Property Type: Land / LotOwnership: Freehold

241 CORRAL Boulevard

Cranbrook, BC V1C0C2

$120,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.52 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$130/mo
Annual property tax
$2,504.25

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, View (panoramic)

Listing Information

MLS®
10394118
Listed
July 10, 2026
Time on market
On the market for 52 days
Data last synced
August 28, 2026

Listing provided by: Real Broker B.C. Ltd · Data source: CREA DDF.

Description

Welcome to River Valley Estates – Where Your Dream Home Awaits! Discover the perfect opportunity to build your ideal home in one of Cranbrook’s most picturesque estate communities. Lot 13 is a premium interior lot featuring a south-facing front yard and a north-facing backyard, designed to capture beautiful backyard views and sun-filled living spaces. Set on nearly .53 acres, this elevated lot offers a range of unique building possibilities. With no immediate rear neighbours, you’ll enjoy enhanced privacy and sweeping views that truly set this property apart. Step outside your future home and enjoy easy access to scenic recreational trails, the peaceful St. Mary’s River, and a wealth of year-round outdoor adventures. Located just minutes from downtown Cranbrook, the international airport, Kimberley Alpine Resort, and some of BC’s best lakes, fishing spots, and hiking trails, this is a location that blends natural beauty with everyday convenience. Bonus: Zoned for multiple housing options (up to 4 units), offering excellent potential for multi-generational living or investment opportunities. Don’t miss your chance to live the ultimate Kootenay lifestyle—start building your dream today! (id:63159)

Location Insights

Weather

Mainly Clear

13°C

Mainly Clear

Humidity 69%

Wind SW 9 km/h

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

20,499

(2021 Census)

+2.3% since 2016

Density: 641.2/km²

Dwellings: 9,058

Median household income: $80,000

After-tax: $72,500

Immigrant population: 8.7%

Top countries of origin (% of total population)

  • United Kingdom1.4% · 290
  • United States of America1% · 205
  • Philippines0.9% · 175
  • Germany0.6% · 115
  • Jamaica0.5% · 105
  • South Africa, Republic of0.4% · 90
  • Italy0.4% · 75
  • Ukraine0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Kootenay Christian Academy(Independent)K-126.5 km
Pinewood ElementaryElementary6.7 km
Steeples ElementaryElementary7.0 km
Mount Baker SecondaryElementary7.1 km
Kootenay Educational ServicesSecondary7.2 km
Laurie Middle SchoolMiddle7.6 km
T M Roberts ElementaryElementary8.1 km
St Mary's Catholic Independent(Independent)Elementary8.3 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($6,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$96,000.00
Periodic payment — Principal & Interest (monthly)$619.36
Additional monthly expenses (strata, tax, utilities, etc.)$338.69
Total monthly cost$958.05
Interest paid over 5-yr term$27,513.88
Balance at end of term$86,352.31

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$6,000
Stress test qualifying rate8.09%
Payment you must qualify for$876.62

Cash Needed at Closing

Minimum down payment$6,000
Estimated BC PTT$1,200
Legal / closing costs (typical estimate)$1,500
Total cash needed$8,700

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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