Property Type: Land / LotOwnership: Freehold

2628 3 Highway

Erickson, BC V0B1G1

$235,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.53 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,010

Interior

Fireplace
None

Exterior & Lot

View
City view, Mountain view, View (panoramic)

Listing Information

MLS®
10391906
Listed
June 19, 2026
Time on market
On the market for 73 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Assurance Realty Ltd · Data source: CREA DDF.

Description

Endless possibilities for this .53 of an acre property in Erickson! This highly visible corner lot offers fantastic views of the Creston Valley and the mountains beyond. Zoned R-1, this oversized residential building lot is large enough to accommodate a duplex or just build your dream home and have an expansive yard with plenty of room for a workshop or garage. The land has been leveled to maximize the use of the entire property. Power runs by on the road and Erickson water is the water provider for the area. The Buyer will be responsible to have their own sewage disposal system installed on the property. The Seacans on the property are not included however may be available for purchase directly from the Seller. Choose your building plan, talk to your Realtor, and come take a look. No comparison on the market at this time. Develop for yourself or consider going in with a friend or relative to build a duplex to keep or sell, check out your options! (id:63159)

Location Insights

Weather

Nearest station: Creston

17°C

Humidity 57%

Wind NW 10 km/h

Tonight

12°

Tuesday

28°

Tuesday night

14°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Kootenay River SecondarySecondary896 m
Adam Robertson ElementaryElementary1.8 km
Erickson ElementaryElementary1.9 km
Kootenay Valley Christian School(Independent)Elementary/Middle3.1 km
Canyon/Lister ElementaryElementary3.4 km
Yaqan Nukiy School(Independent)Elementary3.7 km
Mormon Hills Elementary Secondary(Independent)Elementary/Middle9.9 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.

Nearby Places

Parks (1)

  • Burns Park393 m

Nearby places data: © OpenStreetMap contributors.

School district: Kootenay Lake (SD8)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($11,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$188,000.00
Periodic payment — Principal & Interest (monthly)$1,212.91
Additional monthly expenses (strata, tax, utilities, etc.)$84.17
Total monthly cost$1,297.08
Interest paid over 5-yr term$53,881.34
Balance at end of term$169,106.61

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$11,750
Stress test qualifying rate8.09%
Payment you must qualify for$1,716.71

Cash Needed at Closing

Minimum down payment$11,750
Estimated BC PTT$2,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$15,950

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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