Property Type: Condo / ApartmentOwnership: Strata

3499 Luoma Road Unit# 20

Malakwa, BC V0E2J0

$50,000

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Property Details

Property & Lot

Sub-type
Other

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$201/mo
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
10398381
Listed
August 24, 2026
Time on market
On the market for 7 days
Data last synced
August 28, 2026

Listing provided by: REMAX Shuswap · Data source: CREA DDF.

Description

Lot 20-3499 Luoma Rd located at Cedars RV Resort in beautiful Malakwa just 10 min drive to Sicamous, Shuswap Lake & Mara Lake. If you are searching for a quiet, peaceful resort to set up for the season that represents all the beauty BC has to offer while being readily accessible to lakes, trails, and vibrant communities this is the perfect place to be. With an existing wooden deck ready to park your RV next to, hook ups for 30-amp power/water/septic, storage shed, fire pit, and patio furniture you are all set to vacation in this 3-season lot! This is a share sale property which means it is a cash sale and will not qualify for a traditional mortgage. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Sicamous average

$822/sqft

3 active listing(s)

Parking: Not indicatedStorage 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: Revelstoke

Clear

13°C

Clear

Humidity 91%

Wind WSW 4 km/h

Tonight

10°

Tuesday

25°

Tuesday night

13°

Wednesday

22°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Parkview Elementary SchoolElementary12.9 km
Eagle River SecondaryK-1213.0 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($2,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$40,000.00
Periodic payment — Principal & Interest (monthly)$258.07
Additional monthly expenses (strata, tax, utilities, etc.)$201.48
Total monthly cost$459.55
Interest paid over 5-yr term$11,464.11
Balance at end of term$35,980.13

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$2,500
Stress test qualifying rate8.09%
Payment you must qualify for$365.26

Cash Needed at Closing

Minimum down payment$2,500
Estimated BC PTT$500
Legal / closing costs (typical estimate)$1,500
Total cash needed$4,500

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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