Property Type: Land / LotOwnership: Freehold

155 Lakeview Drive

Nelson, BC V1L6W6

$315,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.61 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$32/mo
Annual property tax
$715.53

Interior

Fireplace
None

Listing Information

MLS®
10397124
Listed
August 7, 2026
Time on market
On the market for 24 days
Data last synced
August 28, 2026

Listing provided by: Valhalla Path Realty · Data source: CREA DDF.

Description

Grandview Heights – Spectacular Lakeview Building Lot! Build your dream home on this exceptional 0.61-acre lot in the sought-after Grandview Heights community, located just minutes before Balfour and only a 25-minute drive from Nelson. With breathtaking panoramic views of Kootenay Lake and the surrounding mountains, this property offers the perfect combination of privacy, scenery, and convenience. The current owner has already completed much of the groundwork, including site preparation and a roughed-in driveway, creating an outstanding building site and saving you valuable time and expense as you begin planning your new home. Grandview Heights is an established upscale neighbourhood featuring attractive newer homes and the convenience of a community water system and community sewer (septic) system. With no required timeline to begin construction, you have the flexibility to secure this premium property today and build when the time is right. Whether you're envisioning a full-time residence or a spectacular Kootenay getaway, you'll love being close to Balfour Golf Course, Kootenay Lake, hiking trails, boating, fishing, and the Kootenay Lake Ferry, while still enjoying an easy commute to Nelson. This is an excellent opportunity to own one of the area's premier building lots with the hard work already underway. Come experience the views for yourself! (id:63159)

Location Insights

Weather

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.

Population

11,106

(2021 Census)

+5.1% since 2016

Density: 930.9/km²

Dwellings: 5,314

Median household income: $72,500

After-tax: $65,500

Immigrant population: 15.1%

Top countries of origin (% of total population)

  • United States of America3.5% · 390
  • United Kingdom3.3% · 365
  • Philippines0.8% · 85
  • Germany0.6% · 65
  • Italy0.6% · 65
  • India0.5% · 55
  • Netherlands0.4% · 40
  • South Africa, Republic of0.3% · 35

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Redfish Elementary SchoolElementary2.6 km
Crawford Bay Elem-SecondaryK-1215.0 km
des Sentiers-alpinsElementary/Middle16.2 km
Nelson Christian Community School(Independent)Elementary/Middle22.3 km
L V Rogers SecondarySecondary22.9 km
Secondaire de NelsonSecondary22.9 km
Hume Elementary SchoolElementary23.3 km
South Nelson ElementaryElementary24.4 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% ($15,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$252,000.00
Periodic payment — Principal & Interest (monthly)$1,625.82
Additional monthly expenses (strata, tax, utilities, etc.)$91.63
Total monthly cost$1,717.45
Interest paid over 5-yr term$72,223.92
Balance at end of term$226,674.82

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$15,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,301.13

Cash Needed at Closing

Minimum down payment$15,750
Estimated BC PTT$4,300
Legal / closing costs (typical estimate)$1,500
Total cash needed$21,550

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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