Property Type: OtherOwnership: Freehold

Lot B Lazy Lake Road

Wasa, BC V0B2K0

$990,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
20.04 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Annual property tax
$2,557

Interior

Fireplace
None

Exterior & Lot

View
Lake view, Mountain view

Restrictions & Policies

Pets
Allowed
Rentals
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Listing Information

MLS®
10390724
Listed
June 8, 2026
Time on market
On the market for 84 days
Data last synced
August 28, 2026

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

Description

Here's your opportunity to own 20 acres of prime land at Wasa Lake with subdivision potential! This stunning property, located near Wasa Lake, offers endless possibilities for investment, development, or creating your dream estate. This property has: * Subdivision potential under current zoning * Preliminary approval for a 5-acre lot subdivision * Two wells + septic field in place along with power * Beautiful pond on the property that is fed by Lewis Creek * Minutes from Wasa Lake & outdoor recreation With key infrastructure already in place and a 5 acre development underway, this is a turnkey opportunity in one of the most desirable locations in the area. Whether you’re looking to develop, invest, or build your private retreat, this property is a must-see! (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Lakes/Wasa/Lazy/Premier average

$398/sqft

2 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Cranbrook

Mainly Clear

13°C

Mainly Clear

Humidity 69%

Wind SW 9 km/h

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Les Melezes-doresElementary17.7 km
Lindsay Park ElementaryElementary20.4 km
Selkirk Secondary SchoolSecondary20.5 km
Kimberley Alternate SchoolSecondary20.7 km
Mckim Middle SchoolElementary20.8 km
Kimberley Independent School(Independent)Elementary20.9 km
Marysville ElementaryElementary22.1 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: 7.5% ($74,000) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$792,000.00
Periodic payment — Principal & Interest (monthly)$5,109.72
Additional monthly expenses (strata, tax, utilities, etc.)$213.08
Total monthly cost$5,322.80
Interest paid over 5-yr term$226,989.48
Balance at end of term$712,406.56

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$74,000
Stress test qualifying rate8.09%
Payment you must qualify for$7,043.72

Cash Needed at Closing

Minimum down payment$74,000
Estimated BC PTT$17,800
Legal / closing costs (typical estimate)$1,500
Total cash needed$93,300

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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