Property Type: Detached HouseOwnership: Leasehold

755 Michel Creek Road

Sparwood, BC V0B2G1

$369,000

4 bed3.5 bath3 parking2,160 sqftBuilt 1973
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Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
6.24 acres

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$309.5

Interior

Basement
Full
Heating
Baseboard heaters, Stove, Wood
Fireplace
None
Flooring
Carpeted, Vinyl

Exterior & Lot

Exterior features
Wood
View
Mountain view, River view, Valley view

Building

Roof
Metal, Unknown

Parking

Total spaces
3 — covered indicated
Features
Detached Garage, Carport, RV, Oversize, Additional Parking

Room Dimensions

RoomLevelDimensions
BedroomLower level11' x 8'4''
KitchenLower level12'2'' x 11'10''
Living roomLower level17'7'' x 11'10''
Full bathroomLower level6' x 8'6''
Laundry roomLower level5'4'' x 13'
Full bathroomMain level6' x 10'
BedroomMain level10'3'' x 10'
Partial ensuite bathroomMain level4' x 4'
Primary BedroomMain level10' x 10'8''
BedroomMain level10' x 10'7''
Living roomMain level18'11'' x 13'
KitchenMain level10' x 16'3''

Listing Information

MLS®
10372903
Listed
January 19, 2026
Time on market
On the market for 224 days
Data last synced
August 28, 2026

Listing provided by: Century 21 Purcell Realty Ltd · Data source: CREA DDF.

Description

Set on a stunning 6-acre pasture-like property with mountain views, this one-owner home offers space, privacy, and outstanding value. Built in 1973 by the current owner, the home is located on a quiet dead-end street, adjacent to the the Elk River, creating a peaceful and private rural setting. The main floor features three bedrooms and one and a half bathrooms. The lower level, with both internal and exterior access, includes a second living room and kitchen, one bedroom, and one bathroom, offering excellent flexibility for extended family, guests, or additional living space. The land is clear, usable, and partially fenced, making it ideal for families, animals, and outdoor enjoyment. Outbuildings include a barn and a dream shop with a three-car detached garage, perfect for vehicles, tools, and toys. A carport next to the home provides convenient snow-free parking. Heating options include a large wood-burning furnace and electric baseboards for year-round comfort. The home is situated on leased land through EVR, with an affordable annual lease and exceptionally low property taxes compared to similar properties in the Elk Valley. Leases in this area have a long-standing history of consistent renewal, and resale occurs in the same manner as demonstrated here, or bought back by the company. Priced true to appraised value, with a recent appraisal completed on the home separate from the land, this is a chance to enjoy acreage living in a private & scenic setting. (id:63159)

Values & Trends

This listing

$171/sqft

Building average

No other active listings in this building

Sparwood average

$279/sqft

8 active listing(s)

Parking: 3 stall(s) includedStorage 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

Mainly Sunny

8°C

Mainly Sunny

Humidity 86%

Wind NNE 5 km/h

Tonight

Tuesday

26°

Tuesday night

Wednesday

21°

Wednesday night

Thursday

18°

Source: Environment and Climate Change Canada.

Population

4,148

(2021 Census)

+9.6% since 2016

Density: 21.7/km²

Dwellings: 2,183

Median household income: $112,000

After-tax: $93,000

Immigrant population: 6.3%

Top countries of origin (% of total population)

  • United Kingdom0.8% · 35
  • United States of America0.6% · 25
  • Poland0.4% · 15
  • Philippines0.4% · 15
  • Germany0.2% · 10
  • Netherlands0.2% · 10
  • South Africa, Republic of0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

4

1/9 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

SchoolTypeDistance
Frank J Mitchell ElementaryElementary1.1 km
Sparwood SecondaryElementary1.1 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

Parks (2)

  • Central Park603 m
  • Cypress Park779 m

Nearby places data: © OpenStreetMap contributors.

School district: South East Kootenay (SD5)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($18,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$295,200.00
Periodic payment — Principal & Interest (monthly)$1,904.53
Additional monthly expenses (strata, tax, utilities, etc.)$133.79
Total monthly cost$2,038.32
Interest paid over 5-yr term$84,605.17
Balance at end of term$265,533.35

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$18,450
Stress test qualifying rate8.09%
Payment you must qualify for$2,695.61

Cash Needed at Closing

Minimum down payment$18,450
Estimated BC PTT$5,380
Legal / closing costs (typical estimate)$1,500
Total cash needed$25,330

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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