2902 Cedar Drive

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$110,000

2902 Cedar Drive

Blind Bay · MLS® 10398664

0.26 acres lot · Land · Vacant Land · 64 days on market

listed by Leanna Lutz, Coldwell Banker Executives Realty

realtor's description

Bring your building plans to life on this generous, gently graded lot in an established and growing Cedar Drive neighborhood. With much of the preliminary work already completed, this property offers a great head start for your future home or next build. A surveyor site plan and septic perc test have been completed and registered, with a full set of building plans also available for serious inquiries. The gentle grade provides easy access and plenty of flexibility when designing your home and outdoor spaces. Enjoy a location that puts recreation right at your doorstep, with walking access from the rear of the property to Mt. Tuam Park and beautiful Shuswap Lake just minutes away for boating, swimming and summer days on the water. Easy access to the Trans-Canada Highway (Hwy 1) makes getting around convenient, while Blind Bay Village Grocer, Shuswap Lake Golf Course, beaches, hiking trails, restaurants, marinas and other local amenities are all within approximately 10 minutes. A great opportunity to secure a ready-to-plan property in the Shuswap and start creating something of your own!

property details

type: Land, Vacant Land
lot: 0.26 acres
parking: 0
property tax: $766 / yr
days on market: 64
MLS®: 10398664

features

Private setting
Sloping

the market here

listed now: 138 days; median for 39 homes for sale; this one 64 days

Homes in Blind Bay. Sale prices register 1 to 3 months after a sale closes.

monthly cost

$543/mo

Mortgage $479 · Tax $64

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$479/ monthly

loan $88,000

25-year amortization

down payment20% · $22,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 28, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $55,778
property transfer tax: $1,100; BC general rate
cash to close: $23,100; down + PTT
total paid: $143,778

first-time buyernewly built

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer. Transfer tax: 1% to $200k, 2% to $2M, 3% to $3M, 5% above. First-time buyers pay nothing on the first $500k for homes up to $835k (phasing out by $860k); newly built homes are exempt up to $1.1M (phasing out by $1.15M). Both need Canadian citizenship or permanent residence and other conditions; the 20% foreign buyer tax applies in Metro Vancouver, the Fraser Valley, the Capital Region, Central Okanagan and Nanaimo.

location

lot outline: 1,052 m² (11,324 sq ft) · PID 005-524-113. from ParcelMap BC; property lines are approximate, a survey is the legal boundary.

Blind BayGoogle Maps ↗

good to know

Wildfire
The BC Wildfire Service rates Sorrento's wildland urban interface as risk class 1 of 5 (the highest class). One wildfire of 10 hectares or more burned within 5 km since 2006: 2023 (45.7k ha). Some insurers price for wildfire, and FireSmart BC has a free home assessment guide.
Source: BC Wildfire Service, WUI risk class and fire perimeters

From public government maps, matched to the listing's map pin. Maps can be out of date or miss a lot line; confirm with the municipality.

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