Property Type: OtherOwnership: Freehold

Ridge Way Lot# 114

Windermere, BC V0A1K3

$749,000

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Property Details

Property & Lot

Sub-type
Other
Lot size
0.2 acres

Ownership & Fees

Property type
Other
Ownership
Freehold
Strata / maintenance fee
$0/mo
Annual property tax
$2,172.32

Interior

Fireplace
None

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®
10393343
Listed
July 2, 2026
Time on market
On the market for 60 days
Data last synced
August 28, 2026

Listing provided by: MaxWell Rockies Realty · Data source: CREA DDF.

Description

This is one of the very last undeveloped lots in Timber Ridge 1—an exceptional chance to create your dream legacy cabin in one of the most sought-after communities on the lake. The property is flat, easy to build on, and comes with no building scheme or timeline requirements, giving you complete freedom to design at your own pace. Timber Ridge is known for having one of the best private beaches on the lake, and ownership here includes access to tennis courts, a sports court, boat ramp, marina, and scenic trail systems. If you’re ready to enjoy the premium lifestyle that Timber Ridge 1 offers, this is the lot worth securing. (id:63159)

Values & Trends

This listing

Building average

No other active listings in this building

Windermere average

$836/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: Invermere

Tonight

Tuesday

27°

Tuesday night

13°

Wednesday

22°

Wednesday night

10°

Thursday

18°

Source: Environment and Climate Change Canada.

Nearby Schools

SchoolTypeDistance
Windermere ElementaryElementary3.1 km
Open Doors Alternate EducationSecondary3.2 km
Eileen Madson Primary SchoolElementary3.2 km
J Alfred Laird ElementaryElementary3.3 km
David Thompson SecondarySecondary3.3 km
Edgewater ElementaryElementary24.6 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: 6.7% ($49,900) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$599,200.00
Periodic payment — Principal & Interest (monthly)$3,865.84
Additional monthly expenses (strata, tax, utilities, etc.)$181.03
Total monthly cost$4,046.86
Interest paid over 5-yr term$171,732.44
Balance at end of term$538,982.34

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$49,900
Stress test qualifying rate8.09%
Payment you must qualify for$5,375.83

Cash Needed at Closing

Minimum down payment$49,900
Estimated BC PTT$12,980
Legal / closing costs (typical estimate)$1,500
Total cash needed$64,380

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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