Property Type: OtherOwnership: Freehold

5888 Lazy Lake Road

Wasa, BC V0B2K0

$1,249,000

4 bed2 bath1,296 sqftBuilt 1996
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Property Details

Property & Lot

Sub-type
Other
Stories
2
Lot size
84.26 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$1,456.57

Interior

Heating
Forced air, Electric
Fireplace
None

Exterior & Lot

Waterfront
Waterfront on creek

Parking

Features
Covered

Room Dimensions

RoomLevelDimensions
Full bathroomBasement4'11'' x 5'2''
BedroomBasement13'1'' x 10'8''
BedroomBasement9'8'' x 11'
Full bathroomMain level5' x 10'
BedroomMain level8'6'' x 10'
Primary BedroomMain level17' x 11'5''
Living roomMain level14'1'' x 23'
Dining roomMain level11'6'' x 10'3''
KitchenMain level11'6'' x 10'8''

Listing Information

MLS®
10382580
Listed
April 10, 2026
Time on market
On the market for 143 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Purcell Realty Ltd · Data source: CREA DDF.

Description

This scenic 84-acre property offers an exceptional blend of usable land and natural beauty, with approximately 48 acres in pasture and water rights to Lewis Creek, including domestic use and up to 102 acre-feet annually via a gravity-fed irrigation main line. Lewis Creek meanders through the property, adding charm and function, and a recently rebuilt bridge ensures reliable access. The 1,296 sq ft main floor home features 2 bedrooms and a full, partially finished basement with space for 2 additional bedrooms. Located just minutes from Lazy Lake, the property boasts sweeping mountain views, a triple carport, and a large heritage barn full of potential, though it requires repair. A rare opportunity for a working or hobby farm in a picturesque setting. (id:63159)

Values & Trends

This listing

$964/sqft

Building average

No other active listings in this building

Wasa Rural average

No comparable active listings

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: Cranbrook

Mainly Clear

16°C

Mainly Clear

Humidity 56%

Wind SW 9 km/h

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

No schools found within a reasonable distance of this property.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Rocky Mountain (SD6)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($99,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$999,200.00
Periodic payment — Principal & Interest (monthly)$6,446.50
Additional monthly expenses (strata, tax, utilities, etc.)$186.38
Total monthly cost$6,632.88
Interest paid over 5-yr term$286,373.59
Balance at end of term$898,783.63

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$99,900
Stress test qualifying rate8.09%
Payment you must qualify for$8,836.18

Cash Needed at Closing

Minimum down payment$99,900
Estimated BC PTT$22,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$124,380

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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