Proposed Lot 716 28th Avenue S
Cranbrook, BC V1C3K1
$189,900
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.1 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $5,318.82
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view, View (panoramic)
Listing Information
- MLS®
- 10395103
- Listed
- July 22, 2026
- Time on market
- On the market for 40 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Blue Sky Realty · Data source: CREA DDF.
Description
Exceptional development opportunity in Cranbrook's highly sought-after Highlands neighbourhood! This R-1 zoned residential lot offers outstanding potential for builders, developers, and investors looking to capitalize on one of the city's premier locations. Enjoy the convenience of being within walking distance to the Cranbrook Golf Club, East Kootenay Regional Hospital, the College of the Rockies, Idlewild Park and Lake, schools, walking trails, and numerous everyday amenities. The property features partial wood fencing and a greenhouse, while the flexible R-1 zoning allows for a variety of residential development opportunities, including single-family homes, duplexes, triplexes, and fourplexes (subject to City of Cranbrook approvals and zoning requirements). Whether you're planning your next investment project or building a custom home, this property offers incredible potential in a neighbourhood known for its mature trees, established homes, and unbeatable central location. Opportunities to build in the Highlands are few and far between—don't miss your chance to secure a prime piece of real estate in one of Cranbrook's most desirable communities. (id:63159)
Location Insights
Weather
16°C
Mainly Clear
Humidity 56%
Wind SW 9 km/h
Tonight
9°
Tuesday
27°
Tuesday night
13°
Wednesday
22°
Wednesday night
10°
Thursday
18°
Source: Environment and Climate Change Canada.
Population
20,499
(2021 Census)
+2.3% since 2016
Density: 641.2/km²
Dwellings: 9,058
Median household income: $80,000
After-tax: $72,500
Immigrant population: 8.7%
Top countries of origin (% of total population)
- United Kingdom1.4% · 290
- United States of America1% · 205
- Philippines0.9% · 175
- Germany0.6% · 115
- Jamaica0.5% · 105
- South Africa, Republic of0.4% · 90
- Italy0.4% · 75
- Ukraine0.3% · 55
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Highlands Elementary | Elementary | 412 m |
| St Mary's Catholic Independent(Independent) | Elementary | 1.1 km |
| Kootenay Orchards Elementary | Elementary | 1.2 km |
| Laurie Middle School | Middle | 1.4 km |
| Kootenay Educational Services | Secondary | 1.8 km |
| Steeples Elementary | Elementary | 1.9 km |
| Mount Baker Secondary | Elementary | 2.0 km |
| Gordon Terrace Elementary | Elementary | 2.4 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: South East Kootenay (SD5)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($9,495) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
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.