Property Type: Land / LotOwnership: Freehold

1524 RUSSEL Avenue

Riondel, BC V0B2B0

$219,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.42 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,483.47

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10385462
Listed
May 1, 2026
Time on market
On the market for 122 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Assurance Realty Ltd · Data source: CREA DDF.

Description

Welcome to your summer getaway in the heart of Riondel, where sweeping mountain views and easy access to Kootenay Lake set the stage for your next adventure. This 0.42-acre property offers the ultimate flexible retreat, just a short walk to beautiful beaches and marinas, all surrounded by nature. The unique and versatile A-frame building features a fully operational bathroom with toilet, sink, water tank, and septic hookup. Recent updates include fresh interior paint and a newly re-stained exterior. The loft provides additional storage or a cozy hangout space, while the main level is open and ready for your ideas. With no zoning restrictions, the possibilities are wide open—park your RV, build out a tiny home or cabin, or create the perfect garage, workshop, or creative studio. There is also strong potential to add a kitchen and fully develop it into a comfortable summer home or year-round retreat. All utilities are in place, including water, power, and septic, making it easy to step in and start building your vision right away. Whether you’re into fishing, boating, hiking, or simply relaxing in nature, this is a rare and affordable opportunity to create your own flexible getaway in one of the Kootenays’ most peaceful lakeside communities (id:63159)

Location Insights

Weather

Nearest station: Nelson

16°C

Humidity 65%

Wind E 4 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Crawford Bay Elem-SecondaryK-129.5 km
J V Humphries Elem-SecondaryK-1217.0 km
Redfish Elementary SchoolElementary21.8 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: Kootenay Lake (SD8)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($10,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$175,200.00
Periodic payment — Principal & Interest (monthly)$1,130.33
Additional monthly expenses (strata, tax, utilities, etc.)$123.62
Total monthly cost$1,253.95
Interest paid over 5-yr term$50,212.82
Balance at end of term$157,592.97

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$10,950
Stress test qualifying rate8.09%
Payment you must qualify for$1,599.83

Cash Needed at Closing

Minimum down payment$10,950
Estimated BC PTT$2,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$14,830

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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