Property Type: Land / LotOwnership: Freehold

7298 Highway 3A Unit# Lot A

Nelson, BC V1L6S4

$199,800

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.49 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$167/mo
Annual property tax
$0

Maintenance Fee Includes

Also included: Other, See Remarks

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Restrictions & Policies

Pets
Restrictions apply
Age / occupancy
Adult-oriented (no young children)

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10372353
Listed
January 9, 2026
Time on market
On the market for 234 days
Data last synced
August 28, 2026

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

Description

UNIQUE OPPORTUNITY – Start planning your downsizing now in Balfour! YOUR LIFESTYLE! Own a piece of tranquility in this peaceful and well-maintained gated RV community, where pets are welcome. This close to half-acre lot (.489 acres) offers flexibility—bring your Z240 Park Model, mobile home, or build your own home and live year-round. Enquire about a possible vendor take-back mortgage and request the marketing brochure. LOCATION! Nestled along the pristine West Arm of Kootenay Lake, endless outdoor adventures await, from boating and fishing to kayaking, golfing, and scenic hiking trails. Venture to nearby attractions like Kaslo (36 km), Ainsworth Hot Springs (15 km), or take a scenic 30-minute drive to the charming town of Nelson, where you can explore historic Baker Street, enjoy dining, shopping, and local craft breweries. (id:63159)

Location Insights

Weather

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.

Population

11,106

(2021 Census)

+5.1% since 2016

Density: 930.9/km²

Dwellings: 5,314

Median household income: $72,500

After-tax: $65,500

Immigrant population: 15.1%

Top countries of origin (% of total population)

  • United States of America3.5% · 390
  • United Kingdom3.3% · 365
  • Philippines0.8% · 85
  • Germany0.6% · 65
  • Italy0.6% · 65
  • India0.5% · 55
  • Netherlands0.4% · 40
  • South Africa, Republic of0.3% · 35

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Redfish Elementary SchoolElementary4.4 km
Crawford Bay Elem-SecondaryK-1213.3 km
des Sentiers-alpinsElementary/Middle17.9 km
Nelson Christian Community School(Independent)Elementary/Middle23.9 km
L V Rogers SecondarySecondary24.4 km
Secondaire de NelsonSecondary24.4 km
Hume Elementary SchoolElementary24.9 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$159,840.00
Periodic payment — Principal & Interest (monthly)$1,031.23
Additional monthly expenses (strata, tax, utilities, etc.)$166.67
Total monthly cost$1,197.90
Interest paid over 5-yr term$45,810.60
Balance at end of term$143,776.60

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,990
Stress test qualifying rate8.09%
Payment you must qualify for$1,459.57

Cash Needed at Closing

Minimum down payment$9,990
Estimated BC PTT$1,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$13,488

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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