Property Type: Land / LotOwnership: Freehold

Lot 59 RIVERVIEW GATE Road

Fairmont Hot Springs, BC V0B2L0

$129,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.24 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$473.96

Interior

Fireplace
None

Listing Information

MLS®
10370697
Listed
December 5, 2025
Time on market
On the market for 269 days
Data last synced
August 28, 2026

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

Description

A flat corner 0.24 acre lot that's very easy to build on and located in the center of Fairmont's desirable Riverside neighborhood. Fully serviced with municipal water and sewer and underground electrical services. Close to the Fairmont hot pools and ski hills, multiple golf courses and restaurants nearby. Mountain views, mature trees and a modest building scheme make this a great lot to build your dreams on. (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 ElementaryElementary17.6 km
Martin Morigeau ElementaryElementary18.9 km
Eileen Madson Primary SchoolElementary22.6 km
David Thompson SecondarySecondary23.1 km
J Alfred Laird ElementaryElementary23.2 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% ($6,450) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$103,200.00
Periodic payment — Principal & Interest (monthly)$665.81
Additional monthly expenses (strata, tax, utilities, etc.)$39.50
Total monthly cost$705.31
Interest paid over 5-yr term$29,577.42
Balance at end of term$92,828.73

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$6,450
Stress test qualifying rate8.09%
Payment you must qualify for$942.37

Cash Needed at Closing

Minimum down payment$6,450
Estimated BC PTT$1,290
Legal / closing costs (typical estimate)$1,500
Total cash needed$9,240

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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