Property Type: Land / LotOwnership: Freehold

Lot 1 Kalli Bay

Eagle Bay, BC V0E1T0

$1,850,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
167.8 acres
Frontage
255 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,715

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view
Waterfront
Waterfront on lake

Listing Information

MLS®
10319921
Listed
July 18, 2024
Time on market
On the market for 774 days
Data last synced
August 28, 2026

Listing provided by: Coldwell Banker Executives Realty · Data source: CREA DDF.

Description

If you're in the market for a large & versatile piece of development land, this property could be just what you're looking for. With a total of 167.99 acres spread across 2 titles, you'll have plenty of space to create a truly unique development. Power line runs through the property. With no zoning bylaws in place, you'll have the freedom to let your imagination run wild. One of the most attractive features of this property is the over 200 feet of waterfront, which provides stunning views & plenty of opportunities for water-based activities. Plus, with the adjacent property recently sold to developers as well, you'll have the added benefit of having like-minded individuals nearby to collaborate with. Whether you're interested in creating a residential community, a commercial development, or something else entirely, this property offers endless possibilities. So don't miss out on this incredible opportunity to turn your development dreams into reality! (id:63159)

Location Insights

Weather

Nearest station: Salmon Arm

16°C

Humidity 84%

Wind SSE 5 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
Eagle River SecondaryK-1216.8 km
Parkview Elementary SchoolElementary17.3 km
North Shuswap ElementaryElementary/Middle21.5 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% ($370,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$1,480,000.00
Periodic payment — Principal & Interest (monthly)$9,548.46
Additional monthly expenses (strata, tax, utilities, etc.)$142.92
Total monthly cost$9,691.37
Interest paid over 5-yr term$424,172.25
Balance at end of term$1,331,264.79

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$370,000
Stress test qualifying rate8.09%
Payment you must qualify for$11,380.68

Cash Needed at Closing

Minimum down payment$370,000
Estimated BC PTT$35,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$406,500

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.

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