Property Type: Land / LotOwnership: Freehold

3930 3 Highway

Erickson, BC V0B1K0

$299,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
1.7 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$3,076.74

Interior

Fireplace
None

Building

Water source
Community Water User's Utility
Sewer
Septic tank
Utilities
Water, Sewer, Electricity
Parcel ID (PID)
008-501-840

Listing Information

MLS®
10357970
Listed
July 31, 2025
Time on market
On the market for 396 days
Data last synced
August 31, 2026

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

Description

Unmatched Valley & Mountain Views – Ready to Build! Welcome to one of the most captivating view properties on the market. Perfectly positioned to capture sweeping, unobstructed views of the valley and surrounding mountains, this fully serviced lot offers an exceptional opportunity to build your dream home in a truly breathtaking setting. A paved wrap-around driveway leads you to a level building site, ready for construction—with an additional area ideal for a garage, shop, or outbuilding. Mature trees and thoughtfully maintained landscaping offer privacy, charm, and a sense of natural serenity that has taken years to cultivate. Bring your vision—and your home plans—and make it yours! (id:63159)

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 ElementaryElementary797 m
Canyon/Lister ElementaryElementary1.6 km
Kootenay River SecondarySecondary3.4 km
Adam Robertson ElementaryElementary4.2 km
Yaqan Nukiy School(Independent)Elementary5.3 km
Kootenay Valley Christian School(Independent)Elementary/Middle5.4 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($14,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$239,200.00
Periodic payment — Principal & Interest (monthly)$1,543.24
Additional monthly expenses (strata, tax, utilities, etc.)$256.40
Total monthly cost$1,799.63
Interest paid over 5-yr term$68,555.41
Balance at end of term$215,161.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$14,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,184.25

Cash Needed at Closing

Minimum down payment$14,950
Estimated BC PTT$3,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$20,430

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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