Property Type: Land / LotOwnership: Freehold

Lot 2 Red Mountain Road

Silverton, BC V0G1S0

$198,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
2.14 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$604

Interior

Fireplace
None

Exterior & Lot

Waterfront
Waterfront on creek

Listing Information

MLS®
10383407
Listed
April 16, 2026
Time on market
On the market for 137 days
Data last synced
August 28, 2026

Listing provided by: Royal Lepage Selkirk Realty · Data source: CREA DDF.

Description

This is your opportunity to own 2.14 acres of picturesque, natural beauty on Red Mountain Road. This unique property is defined by a stunning year-round creek that gently flows through the land, creating a peaceful soundtrack and dividing the parcel into two distinct, usable areas for future development. With a mix of open clearings and mature forest, the property offers both privacy and versatility, while the natural slope adds character and potential for creative building designs. Surrounded by quiet, rural landscape, it’s an ideal setting for those drawn to the outdoors, recreation, and a slower pace of life. With no zoning in place, the possibilities here are wide open—bring your vision and build it your way. An easement is already established for driveway access, and power is available at the road. The land features a variety of trees and potential garden areas, but remains a blank canvas for development. (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.

Population

149

(2021 Census)

-23.6% since 2016

Density: 425.7/km²

Dwellings: 128

Immigrant population: 25.8%

Top countries of origin (% of total population)

  • Germany10.1% · 15
  • United States of America6.7% · 10
  • United Kingdom6.7% · 10

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Lucerne Elem-SecondaryK-128.4 km
W.E. Graham Community SchoolElementary/Middle19.0 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)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($9,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$158,400.00
Periodic payment — Principal & Interest (monthly)$1,021.94
Additional monthly expenses (strata, tax, utilities, etc.)$50.33
Total monthly cost$1,072.28
Interest paid over 5-yr term$45,397.90
Balance at end of term$142,481.31

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$9,900
Stress test qualifying rate8.09%
Payment you must qualify for$1,446.42

Cash Needed at Closing

Minimum down payment$9,900
Estimated BC PTT$1,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$13,380

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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