranbrook has approved a 24-unit residential complex for the site, and the property can be sold with the approved MUDP (Multi-Unit Development Permit), providing a significant advantage for developers looking to move forward with an established development plan. The level, easily accessible site backs directly onto Laurie Middle School and offers an ideal setting for multi-family residential development. The approved 24-unit project provides a strong foundation for a purpose-built rental, investment, or residential development opportunity. Located close to schools, public transit, shopping, services, and everyday amenities, the property combines excellent location fundamentals with beautiful surrounding mountain views. Whether proceeding with the approved development or exploring future opportunities within the R-6 zoning, this property offers flexibility, convenience, and significant long-term potential in the heart of Cranbrook. A rare opportunity to acquire development-ready land with an approved 24-unit complex and the option to purchase with the City-approved MUDP. (id:63159)

Location Insights

Weather

Mainly Clear

13°C

Mainly Clear

Humidity 69%

Wind SW 9 km/h

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

20,499

(2021 Census)

+2.3% since 2016

Density: 641.2/km²

Dwellings: 9,058

Median household income: $80,000

After-tax: $72,500

Immigrant population: 8.7%

Top countries of origin (% of total population)

  • United Kingdom1.4% · 290
  • United States of America1% · 205
  • Philippines0.9% · 175
  • Germany0.6% · 115
  • Jamaica0.5% · 105
  • South Africa, Republic of0.4% · 90
  • Italy0.4% · 75
  • Ukraine0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

26

4/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Laurie Middle SchoolMiddle122 m
Kootenay Educational ServicesSecondary401 m
Mount Baker SecondaryElementary491 m
St Mary's Catholic Independent(Independent)Elementary763 m
Steeples ElementaryElementary1.2 km
Pinewood ElementaryElementary1.4 km
Kootenay Orchards ElementaryElementary1.6 km
Highlands ElementaryElementary1.7 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (3)

  • The Pizza Co.335 m
  • Panago Pizza691 m
  • Fire Hall Kitchen & Tap706 m

Grocery (2)

  • Safeway518 m
  • Save-On-Foods · 505 Victoria Ave North763 m

Parks (5+)

  • Laurie125 m
  • Balment Park146 m
  • Baker Park330 m
  • Rec Plex Park345 m
  • Cranbrook Dog Park400 m

Banks & ATMs (3)

  • Bank of Montreal745 m
  • HSBC761 m
  • Unnamed796 m

Nearby places data: © OpenStreetMap contributors.

School district: South East Kootenay (SD5)

Mortgage & Ownership Cost Calculator

Minimum required: 5.8% ($34,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$479,920.00
Periodic payment — Principal & Interest (monthly)$3,096.28
Additional monthly expenses (strata, tax, utilities, etc.)$144.60
Total monthly cost$3,240.88
Interest paid over 5-yr term$137,546.45
Balance at end of term$431,689.59

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$34,990
Stress test qualifying rate8.09%
Payment you must qualify for$4,343.96

Cash Needed at Closing

Minimum down payment$34,990
Estimated BC PTT$9,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$46,488

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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