Property Type: Land / LotOwnership: Strata

400 Lexington Avenue

Procter, BC V0G1V0

$149,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.63 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Strata
Strata / maintenance fee
$27/mo
Annual property tax
$519.27

Maintenance Fee Includes

Also included: Insurance, Other, See Remarks

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Listing Information

MLS®
10383905
Listed
April 17, 2026
Time on market
On the market for 136 days
Data last synced
August 28, 2026

Listing provided by: Bennett Family Real Estate · Data source: CREA DDF.

Description

BUILD READY LOT! This is an amazing opportunity to build your dream home on a stunning lake-view lot primed for your vision in the Uplands Proctor Development. Located approximately 45 minutes from Nelson, including the short cable ferry ride, you will discover this .63 acre property offers the perfect balance of privacy, excellent sun exposure, and convenient beach access. Rarely can you find a lot in such a superb location where the owner has already incurred the significant expense and time to make the site truly ""build-ready."" The property features a building site already excavated, complete with a power pole installed by Nelson Hydro, a pre-dug hole for the septic tank, and water and septic lines ready to tie into the community systems. To ensure a seamless transition from vision to reality, a geotechnical report is already complete and the strata has already approved the seller's existing building plans. Development guidelines will allow for strategic tree removal to further enhance your panoramic lake views. With no mandate to build immediately, this lot is an absolute gem at this price point. Located minutes from the charming village of Procter, you will find a community with essentials such as a store, bakery and community hall. Reach out today to secure this head start on your dream lifestyle! (id:63159)

Location Insights

Weather

Nearest station: Nelson

13°C

Humidity 80%

Wind ESE 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 SchoolElementary8.3 km
Crawford Bay Elem-SecondaryK-129.9 km
des Sentiers-alpinsElementary/Middle21.8 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% ($7,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$119,920.00
Periodic payment — Principal & Interest (monthly)$773.68
Additional monthly expenses (strata, tax, utilities, etc.)$69.94
Total monthly cost$843.63
Interest paid over 5-yr term$34,369.42
Balance at end of term$107,868.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,495
Stress test qualifying rate8.09%
Payment you must qualify for$1,095.04

Cash Needed at Closing

Minimum down payment$7,495
Estimated BC PTT$1,499
Legal / closing costs (typical estimate)$1,500
Total cash needed$10,494

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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