Property Type: Detached HouseOwnership: Freehold

1726 31 Highway

Queens Bay, BC V0B1M1

$1,699,900

2 bed2.5 bath1,252 sqftBuilt 1945
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
2.38 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,050.71

Interior

Heating
Baseboard heaters, Stove, Wood
Fireplace
Yes (1)
Fireplace type
Free Standing Metal
Flooring
Vinyl

Exterior & Lot

View
Lake view, Mountain view
Waterfront
Waterfront on lake

Building

Roof
Asphalt shingle, Unknown

Parking

Features
Surfaced

Room Dimensions

RoomLevelDimensions
Utility roomMain level6'6'' x 8'4''
Family roomSecond level11'10'' x 12'8''
StorageSecond level22'4'' x 27'2''
Primary BedroomMain level11'8'' x 12'7''
Partial bathroomMain level6'3'' x 8'3''
BedroomMain level8'3'' x 13'3''
Full bathroomMain level9'11'' x 11'7''
Living roomMain level13' x 10'11''
Dining roomMain level8'0'' x 9'9''
KitchenMain level21'4'' x 16'0''

Listing Information

MLS®
10393028
Listed
July 1, 2026
Time on market
On the market for 61 days
Data last synced
August 28, 2026

Listing provided by: Bennett Family Real Estate · Data source: CREA DDF.

Description

Nestled on one of the most coveted, sun-drenched shorelines of Kootenay Lake, this stunning and completely unique three-bedroom, two-bathroom Queens Bay home is a true masterpiece that has been thoughtfully renovated. The main floor features a wall of windows framing panoramic views of the water and Purcell Mountains, complemented by a cozy woodstove and stunning chef’s kitchen with a Wolf stove. The home offers two full baths, including a luxurious soaker tub. Massive lakeside decks are accessible from almost every room and feature a large covered area, an outdoor kitchen, a comfortable guest bunkie, and an outdoor shower. Complete with a private dock, great frontage, a large workshop, and a temperature-controlled wine cellar, everything is immaculately maintained. The attractive pricing reflects that the structures sit entirely within the Ministry of Transportation and Transit highway right-of-way. The MOTT offers no assurances regarding structural permanency, and the RDCK will not issue building permits without MOTT consent. As conventional financing is not an option, this property requires a cash buyer. However, this is a known regional paradigm; nine neighbouring properties share this status, and BC Assessment taxes the improvements as occupying Crown Land. For the right buyer, the subjective risk is far outweighed by the opportunity to own a turnkey piece of Queens Bay paradise at an exceptional value, this one is ready for a new family to live their lakeside dream. (id:63159)

Values & Trends

This listing

$1,358/sqft

Building average

No other active listings in this building

Balfour to Kaslo West average

$465/sqft

6 active listing(s)

Parking: Not indicatedStorage 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: Nelson

16°C

Humidity 68%

Wind NE 2 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
Redfish Elementary SchoolElementary8.4 km
Crawford Bay Elem-SecondaryK-129.2 km
des Sentiers-alpinsElementary/Middle21.9 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: 20.0% ($339,980) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,359,920.00
Periodic payment — Principal & Interest (monthly)$8,773.74
Additional monthly expenses (strata, tax, utilities, etc.)$400.56
Total monthly cost$9,174.30
Interest paid over 5-yr term$389,756.98
Balance at end of term$1,223,252.44

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$339,980
Stress test qualifying rate8.09%
Payment you must qualify for$10,457.31

Cash Needed at Closing

Minimum down payment$339,980
Estimated BC PTT$31,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$373,478

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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