8692 COTTAGE Lane
Canal Flats, BC V0B1B0
$495,000
Amenities
Also listed: Clubhouse
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.56 acres
Ownership & Fees
- Property type
- Other
- Ownership
- Freehold
- Strata / maintenance fee
- $0/mo
- Annual property tax
- $2,027
Interior
- Fireplace
- None
Exterior & Lot
- View
- Lake view, Mountain view, Valley view, View (panoramic)
Listing Information
- MLS®
- 10384288
- Listed
- April 22, 2026
- Time on market
- On the market for 131 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Invermere · Data source: CREA DDF.
Description
Come explore exclusive lakeside living at Painted Ridge to see what is sure to become the Columbia Valleys' premier lakefront development. This private community, consisting of 30 oversized fee-simple lots, offers one of the last lakefront opportunities in the Valley with breathtaking lake and mountain views and no building commitment, allowing you to take time to build your family's dream retreat and legacy home! Painted Ridge will have community amenities including a recently completed club house (sport court/ pickle ball court, future games area, storage for all owners, lounge area) PRIVATE BEACH, and dock for all residents to use and enjoy. Looking to be steps to the lake? LOT 28 offers majestic views and vistas of the surrounding mountains and Columbia Lake. This 90' by 278' lot lends itself perfectly to a spacious home where you can sit and enjoy the outdoors and follow the sun all day long! A great place to host and entertain friends and family or to just sit and relax and enjoy all the beauty of this very special spot. A short drive from Cranbrook International airport and close to championship golf courses, amazing biking and hiking trails, fly-fishing, skiing and all the summer and winter activities of the Columbia Valley...come see what Painted Ridge and this inspiring area have to offer! Price is for land only, renderings of potential house options not included in price. (id:63159)
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Canal Flats average
$245/sqft
5 active listing(s)
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
Nearest station: Invermere
—
—
Tonight
9°
Tuesday
27°
Tuesday night
13°
Wednesday
22°
Wednesday night
10°
Thursday
18°
Source: Environment and Climate Change Canada.
Population
802
(2021 Census)
+20.1% since 2016
Density: 72.4/km²
Dwellings: 470
Median household income: $71,500
After-tax: $65,000
Immigrant population: 4.7%
Top countries of origin (% of total population)
- United States of America1.2% · 10
- United Kingdom1.2% · 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
| School | Type | Distance |
|---|---|---|
| Martin Morigeau Elementary | Elementary | 2.5 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.
Nearby Places
Parks (1)
- Tilley Memorial Park710 m
Nearby places data: © OpenStreetMap contributors.
School district: Rocky Mountain (SD6)
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,750) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.