Property Type: Land / LotOwnership: Freehold

8558 HWY 97A

Mara, BC V0E2K0

$1,699,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.42 acres
Frontage
95 feet

Ownership & Fees

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

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view
Waterfront
Waterfront on lake

Listing Information

MLS®
10381889
Listed
April 24, 2026
Time on market
On the market for 129 days
Data last synced
August 28, 2026

Listing provided by: REMAX Kelowna · Data source: CREA DDF.

Description

Private waterfront lot with exceptional potential on Mara Lake. This rare 122 ft stretch of shoreline features soft sandy beach and clear water, ideal for swimming, boating, and long summer days on the lake. The groundwork is already in place with an approved septic system, water well, and power, offering a seamless path toward your future build or seasonal getaway. Privacy is thoughtfully enhanced with mature blue spruce lining the highway, plus chain link fencing and dual gates along the perimeter. An irrigation system and power panel C-Can add everyday convenience, while the RV pad and fire pit area are ready for relaxed evenings and gathering with family and friends. A floating aluminum dock extends your time on the water and makes lake access effortless. Positioned near Sicamous and moments from Shuswap Lake, this location supports an active lifestyle with easy access to recreation, dining, and amenities. A well-prepared property with endless opportunity to create something truly special on the water. (id:63159)

Location Insights

Weather

Nearest station: Salmon Arm

13°C

Humidity 91%

Wind S 2 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 SchoolElementary10.3 km
Eagle River SecondaryK-1210.6 km
North Canoe ElementaryElementary14.4 km
South CanoeElementary/Middle14.8 km
Grindrod ElementaryElementary15.1 km
Ranchero Elementary JuniorElementary/Middle15.6 km
Shuswap SDA(Independent)Elementary/Middle15.7 km
South Broadview ElementaryElementary16.5 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)

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Mortgage & Ownership Cost Calculator

Minimum required: 20.0% ($339,800) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,359,200.00
Periodic payment — Principal & Interest (monthly)$8,769.10
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$8,769.10
Interest paid over 5-yr term$389,550.63
Balance at end of term$1,222,604.80

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$339,800
Stress test qualifying rate8.09%
Payment you must qualify for$10,451.77

Cash Needed at Closing

Minimum down payment$339,800
Estimated BC PTT$31,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$373,280

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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