Property Type: Land / LotOwnership: Freehold

248 CORRAL Boulevard

Cranbrook, BC V1C0C2

$155,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.7 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$130/mo
Annual property tax
$2,660.49

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, View (panoramic)

Listing Information

MLS®
10394123
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

Discover River Valley Estates – Build your dream home today! Now is your opportunity to create the perfect home in the heart of this breathtaking estate community. Lot 20 is nestled right in the center of the neighborhood and backs onto the show mountain gold course. This wide frontage corner lot with .70 acres will allow you to build a stunning home. The lot features a gradual slope which would work for a variety of build options and being one of the only true corner lots opens up endless building design options. This stunning lot offers convenient access to scenic recreational trails and the serene St. Mary’s River. For golf enthusiasts, it's a dream come true – the property is surrounded by the prestigious Shadow Mountain Golf Course. Plus, you’ll be just minutes from Cranbrook, with easy access to the Kimberley Alpine Resort, international airport, and some of the best lakes and fishing spots in the world. Zoned for multiple housing configuration options and density (Up to 4 units), great for multi-generational living or for investment. (id:63159)

Location Insights

Weather

Mainly Clear

16°C

Mainly Clear

Humidity 56%

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 ElementaryElementary6.8 km
Steeples ElementaryElementary7.0 km
Mount Baker SecondaryElementary7.2 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% ($7,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$124,000.00
Periodic payment — Principal & Interest (monthly)$800.01
Additional monthly expenses (strata, tax, utilities, etc.)$351.71
Total monthly cost$1,151.71
Interest paid over 5-yr term$35,538.76
Balance at end of term$111,538.40

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,750
Stress test qualifying rate8.09%
Payment you must qualify for$1,132.30

Cash Needed at Closing

Minimum down payment$7,750
Estimated BC PTT$1,550
Legal / closing costs (typical estimate)$1,500
Total cash needed$10,800

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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