Property Type: Detached HouseOwnership: Freehold

4962 RIVERSIDE Drive

Fairmont Hot Springs, BC V0B1L1

$998,000

3 bed2 bath5 parking1,799 sqftBuilt 2024
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
0.24 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Strata / maintenance fee
$33/mo
Annual property tax
$3,702

Interior

Heating
Forced air
Cooling / A/C
Central air conditioning
Fireplace
Yes (1)
Fireplace type
Propane, Unknown
Flooring
Vinyl

Exterior & Lot

Exterior features
Stone, Other
View
Mountain view, View (panoramic)

Building

Foundation
Stone
Roof
Asphalt shingle, Unknown

Parking

Total spaces
5 — covered indicated
Features
Attached Garage, Oversize, See Remarks, Heated Garage

Restrictions & Policies

Pets
Allowed, Restrictions apply
Rentals
Allowed

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

Room Dimensions

RoomLevelDimensions
FoyerMain level6'7'' x 7'1''
Utility roomMain level7'6'' x 7'6''
Laundry roomMain level5'7'' x 11'7''
Full bathroomMain level9'10'' x 4'11''
BedroomMain level9'10'' x 9'6''
OtherMain level12'0'' x 12'11''
BedroomMain level9'7'' x 10'7''
Full ensuite bathroomMain level9'3'' x 7'11''
Primary BedroomMain level14'11'' x 12'5''
PantryMain level8'1'' x 5'5''
KitchenMain level12'4'' x 16'4''
Dining roomMain level12'6'' x 9'10''
Living roomMain level17'4'' x 13'8''

Listing Information

MLS®
10396190
Listed
July 29, 2026
Time on market
On the market for 33 days
Data last synced
August 28, 2026

Listing provided by: eXp Realty · Data source: CREA DDF.

Description

A resort setting. A real neighbourhood. A year-round home. Welcome to 4962 Riverside Drive, a 2024 custom luxury bungalow in Riverside Golf Estates, an established Fairmont Hot Springs community where many owners live year-round. Designed for effortless one-level living, this 3-bedroom, 2-bath home offers refined comfort in a peaceful golf-course and mountain setting. Large windows and triple-pane construction fill the home with natural light while supporting comfort in every season. The open kitchen and living area are both elegant and highly functional, featuring Bosch appliances, induction cooking, double wall ovens, a panelled refrigerator and dishwasher, quartz surfaces, and a beautifully appointed butler’s pantry with prep sink, microwave and bar fridge. The primary suite is a calm private retreat with a walk-in closet, double vanity and spacious walk-in shower. A separate guest wing includes two bedrooms, a full bath and a flexible lounge that could serve as a family room, office, fitness area or yoga space. Step outside to the generous covered deck and enjoy golf-course views, mountain air and a quiet sense of place. The oversized heated garage with epoxy flooring, high-efficiency furnace, A/C, humidifier, air purifier, reverse-osmosis system and water softener support comfortable full-time living. Beautifully finished and move-in ready, this home offers the everything you want for Bungalow living. (id:63159)

Values & Trends

This listing

$555/sqft

Building average

No other active listings in this building

Fairmont/Columbia Lake average

$371/sqft

28 active listing(s)

Parking: 5 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: Invermere

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Windermere ElementaryElementary16.8 km
Martin Morigeau ElementaryElementary19.6 km
Eileen Madson Primary SchoolElementary21.6 km
David Thompson SecondarySecondary22.2 km
J Alfred Laird ElementaryElementary22.3 km
Open Doors Alternate EducationSecondary22.7 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: Rocky Mountain (SD6)

Mortgage & Ownership Cost Calculator

Minimum required: 7.5% ($74,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$798,400.00
Periodic payment — Principal & Interest (monthly)$5,151.01
Additional monthly expenses (strata, tax, utilities, etc.)$431.83
Total monthly cost$5,582.84
Interest paid over 5-yr term$228,823.74
Balance at end of term$718,163.38

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,800
Stress test qualifying rate8.09%
Payment you must qualify for$7,099.08

Cash Needed at Closing

Minimum down payment$74,800
Estimated BC PTT$17,960
Legal / closing costs (typical estimate)$1,500
Total cash needed$94,260

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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