Property Type: Land / LotOwnership: Freehold

1601 ARROW LAKES Drive

Castlegar, BC V1N3N3

$999,999

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Property Details

Property & Lot

Sub-type
Other
Lot size
13.02 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$2,157

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, River view, Valley view

Listing Information

MLS®
10383570
Listed
April 17, 2026
Time on market
On the market for 136 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

Waterfront Acreage in Castlegar – 13 Acres of Opportunity! Welcome to 1601 Arrow Lakes Drive—an exceptional opportunity to own 13 acres of flat, usable waterfront land within the city limits of Castlegar. Perfectly positioned along the shores of Lower Arrow Lake, flowing into the Columbia River, this property offers a truly picturesque setting with breathtaking water and mountain views. Zoned RR3, the property provides flexibility for a range of uses, whether you're envisioning a private waterfront estate, a recreational retreat, or exploring development potential. The expansive acreage offers both privacy and accessibility, blending peaceful rural living with the convenience of nearby city amenities. A rare offering in today’s market—this is your chance to secure a premier piece of waterfront land and bring your vision to life. (id:63159)

Location Insights

Weather

Mainly Clear

17°C

Mainly Clear

Humidity 66%

Wind NNW 4 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

8,338

(2021 Census)

+3.7% since 2016

Density: 419.6/km²

Dwellings: 3,702

Median household income: $81,000

After-tax: $73,000

Immigrant population: 8.6%

Top countries of origin (% of total population)

  • United Kingdom1.9% · 155
  • United States of America1.1% · 95
  • Portugal0.7% · 55
  • Italy0.5% · 40
  • India0.4% · 35
  • Jamaica0.4% · 30
  • Philippines0.4% · 30
  • Russian Federation0.3% · 25

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Robson Community SchoolElementary1.1 km
Stanley Humphries SecondarySecondary2.1 km
Twin Rivers ElementaryElementary2.2 km
Kinnaird ElementaryElementary5.1 km
Sequoia CentreSecondary16.3 km
Brent Kennedy ElementaryElementary16.4 km
Mount Sentinel SecondaryK-1217.0 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: Kootenay-Columbia (SD20)

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Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($75,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$799,999.00
Periodic payment — Principal & Interest (monthly)$5,161.32
Additional monthly expenses (strata, tax, utilities, etc.)$179.75
Total monthly cost$5,341.07
Interest paid over 5-yr term$229,282.01
Balance at end of term$719,601.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$75,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,112.92

Cash Needed at Closing

Minimum down payment$75,000
Estimated BC PTT$18,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,500

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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