Property Type: Land / LotOwnership: Freehold

766 Drakes Road

Rossland, BC V0G1Y0

$399,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
5 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,691

Interior

Fireplace
None

Listing Information

MLS®
10369783
Listed
November 21, 2025
Time on market
On the market for 283 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX All Pro Realty · Data source: CREA DDF.

Description

Welcome to 766 Drakes Road, a beautiful treed acreage just outside Rossland offering privacy, recreation and the perfect setting for your future home. This property provides a true Kootenay experience with the popular Rail Trail running through the area, giving you instant access to walking, biking and skiing right from your land. It is a peaceful, natural setting that still keeps you only minutes from downtown Rossland. With selective clearing, there is potential to open up views toward the Redstone Golf Course, known for its striking mountain scenery and unique layout. The combination of forest, sunlight and possible golf course outlooks creates an ideal canvas for a custom build that feels connected to the landscape. This property will appeal to buyers who want space, quiet surroundings and the best of the Rossland lifestyle. Enjoy quick access to hundreds of kilometres of local trails, world class mountain biking, Red Mountain skiing, golf and the vibrant community atmosphere that makes Rossland so desirable. Whether you are planning a full time residence or a four season retreat, 766 Drakes Road offers room to design a home that reflects your vision. Contact your builder, confirm the details that matter to you and explore the possibilities of creating your own place in one of the Kootenays most sought after locations. (id:63159)

Location Insights

Weather

Nearest station: Trail

15°C

Humidity 64%

Wind WNW 5 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

4,140

(2021 Census)

+11% since 2016

Density: 69.3/km²

Dwellings: 2,075

Median household income: $96,000

After-tax: $85,000

Immigrant population: 11.7%

Top countries of origin (% of total population)

  • United Kingdom3.4% · 140
  • United States of America1.7% · 70
  • Germany1.3% · 55
  • South Africa, Republic of0.7% · 30
  • Poland0.2% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
des Sept-sommetsElementary/Middle1.8 km
Rossland Summit SchoolElementary/Middle2.0 km
James L Webster ElementaryElementary5.5 km
St Michael's Elementary(Independent)Elementary8.4 km
J Lloyd Crowe SecondaryElementary8.7 km
Kootenay Columbia SecondarySecondary8.7 km
Glenmerry ElementaryElementary10.8 km
Fruitvale ElementaryElementary19.4 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-Columbia (SD20)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,200.00
Periodic payment — Principal & Interest (monthly)$2,059.37
Additional monthly expenses (strata, tax, utilities, etc.)$140.92
Total monthly cost$2,200.29
Interest paid over 5-yr term$91,483.64
Balance at end of term$287,121.43

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,950
Stress test qualifying rate8.09%
Payment you must qualify for$2,914.76

Cash Needed at Closing

Minimum down payment$19,950
Estimated BC PTT$5,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,430

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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