Property Type: OtherOwnership: Freehold

309 Highway 3

Erickson, BC V0B1G1

$575,000

2 bed1 bath1 parking768 sqftBuilt 1968
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Property Details

Property & Lot

Sub-type
Other
Stories
1
Lot size
4.89 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$2,960.4

Interior

Heating
See remarks
Fireplace
None

Parking

Total spaces
1 — covered indicated
Features
Attached Garage, Additional Parking

Room Dimensions

RoomLevelDimensions
Full bathroomMain level
BedroomMain level9'8'' x 10'4''
Primary BedroomMain level13' x 10'
Living roomMain level11'3'' x 18'
Dining roomMain level8'6'' x 8'
KitchenMain level11'6'' x 8'8''

Listing Information

MLS®
10396868
Listed
August 11, 2026
Time on market
On the market for 20 days
Data last synced
August 28, 2026

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

Description

This property represents one of six cherry orchard parcels being offered in the Erickson area. Buyers have the flexibility to purchase this parcel independently or acquire it together with some or all of the remaining five properties as a combined portfolio. This 4.89 acre property offers an established cherry orchard with a modest residence, suited for a buyer seeking orchard acreage with room to update the home over time. Some of this property is planted in cherry trees, providing an existing production base along the Highway 3 corridor in Erickson. The home offers 768 sq ft on the main floor with 2 bedrooms and an unfinished basement, offering potential to expand living space. The residence includes an attached garage, along with an additional outbuilding on the property. Property is offered on an ""as is, where is"" basis. Buyers are advised to conduct their own independent verification of all acreage, square percentage, building dimensions, and other information contained herein. (id:63159)

Values & Trends

This listing

$749/sqft

Building average

No other active listings in this building

Erickson average

$482/sqft

10 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: 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.

Nearby Schools

SchoolTypeDistance
Erickson ElementaryElementary656 m
Kootenay River SecondarySecondary2.1 km
Canyon/Lister ElementaryElementary2.2 km
Adam Robertson ElementaryElementary3.0 km
Yaqan Nukiy School(Independent)Elementary4.1 km
Kootenay Valley Christian School(Independent)Elementary/Middle4.3 km
Mormon Hills Elementary Secondary(Independent)Elementary/Middle9.1 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)

Similar Listings Nearby

Similar active properties nearby based on property type, price, and size.

Mortgage & Ownership Cost Calculator

Minimum required: 5.7% ($32,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$460,000.00
Periodic payment — Principal & Interest (monthly)$2,967.76
Additional monthly expenses (strata, tax, utilities, etc.)$284.70
Total monthly cost$3,252.46
Interest paid over 5-yr term$131,837.32
Balance at end of term$413,771.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$32,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,171.64

Cash Needed at Closing

Minimum down payment$32,500
Estimated BC PTT$9,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$43,500

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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