Proposed Lot B Arrow Drive
Revelstoke, BC V0E2S1
$7,499,000
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 2.79 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Freehold
- Annual property tax
- $18,706.62
Interior
- Fireplace
- None
Exterior & Lot
- View
- Mountain view
Listing Information
- MLS®
- 10394742
- Listed
- July 17, 2026
- Time on market
- On the market for 45 days
- Data last synced
- August 28, 2026
Listing provided by: RE/MAX Revelstoke Realty · Data source: CREA DDF.
Description
Exceptional Townhouse Development Opportunity – 2.79 Acres in Prime Revelstoke Location. A rare opportunity to acquire approximately 3 acres of development land in one of Revelstoke's most sought-after residential neighborhoods. This exceptional property is ideally suited for townhouse development. This turnkey development opportunity comes with pre-approvals already in place for a proposed 30-townhome project, offering substantial time savings. With much of the planning groundwork completed, the property presents a streamlined path toward construction and project execution. Perfectly positioned within a quiet, established neighborhood, the site is located close to schools, parks, and year-round recreational amenities. Residents will enjoy convenient access to Revelstoke Mountain Resort, the future Cabot golf course, and an extensive network of hiking and biking trails. A short scenic walk leads directly to Mackenzie Village, providing easy access to shopping, dining, and everyday services. As Revelstoke continues to experience strong growth driven by tourism, investment, and an expanding population, development opportunities of this scale and quality are becoming increasingly scarce. This is a compelling opportunity to secure a premier development site with significant upside potential in a market poised for continued long-term appreciation. (id:63159)
Location Insights
Weather
13°C
Clear
Humidity 91%
Wind WSW 4 km/h
Tonight
10°
Tuesday
25°
Tuesday night
13°
Wednesday
22°
Wednesday night
12°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
8,275
(2021 Census)
+9.4% since 2016
Density: 200.5/km²
Dwellings: 3,739
Median household income: $96,000
After-tax: $85,000
Immigrant population: 11.7%
Top countries of origin (% of total population)
- United Kingdom1.9% · 155
- United States of America1.4% · 115
- Italy1% · 80
- Germany0.9% · 75
- Philippines0.8% · 65
- Netherlands0.4% · 30
- India0.3% · 25
- China0.2% · 15
Source: Statistics Canada, 2021 Census of Population.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Arrow Heights Elementary | Elementary | 217 m |
| des Glaciers | Elementary | 217 m |
| Revelstoke Secondary | Secondary | 2.1 km |
| Secondaire de Revelstoke | Secondary | 2.1 km |
| Begbie View Elementary | Elementary | 2.4 km |
| Columbia Park Elementary | Elementary | 5.0 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: Revelstoke (SD19)
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Mortgage & Ownership Cost Calculator
Minimum required: 20.0% ($1,499,800) — 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.