Property Type: Land / LotOwnership: Freehold

14 Sub Lot 3/93 Highway

Cranbrook, BC V1C7B2

$16,898,257

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Property Details

Property & Lot

Sub-type
Other
Lot size
2,429.2 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)

Listing Information

MLS®
10393438
Listed
July 3, 2026
Time on market
On the market for 59 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

The Cranbrook East Lands: A Generational Development Masterpiece Opportunity Unlock unparalleled potential with the Cranbrook East Lands, a monumental land assembly opportunity directly adjacent to the rapidly growing City of Cranbrook, BC. This massive portfolio spans a total of 9,085 acres. Featured in this offering is Sub Lot 14, with a 2492 acre land tract with an additional commanding 6,656 acre - Sub Lot 1 available upon request, both parcels zoned RR-60. Crucially for developers, the entirety of these properties sits completely outside the Agricultural Land Reserve (ALR), removing significant development hurdles and opening the door to visionary master-planned concepts. Key Property Highlights: Prime Connectivity: Shares a direct border with the City of Cranbrook (sub lot 1) and sits just a 15-minute drive from the Canadian Rockies International Airport. Permitted (MOTI) (sub lot 14) primary access is already established off Hwy 93/3. Natural Wonders & Recreation: Framed by breathtaking, unobstructed views of Fisher Peak and the Rocky Mountains. The iconic Trans-Canada Trail borders the eastern boundary of Sub Lot 14, while internal trail networks and rock-climbing faces offer built-in eco-tourism and recreational appeal. Resource Rich: Wide logging roads provide easy internal transit. The land features an unregistered lake, private ponds, and extensive exposed gravel deposits (including concrete, asphalt sand, and decorative rock) to support on-site infrastructure development. The current RR-60 zoning allows for a 150-lot subdivision allowance. Whether your vision is an exclusive mountain-resort community, a sprawling residential development, or a strategic land banking play, the Cranbrook East Lands offer the scale, location, and freedom to build a legacy. Explore the endless possibilities today. (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.

Nearby Schools

SchoolTypeDistance
Kootenay Christian Academy(Independent)K-125.3 km
Highlands ElementaryElementary5.5 km
Steeples ElementaryElementary5.7 km
Laurie Middle SchoolMiddle6.5 km
Kootenay Educational ServicesSecondary6.6 km
Mount Baker SecondaryElementary6.8 km
St Mary's Catholic Independent(Independent)Elementary6.8 km
Kootenay Orchards ElementaryElementary7.1 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($3,379,651) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$13,518,606.00
Periodic payment — Principal & Interest (monthly)$87,217.46
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$87,217.46
Interest paid over 5-yr term$3,874,471.34
Balance at end of term$12,160,029.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$3,379,651
Stress test qualifying rate8.09%
Payment you must qualify for$103,953.35

Cash Needed at Closing

Minimum down payment$3,379,651
Estimated BC PTT$762,913
Legal / closing costs (typical estimate)$1,500
Total cash needed$4,144,064

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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