Property Type: Land / LotOwnership: Freehold

387 GALENA SHORES Drive

Galena Bay, BC V0G1R2

$162,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.7 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$172/mo
Annual property tax
$1,157.32

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10396237
Listed
August 4, 2026
Time on market
On the market for 27 days
Data last synced
August 28, 2026

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

Description

Nestled in the sought-after lakeside community of Galena Shores, this scenic 0.70-acre lot is ready for your dream home or recreational getaway. All essential services are conveniently located at the lot line, including community water, sewer, and underground power. The property measures approximately 117 feet wide by 237 feet deep and features a well-established driveway off a private road. A beautiful stand of mature hardwood trees provides privacy as you enter, opening into a spacious grassy clearing that's perfectly suited for a future home or cabin. Enjoy breathtaking mountain views in every direction from the building site. A private trail from the lot winds through a peaceful forest to a shared lakeside trail, leading to the community beach and swimming area in just a two-minute walk. Just a few hundred metres down the road, residents have exclusive access to a private boat launch on the lake. Nearby, a community amenities building offers laundry facilities, washrooms, and showers—an added convenience for owners enjoying the property before building or spending weekends at the lake. Whether you're looking to build your forever home, a vacation retreat, or simply enjoy the lifestyle Galena Shores has to offer, this fully serviced property combines natural beauty, recreation, and convenience in one exceptional package. (id:63159)

Location Insights

Weather

Nearest station: Revelstoke

Mostly Cloudy

13°C

Mostly Cloudy

Humidity 97%

Wind WSW calm km/h

Tonight

10°

Tuesday

25°

Tuesday night

13°

Wednesday

22°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Arrow Lakes (SD10)

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Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($8,100) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$129,600.00
Periodic payment — Principal & Interest (monthly)$836.14
Additional monthly expenses (strata, tax, utilities, etc.)$268.01
Total monthly cost$1,104.15
Interest paid over 5-yr term$37,143.73
Balance at end of term$116,575.62

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$8,100
Stress test qualifying rate8.09%
Payment you must qualify for$1,183.44

Cash Needed at Closing

Minimum down payment$8,100
Estimated BC PTT$1,620
Legal / closing costs (typical estimate)$1,500
Total cash needed$11,220

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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