Property Type: Land / LotOwnership: Strata

116 Plateau Place

Cranbrook, BC V1C0C6

$190,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.27 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$95/mo
Annual property tax
$1,065.66

Interior

Fireplace
None

Listing Information

MLS®
10392340
Listed
June 22, 2026
Time on market
On the market for 70 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Blue Sky Realty · Data source: CREA DDF.

Description

Where the Rockies become your backyard. Set in the prestigious Shadow Mountain community, 116 Plateau Place offers a rare blend of breathtaking mountain views, refined living, and the kind of Kootenay lifestyle most people only dream about. Wake up to sweeping panoramas of the Rocky Mountains and settle into one of Cranbrook's most sought after neighbourhoods. Golf lovers are home the moment they arrive, with championship fairways at Shadow Mountain winding through some of the most scenic terrain in British Columbia. When you are off the course, world class fly fishing on the St. Mary and Kootenay rivers, alpine skiing at nearby Kimberley and Fernie, and endless hiking and biking trails are all within easy reach. Best of all, you do not trade convenience for serenity. Located just minutes from the Canadian Rockies International Airport, travel is effortless while you enjoy the privacy and prestige of an established mountain community. This is more than an address. It is a basecamp for everything that makes life here extraordinary. (id:63159)

Location Insights

Weather

Mainly Clear

16°C

Mainly Clear

Humidity 56%

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.

Nearby Schools

SchoolTypeDistance
Pinewood ElementaryElementary7.3 km
Kootenay Christian Academy(Independent)K-127.4 km
Steeples ElementaryElementary7.8 km
Mount Baker SecondaryElementary7.8 km
Kootenay Educational ServicesSecondary7.9 km
Laurie Middle SchoolMiddle8.3 km
T M Roberts ElementaryElementary8.5 km
St Mary's Catholic Independent(Independent)Elementary9.0 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.

School district: South East Kootenay (SD5)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$152,000.00
Periodic payment — Principal & Interest (monthly)$980.65
Additional monthly expenses (strata, tax, utilities, etc.)$184.08
Total monthly cost$1,164.73
Interest paid over 5-yr term$43,563.64
Balance at end of term$136,724.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,500
Stress test qualifying rate8.09%
Payment you must qualify for$1,387.98

Cash Needed at Closing

Minimum down payment$9,500
Estimated BC PTT$1,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$12,900

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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