Property Type: Detached HouseOwnership: Freehold

5529 Highway 31

Mirror Lake, BC V0G1M0

$559,000

2 bed1 bath1,018 sqftBuilt 1968
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Property Details

Property & Lot

Sub-type
House
Stories
1.5
Lot size
0.45 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,423.65

Interior

Heating
Heat Pump, Baseboard heaters, Electric
Cooling / A/C
Heat Pump
Fireplace
None
Flooring
Carpeted, Vinyl, Bamboo

Exterior & Lot

Exterior features
Wood
View
Lake view, Mountain view

Building

Foundation
Stone
Roof
Metal, Unknown

Parking

Features
Covered, Additional Parking

Room Dimensions

RoomLevelDimensions
BedroomSecond level10'8'' x 12'0''
Family roomMain level13'5'' x 13'0''
Living roomMain level12'5'' x 10'11''
Dining roomMain level6'6'' x 8'6''
Primary BedroomMain level9'6'' x 9'7''
KitchenMain level8'11'' x 12'1''
Full bathroomMain level
Laundry roomMain level7'3'' x 7'7''
Mud roomMain level3'7'' x 9'5''

Listing Information

MLS®
10392903
Listed
June 26, 2026
Time on market
On the market for 66 days
Data last synced
August 28, 2026

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

Description

Discover the perfect blend of comfort, charm, and stunning natural beauty in this delightful 2-bedroom, 1-bath home, nestled on a beautifully landscaped 0.45-acre lot near picturesque Mirror Lake and just minutes from Kaslo, BC. This lovingly maintained home is designed for year-round enjoyment, featuring breathtaking lake and mountain views from your own backyard. Step into a warm and welcoming interior with updated heat pump systems for efficient year-round climate control. The open-concept kitchen and living area flow seamlessly onto a spacious patio, perfect for entertaining or relaxing. The covered BBQ area and lounging space make outdoor living effortless in any season. The yard is a gardener’s dream—fully landscaped and dotted with mature fruit trees, perfect for enjoying fresh produce straight from your garden. Storage is abundant with a workshop area, garden shed, and a double covered carport. Whether you're looking for a peaceful retreat, a place to grow, or a base for outdoor adventures, this property has it all. Come experience the tranquility and charm—this is a home that truly needs to be seen to be appreciated. (id:63159)

Values & Trends

This listing

$549/sqft

Building average

No other active listings in this building

Balfour to Kaslo West average

$600/sqft

6 active listing(s)

Parking: Not indicatedStorage 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: Nelson

16°C

Humidity 68%

Wind NE 2 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
J V Humphries Elem-SecondaryK-125.0 km
Crawford Bay Elem-SecondaryK-1221.5 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: 5.5% ($30,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$447,200.00
Periodic payment — Principal & Interest (monthly)$2,885.18
Additional monthly expenses (strata, tax, utilities, etc.)$252.97
Total monthly cost$3,138.15
Interest paid over 5-yr term$128,168.81
Balance at end of term$402,257.85

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$30,900
Stress test qualifying rate8.09%
Payment you must qualify for$4,060.90

Cash Needed at Closing

Minimum down payment$30,900
Estimated BC PTT$9,180
Legal / closing costs (typical estimate)$1,500
Total cash needed$41,580

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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