Property Type: Land / LotOwnership: Freehold

Lot 7 Arrow Lakes Drive

Castlegar, BC V1N3N3

$159,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
22.4 acres

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$0

Interior

Fireplace
None

Listing Information

MLS®
10392937
Listed
July 4, 2026
Time on market
On the market for 58 days
Data last synced
August 28, 2026

Listing provided by: REMAX Kelowna · Data source: CREA DDF.

Description

Just over 22 acres on Arrow Lakes Drive. Rare opportunity to own property , ideally located on Arrow Lakes Drive just minutes from Castlegar. Offering flexibility for a wide range of uses, this expansive land package is perfect for those seeking privacy, recreation, or development potential. R3 Zoning allows for potential subdivision into 5-acre parcels (buyer to verify with local authorities), making this an excellent option for developers or investors. Alternatively, create your own private retreat surrounded by nature in the beautiful West Kootenays. Properties like this are becoming increasingly rare—secure your future in this desirable and growing area. Key Features: Prime location just outside Castlegar city limits; Zoned for potential 5-acre subdivision (buyer to verify); Development, recreational, or estate home potential; Minutes to Arrow Lake, hiking trails, and local amenities. Don’t miss this unique investment or lifestyle opportunity! Ask your REALTOR(R) for mapping on this pan handle property (id:63159)

Location Insights

Weather

Mainly Clear

13°C

Mainly Clear

Humidity 83%

Wind E 3 km/h

Tonight

10°

Tuesday

27°

Tuesday night

13°

Wednesday

20°

Wednesday night

12°

Thursday

18°

Source: Environment and Climate Change Canada.

Population

8,338

(2021 Census)

+3.7% since 2016

Density: 419.6/km²

Dwellings: 3,702

Median household income: $81,000

After-tax: $73,000

Immigrant population: 8.6%

Top countries of origin (% of total population)

  • United Kingdom1.9% · 155
  • United States of America1.1% · 95
  • Portugal0.7% · 55
  • Italy0.5% · 40
  • India0.4% · 35
  • Jamaica0.4% · 30
  • Philippines0.4% · 30
  • Russian Federation0.3% · 25

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Robson Community SchoolElementary807 m
Stanley Humphries SecondarySecondary2.6 km
Twin Rivers ElementaryElementary2.7 km
Kinnaird ElementaryElementary5.4 km
Sequoia CentreSecondary16.6 km
Brent Kennedy ElementaryElementary16.7 km
Mount Sentinel SecondaryK-1217.3 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: Kootenay-Columbia (SD20)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($7,950) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$127,200.00
Periodic payment — Principal & Interest (monthly)$820.65
Additional monthly expenses (strata, tax, utilities, etc.)$0.00
Total monthly cost$820.65
Interest paid over 5-yr term$36,455.89
Balance at end of term$114,416.81

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$7,950
Stress test qualifying rate8.09%
Payment you must qualify for$1,161.52

Cash Needed at Closing

Minimum down payment$7,950
Estimated BC PTT$1,590
Legal / closing costs (typical estimate)$1,500
Total cash needed$11,040

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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