Property Type: Detached HouseOwnership: Freehold

8898 Grainger Road

Canal Flats, BC V0B1B0

$575,000

2 bed1 bath6 parking3,126 sqftBuilt 2001
Get Directions

Property Details

Property & Lot

Sub-type
House
Stories
2
Lot size
0.15 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$4,447.18

Interior

Basement
Remodeled Basement
Heating
Baseboard heaters
Fireplace
None
Flooring
Mixed Flooring

Exterior & Lot

View
Mountain view

Building

Roof
Metal, Unknown

Parking

Total spaces
6

Room Dimensions

RoomLevelDimensions
Living roomMain level10' x 14'
Partial bathroomSecondary Dwelling Unit
Utility roomLower level11' x 8'
OtherSecondary Dwelling Unit13' x 9'
OtherSecondary Dwelling Unit19' x 30'
OtherSecondary Dwelling Unit35' x 29'
Full bathroomMain level
Primary BedroomMain level20' x 14'
BedroomMain level23' x 7'
KitchenMain level11' x 14'

Listing Information

MLS®
10392900
Listed
June 27, 2026
Time on market
On the market for 65 days
Data last synced
August 28, 2026

Listing provided by: Royal LePage Rockies West · Data source: CREA DDF.

Description

Discover the possibilities at 8898 Grainger Road, a versatile C-1 zoned property offering separate residential and commercial spaces in a prime downtown location. The self-contained two-bedroom suite and separate commercial space provides comfortable living accommodations, perfect for an owner-occupier, employee housing, or rental income. Separate from the suite, the fully refinished commercial space is bright and welcoming, featuring a built-in reception desk and a large open-concept area ready to bring your business vision to life. Whether you're opening a retail shop, professional office, studio, or service-based business, the flexible layout offers endless potential. The fully finished lower level expands the commercial space with a bathroom, kitchenette area, office space, and additional flexible rooms to suit your operational needs. Outside, enjoy a secure, fenced and gated rear yard with plenty of room for storage or additional use, all while taking in the beautiful mountain views. Centrally located in the downtown core, this property offers excellent exposure, convenience, and the flexibility to live, work, or invest all in one place. A rare opportunity with endless possibilities—bring your ideas and make them a reality at 8898 Grainger Road. (id:63159)

Values & Trends

This listing

$184/sqft

Building average

No other active listings in this building

Canal Flats average

$375/sqft

9 active listing(s)

Parking: 6 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

Nearest station: Invermere

Tonight

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

7

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
Martin Morigeau ElementaryElementary803 m

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

Restaurants (1)

  • Canal Flats Family Pantry · 8953 Arbuckle Street306 m

Nearby places data: © OpenStreetMap contributors.

School district: Rocky Mountain (SD6)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 5.7% ($32,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$460,000.00
Periodic payment — Principal & Interest (monthly)$2,967.76
Additional monthly expenses (strata, tax, utilities, etc.)$526.60
Total monthly cost$3,494.36
Interest paid over 5-yr term$131,837.32
Balance at end of term$413,771.49

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$32,500
Stress test qualifying rate8.09%
Payment you must qualify for$4,171.64

Cash Needed at Closing

Minimum down payment$32,500
Estimated BC PTT$9,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$43,500

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.

Request more information