Property Type: Condo / ApartmentOwnership: Strata

326 Mara Lake Lane Unit# 401

Sicamous, BC V0E2V1

$474,900

2 bed1 bath3 parking806 sqftBuilt 2009
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Amenities

Also listed: Storage - Locker, Sauna, Clubhouse

Property Details

Property & Lot

Sub-type
Apartment
Stories
1
Frontage
400 feet

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$541/mo
Annual property tax
$2,442.81

Interior

Heating
Electric, Geothermal
Cooling / A/C
Central air conditioning, Geothermal
Fireplace
None
Flooring
Tile, Carpeted, Other

Exterior & Lot

Exterior features
Stone, Stucco
Pool
Outdoor pool

Building

Roof
Other, Unknown

Parking

Total spaces
3 — covered indicated
Features
Attached Garage, Underground, Parkade, Stall, Oversize, Heated Garage, Additional Parking

Restrictions & Policies

Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
Living roomMain level6'10'' x 12'4''
Dining roomMain level9'0'' x 11'11''
KitchenMain level11'4'' x 11'11''
BedroomMain level6'11'' x 8'3''
Primary BedroomMain level11'10'' x 11'7''
4pc BathroomMain level8'8'' x 9'2''
OtherMain level9'6'' x 11'7''
Laundry roomMain level4'0'' x 8'8''

Listing Information

MLS®
10367660
Listed
November 5, 2025
Time on market
On the market for 299 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Welcome to The Legacy — the Shuswap’s premier lakefront resort community, known for its million-dollar residences, private marina, sandy beach, and full luxury amenities. This is the only active listing under $500,000 at Legacy, giving you the same exclusive lifestyle and resort privileges at a fraction of the cost. Constructed in premium reinforced concrete with high-end finishings throughout, the building and unit show exceptional care and quality. The additional secured P2 parking stall was acquired this summer, without increasing monthly strata fees, offering rare flexibility for extra larger vehicles, toys, or seasonal storage. This two bedroom, one bathroom executive residence features granite counters, cork flooring, stainless steel appliances, wine fridge, and in-suite laundry. The bright balcony provides comfortable space for BBQ and outdoor dining. Turn-key and complete with a deeded deep-water boat slip (#37), three underground parking stalls, and a storage locker. Residents enjoy 400 feet of soft beach, heated pool, kids’ pool, hot tub, fitness & steam rooms, entertainment lounges, and guest suites. Pet-friendly (one dog to 19 inches or one cat). Short-term rentals permitted with business license in place. A true four-season getaway close to town, world-class snowmobiling, boating, skiing, hiking, golf and more. Experience luxury lake life — made attainable. (id:63159)

Values & Trends

This listing

$589/sqft

Building average

$507/sqft

1 active listing(s)

Sicamous average

$439/sqft

6 active listing(s)

Parking: 3 stall(s) includedStorage locker: Included

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: Salmon Arm

16°C

Humidity 84%

Wind SSE 5 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Population

2,613

(2021 Census)

+7.6% since 2016

Density: 204.1/km²

Dwellings: 1,905

Median household income: $65,000

After-tax: $60,400

Immigrant population: 5.7%

Top countries of origin (% of total population)

  • United Kingdom1.5% · 40
  • United States of America1% · 25
  • Germany0.6% · 15
  • Italy0.4% · 10
  • Netherlands0.4% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Parkview Elementary SchoolElementary1.5 km
Eagle River SecondaryK-122.0 km
North Canoe ElementaryElementary19.9 km
Shuswap SDA(Independent)Elementary/Middle21.2 km
South CanoeElementary/Middle22.4 km
Salmon Arm SecondarySecondary23.2 km
South Broadview ElementaryElementary23.5 km
Bastion ElementaryElementary23.6 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: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$379,920.00
Periodic payment — Principal & Interest (monthly)$2,451.11
Additional monthly expenses (strata, tax, utilities, etc.)$784.85
Total monthly cost$3,235.96
Interest paid over 5-yr term$108,886.16
Balance at end of term$341,739.27

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,745
Stress test qualifying rate8.09%
Payment you must qualify for$3,469.22

Cash Needed at Closing

Minimum down payment$23,745
Estimated BC PTT$7,498
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,743

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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