Property Type: Detached HouseOwnership: Freehold

6297 Squilax-Anglemont Road

Magna Bay, BC V0E1M7

$1,950,000

3 bed3.5 bath2 parking2,270 sqftBuilt 2001
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
47.79 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,500

Interior

Heating
Baseboard heaters, Forced air, Electric
Fireplace
Yes (1)
Fireplace type
Free Standing Metal
Flooring
Laminate, Carpeted, Linoleum

Exterior & Lot

Exterior features
Wood siding
View
Lake view, Mountain view
Waterfront
Waterfront on lake

Building

Roof
Metal, Unknown

Parking

Total spaces
2 — covered indicated
Features
Detached Garage

Room Dimensions

RoomLevelDimensions
StorageBasement22'11'' x 28'11''
BedroomMain level10'10'' x 11'4''
KitchenBasement17'9'' x 23'
BedroomBasement11'2'' x 17'2''
2pc BathroomBasement7'9'' x 9'4''
Primary BedroomMain level14'2'' x 16'9''
Laundry roomMain level6'3'' x 8'11''
Living roomMain level14'8'' x 15'3''
4pc BathroomMain level7'3'' x 8'5''
3pc Ensuite bathMain level6'4'' x 8'
Dining roomMain level12'5'' x 20'4''
DenMain level7'7'' x 13'11''
KitchenMain level9'7'' x 13'9''

Listing Information

MLS®
10388831
Listed
May 25, 2026
Time on market
On the market for 98 days
Data last synced
August 28, 2026

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

Description

Rare semi-waterfront acreage in the heart of Magna Bay featuring an incredible approx. 498 feet of deeded waterfront access. Enjoy all the benefits of true lakefront living with the ability to install a dock, buoys, and swim platform — creating the perfect setup for boating, swimming, and lakeside entertaining. This unique property offers exceptional development potential while already providing comfortable living and versatile outbuildings. The main residence features a bright and functional layout with 2 bedrooms on the main floor plus a self-contained 1-bedroom suite below, ideal for extended family, guests, or rental income. Adding to the property's charm is a character-filled 1910 Heritage house brimming with opportunity. With some TLC, it could become the perfect guest cabin, artist studio, or private retreat. A detached 600 sq. ft. garage provides ample storage for vehicles, lake toys, and equipment. Whether you're looking for a family getaway, investment opportunity, or future development project, this rare Magna Bay offering combines location, waterfront lifestyle, and untapped potential (id:63159)

Values & Trends

This listing

$859/sqft

Building average

No other active listings in this building

North Shuswap average

$480/sqft

73 active listing(s)

Parking: 2 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: Salmon Arm

13°C

Humidity 91%

Wind S 2 km/h

Tonight

10°

Tuesday

25°

Tuesday night

14°

Wednesday

23°

Wednesday night

12°

Thursday

20°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
North Shuswap ElementaryElementary/Middle5.5 km
Carlin Elementary MiddleElementary/Middle15.9 km
Sorrento ElementaryElementary16.6 km
North Canoe ElementaryElementary24.2 km
Shuswap SDA(Independent)Elementary/Middle24.4 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: Okanagan-Shuswap (SD83)

Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($390,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,560,000.00
Periodic payment — Principal & Interest (monthly)$10,064.59
Additional monthly expenses (strata, tax, utilities, etc.)$489.00
Total monthly cost$10,553.59
Interest paid over 5-yr term$447,100.48
Balance at end of term$1,403,225.05

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$390,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,995.85

Cash Needed at Closing

Minimum down payment$390,000
Estimated BC PTT$37,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$428,500

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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