Property Type: Detached HouseOwnership: Freehold

7022 Highway 3A

Balfour, BC V1L6R9

$2,500,000

1 bed1 bath1,022 sqftBuilt 1957
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Property Details

Property & Lot

Sub-type
House
Stories
1
Lot size
3.97 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$0

Interior

Heating
Electric
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, View of water

Parking

Features
Other, RV

Room Dimensions

RoomLevelDimensions
Full bathroomMain level8'1'' x 5'9''
Primary BedroomMain level13'11'' x 15'8''
Living roomMain level20'4'' x 17'7''
KitchenMain level13'8'' x 13'

Listing Information

MLS®
10387069
Listed
June 16, 2026
Time on market
On the market for 76 days
Data last synced
August 28, 2026

Listing provided by: Sotheby's International Realty Canada · Data source: CREA DDF.

Description

Escape to an unparalleled waterfront lifestyle on the West Arm of Kootenay Lake. Nestled in a peaceful, deeply private setting just minutes from Nelson, this rare property offers an incredible combination of natural beauty and investment flexibility. Comprising a flat 3.97 acres of majestic old-growth cedar forest across two separate titled parcels, the estate is beautifully shrouded in a canopy of mature trees, creating absolute privacy. Boasting an impressive 75 meters (246 feet) of premium Kootenay Lake frontage, the property features a private wharf and coveted foreshore rights on Lot 2. An existing 1957 home sits on the property, offering an incredible strategic advantage: it could be potentially used to grandfather the location of a new lakefront build right near the water's edge, while utilizing the existing well and septic system. Because this offering includes two distinct titles, it presents an ideal opportunity for two families to purchase separate shares of paradise. The location perfectly balances total seclusion with local convenience. You are moments from Red Fish Elementary, charming pubs, and the Balfour general store, with the ferry just 10 minutes away. Recreation is endless—enjoy golf courses within 10 minutes, soak at Ainsworth Hot Springs in 20 minutes, or drive an hour to Whitewater for legendary downhill skiing, or Zincton for backcountry lines, and heli-skiing. With Castlegar Airport 45 minutes away and the US border just an hour south, this dream acreage is accessible yet beautifully a world-away. Imagine! This listing is “subject to receipt of the Grant of Letters of Administration” aka ""Probate"". (id:63159)

Values & Trends

This listing

$2,446/sqft

Building average

No other active listings in this building

Kokanee Creek to Balfour average

$519/sqft

16 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 65%

Wind E 4 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
Redfish Elementary SchoolElementary3.4 km
Crawford Bay Elem-SecondaryK-1214.4 km
des Sentiers-alpinsElementary/Middle16.8 km
Nelson Christian Community School(Independent)Elementary/Middle22.8 km
L V Rogers SecondarySecondary23.4 km
Secondaire de NelsonSecondary23.4 km
Hume Elementary SchoolElementary23.8 km
South Nelson ElementaryElementary24.9 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

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

Financial Ledger

Net mortgage (loan + CMHC insurance)$2,000,000.00
Periodic payment — Principal & Interest (monthly)$12,903.32
Additional monthly expenses (strata, tax, utilities, etc.)$51.00
Total monthly cost$12,954.32
Interest paid over 5-yr term$573,205.75
Balance at end of term$1,799,006.47

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$500,000
Stress test qualifying rate8.09%
Payment you must qualify for$15,379.30

Cash Needed at Closing

Minimum down payment$500,000
Estimated BC PTT$53,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$554,500

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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