Property Type: Land / LotOwnership: Freehold

Lot 12 MCCORMACK Road

Burton, BC V0G1E0

$399,900

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Property Details

Property & Lot

Sub-type
Other
Lot size
8.76 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$448

Interior

Heating
No heat
Fireplace
None

Exterior & Lot

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

Listing Information

MLS®
2476999
Listed
May 16, 2024
Time on market
On the market for 837 days
Data last synced
August 28, 2026

Listing provided by: Easy List Realty · Data source: CREA DDF.

Description

For more information, please click on Brochure button below. 8.76 Acres of flat, treed, private, west facing, land in beautiful Burton, BC on the Arrow Lakes. Lot 12 is the only remaining property of 12 Lots in Burton Bay Acreages. With Caribou Creek bordering this properties north border, and Burton Creek Bordering the west border, you are nestled in the ultimate of privacy with a magnificent view of the Arrow Lake. This property faces due west for maximum sun exposure. BC Hydro electricity is to the Lot line, offering quick and easy access to this key amenity. The cell service is excellent, due to the recently installed cell tower roughly 1 km away. There are both natural and commercial Hot Springs in the area, offering the opportunity for the ultimate in relaxation. There is a golf course in Fauquier (10 minute drive) and a golf course in Nakusp (20 minute drive). There are two boat launches located in Burton for those wishing to launch a boat and access the magnificent Arrow Lake. Nakusp is also the location for all amenities including groceries, gas, restaurants, liquor store, hospital and RCMP. Vernon is a quick 1.5 hour drive for those seeking quick getaway. Don't miss this opportunity. (id:63159)

Location Insights

Weather

Nearest station: Nakusp

12°C

Humidity 94%

Wind ENE 4 km/h

Tonight

Tuesday

24°

Tuesday night

15°

Wednesday

20°

Wednesday night

12°

Thursday

16°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Burton ElementaryElementary2.0 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: Arrow Lakes (SD10)

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Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,995) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$319,920.00
Periodic payment — Principal & Interest (monthly)$2,064.02
Additional monthly expenses (strata, tax, utilities, etc.)$37.33
Total monthly cost$2,101.35
Interest paid over 5-yr term$91,689.99
Balance at end of term$287,769.07

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,995
Stress test qualifying rate8.09%
Payment you must qualify for$2,921.34

Cash Needed at Closing

Minimum down payment$19,995
Estimated BC PTT$5,998
Legal / closing costs (typical estimate)$1,500
Total cash needed$27,493

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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