6532 Wasa Lake Park Drive
Wasa, BC V0B2K0
$980,000
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1.5
- Lot size
- 2.07 acres
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,064.28
Interior
- Heating
- Forced air, Electric, See remarks
- Fireplace
- Yes (1)
- Fireplace type
- Free Standing Metal
- Flooring
- Mixed Flooring
Building
- Roof
- Metal, Unknown
Parking
- Total spaces
- 4 — covered indicated
- Features
- Detached Garage, Carport
Restrictions & Policies
- Rentals
- Allowed
As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Other | Second level | 13'3'' x 6'6'' |
| 4pc Bathroom | Second level | 8'8'' x 8'6'' |
| Bedroom | Second level | 9'1'' x 11'1'' |
| Primary Bedroom | Second level | 12'7'' x 14'8'' |
| Mud room | Main level | 7'6'' x 11'2'' |
| 3pc Bathroom | Main level | 7'6'' x 7'1'' |
| Bedroom | Main level | 9'7'' x 14'9'' |
| Living room | Main level | 10'11'' x 14'9'' |
| Dining room | Main level | 16'1'' x 14'8'' |
| Kitchen | Main level | 11'6'' x 14'7'' |
| Office | Main level | 9'8'' x 14'11'' |
Listing Information
- MLS®
- 10395436
- Listed
- July 25, 2026
- Time on market
- On the market for 37 days
- Data last synced
- August 28, 2026
Listing provided by: Royal LePage Rockies West · Data source: CREA DDF.
Description
An exceptional opportunity to own a unique income-producing property just steps from beautiful Wasa Lake. Situated only 300 metres from public beach access and approximately 500 metres from the public boat launch and playground, this versatile property combines a comfortable owner's residence with an established 14-unit commercially licensed motel. The property features a well-maintained three-bedroom, two-bathroom home, ideal for owner occupancy or on-site management, along with a detached 20' x 40' shop offering excellent storage and workspace. The motel is currently operated as 12 long-term monthly rentals (14 doors total), providing consistent cash flow while maintaining its commercial motel licence and future flexibility. Set on a generous parcel with ample parking and additional usable land, there is excellent potential for a new owner to explore opportunities to enhance income, subject to applicable approvals. Whether through expansion of accommodations, additional amenities, or other complementary commercial uses, the property offers exciting possibilities for future growth. With Wasa Lake's sandy beaches, boating, swimming and recreational amenities just a short walk away, this is a rare opportunity to invest in one of the East Kootenays' most desirable recreational destinations. Whether you're seeking a lifestyle investment, an owner-operated business, or a property with future upside, this one deserves your attention. Buyer to satisfy themselves regarding GST. (id:63159)
Values & Trends
This listing
$647/sqft
Building average
—
No other active listings in this building
Lakes/Wasa/Lazy/Premier average
$611/sqft
5 active listing(s)
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
16°C
Mainly Clear
Humidity 56%
Wind SW 9 km/h
Tonight
9°
Tuesday
27°
Tuesday night
13°
Wednesday
22°
Wednesday night
10°
Thursday
18°
Source: Environment and Climate Change Canada.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Les Melezes-dores | Elementary | 17.7 km |
| Lindsay Park Elementary | Elementary | 20.4 km |
| Selkirk Secondary School | Secondary | 20.5 km |
| Kimberley Alternate School | Secondary | 20.8 km |
| Mckim Middle School | Elementary | 20.8 km |
| Kimberley Independent School(Independent) | Elementary | 20.9 km |
| Marysville Elementary | Elementary | 22.2 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)
Similar Listings Nearby
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Mortgage & Ownership Cost Calculator
Minimum required: 7.4% ($73,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.