Property Type: Detached HouseOwnership: Freehold

1687 Koocanusa Lake Drive

Lake Koocanusa, BC V0B1T5

$1,499,900

6 bed6 full, 2 half bath1 parking3,641 sqftBuilt 2016
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Property Details

Property & Lot

Sub-type
House
Stories
3
Lot size
0.18 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$21/mo
Annual property tax
$3,463

Maintenance Fee Includes

Management

Interior

Basement
Crawl space
Heating
Heat Pump
Cooling / A/C
Heat Pump
Fireplace
Yes (2)
Fireplace type
Gas, Unknown

Exterior & Lot

View
Lake view, Mountain view

Parking

Total spaces
1 — covered indicated
Features
Attached Garage

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Laundry roomSecond level5' x 7'
Full bathroomSecond level
BedroomSecond level13' x 10'
BedroomSecond level12' x 11'
Full ensuite bathroomSecond level
Primary BedroomSecond level18' x 17'
Partial bathroomMain level
Dining roomMain level10' x 12'
Living roomMain level17' x 17'
KitchenMain level18' x 17'
Laundry roomSecond level5' x 7'
BedroomSecond level13' x 10'
BedroomSecond level13' x 10'
Full bathroomSecond level
Full ensuite bathroomSecond level
Primary BedroomSecond level18' x 17'
Partial bathroomMain level
Dining roomMain level10' x 12'
Living roomMain level16' x 17'
KitchenMain level17' x 17'

Listing Information

MLS®
10381322
Listed
April 8, 2026
Time on market
On the market for 145 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty (Fernie) · Data source: CREA DDF.

Description

Luxury lake retreat with exceptional flexibility just steps from Lake Koocanusa. Located directly across the road from the lake and a short walk to nearby water access and marina amenities, this impressive 6 bedroom, 6 bathroom residence offers 3,640 sq ft of finished interior living space designed for comfort, privacy, and gathering. Set up with two mirrored sides under one title, this detached home is ideal for multi-generational living, a shared family getaway, or hosting extended family and guests with ease. A shared front entrance leads to two beautifully finished living spaces, each with its own kitchen, dining area, living room, and powder room on the main floor. Upstairs, both sides offer three bedrooms, including spacious primary suites with walk-in closets and ensuites, plus full baths and dedicated laundry. An incredible third-level rooftop terrace captures sweeping 360 degree lake and mountain views and is equipped with power, water, and gas for effortless outdoor entertaining. Features include quartz counters, tile flooring, 10 foot ceilings, A/C throughout, gas fireplaces, soundproof insulation, spray foam efficiency upgrades, sauna, fenced yard, crawlspace storage, attached insulated garage, and ample parking for vehicles and lake toys. Presented turnkey and fully furnished, this is a rare offering with space and versatility in an unbeatable lake lifestyle setting. (id:63159)

Values & Trends

This listing

$412/sqft

Building average

No other active listings in this building

Jaffray and Vicinity average

$757/sqft

6 active listing(s)

Parking: 1 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Cranbrook

Mainly Clear

13°C

Mainly Clear

Humidity 71%

Wind W 4 km/h

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Jaffray Elem-Jr SecondaryElementary/Middle22.2 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: 8.3% ($124,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,199,920.00
Periodic payment — Principal & Interest (monthly)$7,741.48
Additional monthly expenses (strata, tax, utilities, etc.)$491.41
Total monthly cost$8,232.89
Interest paid over 5-yr term$343,900.52
Balance at end of term$1,079,331.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$124,990
Stress test qualifying rate8.09%
Payment you must qualify for$10,572.58

Cash Needed at Closing

Minimum down payment$124,990
Estimated BC PTT$27,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$154,488

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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