Property Type: Condo / ApartmentOwnership: Strata

40 RIDGEMONT Avenue Unit# 101

Fernie, BC V0B1M2

$475,500

3 bed1 bath1 parking1,185 sqftBuilt 1968
Get Directions

Property Details

Property & Lot

Sub-type
Apartment
Stories
1

Ownership & Fees

Property type
Condo / Apartment
Ownership
Strata
Strata / maintenance fee
$403/mo
Annual property tax
$3,606

Interior

Heating
Hot Water
Fireplace
None

Exterior & Lot

Exterior features
Wood, Stucco
View
Mountain view

Building

Roof
Tar & gravel, Unknown

Parking

Total spaces
1

Restrictions & Policies

Pets
Allowed

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

Room Dimensions

RoomLevelDimensions
StorageMain level6'4'' x 5'0''
4pc BathroomMain level
BedroomMain level9'9'' x 10'9''
BedroomMain level10'6'' x 14'3''
Primary BedroomMain level12'2'' x 14'7''
Dining roomMain level7'10'' x 10'2''
KitchenMain level7'7'' x 8'5''
Living roomMain level12'0'' x 18'8''
FoyerMain level7'10'' x 4'0''

Listing Information

MLS®
10396577
Listed
July 31, 2026
Time on market
On the market for 31 days
Data last synced
August 28, 2026

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

Description

This bright 3-bedroom, 1-bathroom, corner apartment is move in ready. Conveniently located super close to Fernie's historic downtown core, local schools, trail network, dog park and more. Low strata fees include heat and hot water making monthly budgeting a breeze. Located on the lower level, this unit remains cool in the summers and the large windows throughout the unit offer loads of light and mountain views both west and north about the valley. The layout of these large corner units is well designed: a functional galley kitchen which flows into a generous dining space and adjoining, sizeabe living room. Down the hallway you'll find huge, main bedroom, + additional 2 good-sized bedrooms, a four-piece bathroom and a large storage room. Shared laundry is conveniently located a few steps down the hall. This complex is well known for being a great place to call home - this unit is perfect for many types of buyers including vacation owners, first time buyers and those seeking a simpler space/life. On and off-street parking, secure entry and landscaped grounds are just some of the bonuses of living here. Book a showing today! (id:63159)

Values & Trends

This listing

$401/sqft

Building average

No other active listings in this building

Fernie average

$393/sqft

16 active listing(s)

Parking: 1 stall(s) includedStorage 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: Sparwood

Mainly Sunny

12°C

Mainly Sunny

Humidity 72%

Wind SE 4 km/h

Tonight

Tuesday

26°

Tuesday night

Wednesday

21°

Wednesday night

Thursday

18°

Source: Environment and Climate Change Canada.

Population

6,320

(2021 Census)

+17.1% since 2016

Density: 418.3/km²

Dwellings: 3,256

Median household income: $107,000

After-tax: $92,000

Immigrant population: 13.8%

Top countries of origin (% of total population)

  • United Kingdom4.4% · 275
  • United States of America1.3% · 80
  • Germany0.8% · 50
  • Italy0.6% · 40
  • France0.6% · 35
  • Philippines0.5% · 30
  • Russian Federation0.2% · 15
  • Hong Kong0.2% · 15

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

41

6/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Isabella Dicken ElementaryElementary486 m
The Fernie Academy(Independent)K-12706 m
Fernie SecondaryK-12912 m
Sophie-MorigeauElementary2.1 km
Jaffray Elem-Jr SecondaryElementary/Middle23.3 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.

Nearby Places

Restaurants (4)

  • The Fernie Taphouse · 691 1st Avenue468 m
  • The Loaf · 641 2nd Avenue541 m
  • Lunchbox · 561A 2nd Avenue628 m
  • Nevados · 531 2nd Avenue648 m

Cafes (3)

  • Freshies Cafe · 601A 2nd avenue567 m
  • Mug Shots632 m
  • Big Bang bagels · 502 2nd Avenue640 m

Grocery (1)

  • Save-On-Foods · 792 2nd Avenue392 m

Parks (2)

  • Unnamed165 m
  • Unnamed750 m

Pharmacies (1)

  • Save-On-Foods · 792 2nd Avenue399 m

Banks & ATMs (2)

  • CIBC · 501 2nd Avenue656 m
  • Scotiabank · 502 3rd Avenue697 m

Nearby places data: © OpenStreetMap contributors.

School district: South East Kootenay (SD5)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($23,775) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$380,400.00
Periodic payment — Principal & Interest (monthly)$2,454.21
Additional monthly expenses (strata, tax, utilities, etc.)$762.50
Total monthly cost$3,216.71
Interest paid over 5-yr term$109,023.73
Balance at end of term$342,171.03

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$23,775
Stress test qualifying rate8.09%
Payment you must qualify for$3,473.61

Cash Needed at Closing

Minimum down payment$23,775
Estimated BC PTT$7,510
Legal / closing costs (typical estimate)$1,500
Total cash needed$32,785

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.

Request more information