Property Type: Detached HouseOwnership: LeaseholdNEW LISTING

957 Little Shuswap Lake Road

Chase, BC V0E1M2

$699,500

1 bed2.5 bath6 parking2,016 sqftBuilt 2007
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Property Details

Property & Lot

Sub-type
House
Style
Cottage
Stories
2
Lot size
0.48 acres

Ownership & Fees

Property type
Detached House
Ownership
Leasehold
Annual property tax
$4,677.89

Interior

Heating
Baseboard heaters, Stove, Electric, See remarks, Wood
Fireplace
None

Exterior & Lot

View
Lake view, Mountain view, Valley view, View of water, View (panoramic)

Building

Water source
Lake/River Water Intake
Sewer
Septic tank
Parcel ID (PID)
902-008-455

Parking

Total spaces
6 — covered indicated
Features
Detached Garage, Additional Parking

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
3pc BathroomSecond level8' x 10'
2pc BathroomMain level4' x 8'
Living roomMain level14' x 14'
KitchenMain level9' x 14'
Primary BedroomSecond level20' x 16'

Listing Information

MLS®
10399275
Listed
September 5, 2026
Time on market
Listed today
Data last synced
September 5, 2026

Listing provided by: Riley & Associates Realty Ltd. · Data source: CREA DDF.

Description

Designed by Neville Log Homes, this cozy, custom lakeside cottage sits majestically on a 0.48 acre, with 100' of prime, sunny, Little Shuswap waterfront. Other features include a pine log staircase, dramatic vaulted ceilings in the master bedroom, dining room, living room and loft, a large chandelier in living area, a crackling wood stove, a solid birch kitchen with a pine breakfast bar and appliance package, bathrooms with antique vanities and fixtures, quality flooring throughout, cherry wood and slate! Exterior features include a heavy gauge metal roof and a private outdoor shower with lake view, and a detached shop with roughed-in living quarters! Direct access to your own dock with deep clean water. From here, you have direct access to world class boating, fishing, skiing, hiking, dining and golfing at Talking Rock & the Quaaout Lodge. This is a year round residence that you could easily occupy as your principal residence. Come take a look at the options you have with this super waterfront home! This is a 49-year, periodic Crown lease on reserve land. The current lease runs until 2054. With a history of leasehold waterfront properties having offered multiple leases over time, there's a precedent set that indicates the likelihood of securing a new lease or an extension of the same, at the end of the term. That said, it is never a guarantee. The annual lease fee is currently at $11,680, the next rent review is 2030. Current gross property taxes are $4,677.89. (id:63159)

Values & Trends

This listing

$347/sqft

Building average

No other active listings in this building

Chase average

$347/sqft

22 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: Salmon Arm

10°C

Humidity 99%

Wind S 4 km/h

Tonight

10°

Saturday

19°

Saturday night

Sunday

20°

Sunday night

12°

Monday

21°

Source: Environment and Climate Change Canada.

Population

2,399

(2021 Census)

+4.9% since 2016

Density: 639.7/km²

Dwellings: 1,249

Median household income: $60,400

After-tax: $56,400

Immigrant population: 10.9%

Top countries of origin (% of total population)

  • United Kingdom3.5% · 85
  • Germany2.5% · 60
  • United States of America1.7% · 40
  • Hong Kong0.8% · 20
  • Korea, South0.6% · 15
  • China0.4% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Haldane ElementaryElementary5.7 km
Chase Elementary-SecondaryElementary5.8 km
Sorrento ElementaryElementary12.4 km
Sun Peaks SchoolElementary/Middle16.6 km
North Shuswap ElementaryElementary/Middle22.9 km
Carlin Elementary MiddleElementary/Middle23.7 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)

Similar Listings Nearby

No similar listings found nearby right now.

Mortgage & Ownership Cost Calculator

Minimum required: 6.4% ($44,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$559,600.00
Periodic payment — Principal & Interest (monthly)$3,610.35
Additional monthly expenses (strata, tax, utilities, etc.)$490.82
Total monthly cost$4,101.17
Interest paid over 5-yr term$160,382.97
Balance at end of term$503,362.01

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$44,950
Stress test qualifying rate8.09%
Payment you must qualify for$5,033.26

Cash Needed at Closing

Minimum down payment$44,950
Estimated BC PTT$11,990
Legal / closing costs (typical estimate)$1,500
Total cash needed$58,440

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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