701 & 721 7th Avenue
Fernie, BC V0B1M0
$799,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.24 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $4,601.53
Interior
- Fireplace
- None
Listing Information
- MLS®
- 10389858
- Listed
- June 3, 2026
- Time on market
- On the market for 89 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Elk Valley Realty · Data source: CREA DDF.
Description
Incredible Development Opportunity in the Heart of Fernie! Welcome to 701 & 721 7th Ave – a rare double-lot offering with 0.24 acres of bare land zoned C-HWY (Commercial Highway) in one of BC’s most desirable mountain towns. Set just off Highway 3 and within walking distance to Historic Downtown Fernie, this high-visibility location provides excellent exposure and endless potential for commercial or mixed-use development. Fernie continues to earn national attention as a year-round destination for adventure, community, and culture. With a permanent population of over 6,000 and a strong influx of tourists and second-home owners, the town supports a diverse economy anchored by tourism, recreation, small business, and professional services. The C-HWY zoning allows for a wide range of permitted uses including retail, restaurants, medical or dental clinics, bars, personal services, auto parts sales, and even residential units above the ground floor. Whether you're an investor, builder, or entrepreneur, this is an ideal opportunity to develop in a vibrant, growing community with high demand for well-located commercial space. With few undeveloped lots remaining along the highway corridor, this is your chance to secure a piece of Fernie’s future. Let your vision take shape in one of Canada’s most celebrated mountain towns. Contact your REALTOR® today to learn more and explore this opportunity firsthand. (id:63159)
Location Insights
Weather
Nearest station: Sparwood
8°C
Mainly Sunny
Humidity 86%
Wind NNE 5 km/h
Tonight
4°
Tuesday
26°
Tuesday night
8°
Wednesday
21°
Wednesday night
8°
Thursday
18°
Source: Environment and Climate Change Canada.
Population
6,320
(2021 Census)
+17.1% since 2016
Density: 418.3/km²
Dwellings: 3,256
Median household income: $107,000
After-tax: $92,000
Immigrant population: 13.8%
Top countries of origin (% of total population)
- United Kingdom4.4% · 275
- United States of America1.3% · 80
- Germany0.8% · 50
- Italy0.6% · 40
- France0.6% · 35
- Philippines0.5% · 30
- Russian Federation0.2% · 15
- Hong Kong0.2% · 15
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
44
6/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| The Fernie Academy(Independent) | K-12 | 594 m |
| Isabella Dicken Elementary | Elementary | 862 m |
| Fernie Secondary | K-12 | 1.2 km |
| Sophie-Morigeau | Elementary | 1.9 km |
| Jaffray Elem-Jr Secondary | Elementary/Middle | 22.8 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.
Nearby Places
Restaurants (5+)
- The Pub, Bar & Grill · 742 BC-3106 m
- Bramasole Restaurant & Wine Bar · 851 7th Avenue155 m
- The Curry Bowl246 m
- The Bridge Bistro390 m
- The Loaf · 641 2nd Avenue516 m
Cafes (3)
- Mug Shots476 m
- Freshies Cafe · 601A 2nd avenue509 m
- Big Bang bagels · 502 2nd Avenue582 m
Grocery (1)
- Save-On-Foods · 792 2nd Avenue600 m
Parks (1)
- Unnamed140 m
Pharmacies (1)
- Save-On-Foods · 792 2nd Avenue600 m
Banks & ATMs (2)
- Scotiabank · 502 3rd Avenue492 m
- CIBC · 501 2nd Avenue555 m
Nearby places data: © OpenStreetMap contributors.
School district: South East Kootenay (SD5)
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Mortgage & Ownership Cost Calculator
Minimum required: 6.9% ($54,900) — 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.