Property Type: Land / LotOwnership: Freehold

710 Westminster Road

Swansea Point, BC V0E2K2

$395,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.35 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,774

Interior

Fireplace
None

Listing Information

MLS®
10388416
Listed
May 21, 2026
Time on market
On the market for 102 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Downtown Realty · Data source: CREA DDF.

Description

PRICE REDUCED TO SELL! A rare opportunity to own this 0.35 Acre estate lot for your dream home at Swansea Point, just few steps to Mara Lake and multiple beach access points and boat launch. Flat, private, completely usable, an ideal setting for a custom lake retreat, multi-generational build, or long-term investment. The adjoining lot 714 Westminster Rd is also offered for sale to be purchased together or individually. A buyer can only use the existing structures if buying both lots. If one of the two lots is sold separately, the structures will have to be demolished by the Seller. Property features 200-amp Electrical Service, 2019 roof, Well water, Septic, Detached cabin, Double garage, and Main house. (id:63159)

Location Insights

Weather

Nearest station: Salmon Arm

15°C

Humidity 88%

Wind S 5 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
Parkview Elementary SchoolElementary7.8 km
Eagle River SecondaryK-128.1 km
North Canoe ElementaryElementary15.4 km
South CanoeElementary/Middle16.7 km
Shuswap SDA(Independent)Elementary/Middle16.7 km
Grindrod ElementaryElementary17.6 km
Ranchero Elementary JuniorElementary/Middle17.8 km
Salmon Arm SecondarySecondary18.0 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: 5.0% ($19,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$316,000.00
Periodic payment — Principal & Interest (monthly)$2,038.72
Additional monthly expenses (strata, tax, utilities, etc.)$147.83
Total monthly cost$2,186.56
Interest paid over 5-yr term$90,566.51
Balance at end of term$284,243.02

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,750
Stress test qualifying rate8.09%
Payment you must qualify for$2,885.54

Cash Needed at Closing

Minimum down payment$19,750
Estimated BC PTT$5,900
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,150

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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