Property Type: Land / LotOwnership: Freehold

397 Park Avenue

Procter, BC V1L0B6

$277,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.28 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$160/mo
Annual property tax
$1,586.49

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View (panoramic)
Waterfront
Waterfront on lake

Listing Information

MLS®
10371760
Listed
January 7, 2026
Time on market
On the market for 236 days
Data last synced
August 28, 2026

Listing provided by: Fair Realty (Kaslo) · Data source: CREA DDF.

Description

Leave the pace of the city behind and settle into the relaxed lakeside lifestyle of Kootenay Village in Procter, BC. Located just 30 minutes from Nelson, this prime waterfront lot offers approximately 0.28 acres with beautiful lake and mountain views in a peaceful, well-established community. Utilities are available, and the property benefits from access to shared community amenities. Surrounding you are walking trails, community parks and gardens, and a beach park just steps away, making it easy to enjoy the outdoors year-round. Set along the shores of Kootenay Lake and backed by an ancient forest, Kootenay Village is known for its natural beauty and sense of community. The property includes approved reduced setbacks from the water, offering enhanced privacy and flexibility for future development. Significant site work has already been completed, including a retaining wall and beach rock shoreline, helping move your building plans forward. This is an excellent opportunity to create a custom lakeside home or retreat in one of the West Kootenays’ most desirable waterfront communities. (id:63159)

Location Insights

Weather

Nearest station: Nelson

16°C

Humidity 65%

Wind E 4 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Redfish Elementary SchoolElementary8.7 km
Crawford Bay Elem-SecondaryK-129.6 km
des Sentiers-alpinsElementary/Middle22.2 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% ($13,850) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$221,600.00
Periodic payment — Principal & Interest (monthly)$1,429.69
Additional monthly expenses (strata, tax, utilities, etc.)$292.21
Total monthly cost$1,721.90
Interest paid over 5-yr term$63,511.20
Balance at end of term$199,329.92

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$13,850
Stress test qualifying rate8.09%
Payment you must qualify for$2,023.53

Cash Needed at Closing

Minimum down payment$13,850
Estimated BC PTT$3,540
Legal / closing costs (typical estimate)$1,500
Total cash needed$18,890

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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