Property Type: Land / LotOwnership: Freehold

3532 Mount Royal Drive

Cranbrook, BC V1C0C4

$249,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.6 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,079.7

Interior

Fireplace
None

Exterior & Lot

View
Mountain view, View (panoramic)

Restrictions & Policies

Rentals
Allowed

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

Listing Information

MLS®
10396771
Listed
August 4, 2026
Time on market
On the market for 27 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Blue Sky Realty · Data source: CREA DDF.

Description

Mt. Royal Estates! This beautiful 0.60 acre lot with a Purcell Mountain View to watch our spectacular sunsets and Northern Lights backs onto a walkway to the Community Forest. Just out your back gate is a 4 season playground: hike, bike, cross country ski off your deck. All services are at the property line - so a gorgeous view, flat drive. Grab your floor plans, call your builder and make your dreams come true! (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-121.1 km
Steeples ElementaryElementary1.6 km
Kootenay Educational ServicesSecondary2.6 km
Laurie Middle SchoolMiddle2.7 km
Mount Baker SecondaryElementary2.8 km
Highlands ElementaryElementary2.9 km
St Mary's Catholic Independent(Independent)Elementary3.4 km
Pinewood ElementaryElementary3.5 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% ($12,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$199,920.00
Periodic payment — Principal & Interest (monthly)$1,289.82
Additional monthly expenses (strata, tax, utilities, etc.)$256.64
Total monthly cost$1,546.46
Interest paid over 5-yr term$57,297.65
Balance at end of term$179,828.69

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$12,495
Stress test qualifying rate8.09%
Payment you must qualify for$1,825.56

Cash Needed at Closing

Minimum down payment$12,495
Estimated BC PTT$2,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$16,993

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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