Property Type: Land / LotOwnership: Freehold

Lot 53 Riverside Drive Lot# 53

Fairmont Hot Springs, BC V0B1L1

$250,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.64 acres
Frontage
102 feet

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Strata / maintenance fee
$33/mo
Annual property tax
$809.58

Interior

Fireplace
None

Exterior & Lot

View
Mountain view

Listing Information

MLS®
10393672
Listed
July 6, 2026
Time on market
On the market for 56 days
Data last synced
August 28, 2026

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

Description

AVIATION AFICIONADOS WANTED....Here is your amazing opportunity to build your dream home with your own airplane hanger with a service taxi way to access the runway at the Fairmont Airport. A 35' easement at the back of this large property allows owners the space needed to fly into the airport and right into your private hangar. This flat lot measures ove .645 of an acre, or 28,096 sq ft. With mountain views of the Selkirk and Purcell mountain ranges, you will be in awe. Secured in a private gated community in the heart of Fairmont Hot Springs, you will find yourself in the midst of all the Fairmont has to offer, airport, golf, skiing, hiking, lakes and rivers and the famous Fairmont Hot Springs resorts. Stores and shops are a short 5 minute drive. NO TIME COMMITMENTS and generous building schemes. This property has already had the services pulled into the property making the start easy and cost effective. Enjoy the easy life here in Fairmont Hot Springs let your worries fly away in the quiet community of Riverside estates. Don't let this one soar away, Call your REALTOR today and enjoying the warmth only Fairmont gives. (id:63159)

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.

Nearby Schools

SchoolTypeDistance
Windermere ElementaryElementary17.7 km
Martin Morigeau ElementaryElementary18.6 km
Eileen Madson Primary SchoolElementary22.6 km
David Thompson SecondarySecondary23.1 km
J Alfred Laird ElementaryElementary23.3 km
Open Doors Alternate EducationSecondary23.6 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: Rocky Mountain (SD6)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($12,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$200,000.00
Periodic payment — Principal & Interest (monthly)$1,290.33
Additional monthly expenses (strata, tax, utilities, etc.)$100.80
Total monthly cost$1,391.13
Interest paid over 5-yr term$57,320.57
Balance at end of term$179,900.65

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$12,500
Stress test qualifying rate8.09%
Payment you must qualify for$1,826.29

Cash Needed at Closing

Minimum down payment$12,500
Estimated BC PTT$3,000
Legal / closing costs (typical estimate)$1,500
Total cash needed$17,000

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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