- Active
1321 7TH Avenue
Fernie · Vacant Land
Listed by RE/MAX Elk Valley Realty · MLS® 10357927
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Exceptional Development Opportunity! Discover a prime 0.33-acre development lot situated in the vibrant centre of Fernie, BC, recently recognized as one of ""The Coolest Towns in North America."" This property boasts excellent visibility along Highway 3, a major east-west route in Canada that bisects Fernie, ensuring high exposure and significant traffic flow. With a population >6,300 and a notable presence of second-home owners, Fernie offers a robust, multi-faceted economy driven by both resource extraction and tourism. The lot is zoned for commercial highway use, which permits a diverse array of uses. Explore options such as residential units above the first storey, condo hotels, bars, restaurants, veterinary clinics, laundromats, retail stores, automotive parts stores, medical or dental clinics, arcades, and more. Positioned at a busy traffic light-controlled intersection, the site benefits from excellent visibility + accessibility. The property is ready for development with much pre-construction legwork completed, presenting a ""green land"" opportunity ripe for your ideas. As one of the last remaining bare land development lots on Highway 3, this parcel represents a unique chance to capitalize on Fernie's thriving economy and year-round tourism. Don't miss this opportunity to secure a prime piece of real estate in one of Canada's most beloved destinations. Contact me today to explore how this exceptional property can become the foundation for your next successful venture!
Home facts
- Property type
- Vacant Land
- Area
- Fernie
- Listed
- July 31, 2025
- Structure
- Other
- PID
- 031-449-336
- Common interest
- Freehold
Features and inclusions
- Lot
- Level lot
- Community
- High Traffic Area
Rooms and building
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Utilities
- Water, Sewer, Natural Gas, Electricity, Cable, Telephone
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Monthly and upfront costs
Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.
Monthly ownership costs
- Principal and interest
- $4,261
- Property tax
- $258/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $4,669
Purchase snapshot
- List price
- $899,000
- Down payment
- $179,800 (20%)
- Estimated mortgage
- $719,200
Estimates only. They leave out utilities, upkeep and closing costs.
Borrowing costs
What money costs right now
The rates behind any payment estimate on this page.
- Prime rate
- 4.45%
- Variable mortgages are quoted against this.
- 5 year bond yield
- 3.68%
- Fixed mortgage pricing follows this.
- Policy rate
- 2.25%
- Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
Source: Bank of Canada. As of 2026-09-29
Property tax
What the tax bill looks like
Municipal, regional, hospital and school rates combined.
- Estimated annual tax
- $5,380
- At 5.9846 per $1,000 of assessed value.
Estimated by applying the municipal rate to the asking price. Your actual bill is based on the BC Assessment value, which is set separately and usually differs from the sale price. Home owner grants are not included.
Source: Province of British Columbia, Local Government Statistics Schedule 702, 2026. As of 2026-01-01
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Land and hazards
What the maps say about this land
Provincial designations and mapped natural hazards at this location.
- Wildfire interface
- Moderate risk
- In a mapped wildland-urban interface zone. Affects insurance and FireSmart requirements.
Based on where this point falls in provincial map layers, not a site survey or a formal hazard assessment. Confirm with the municipality, a professional, and your insurer before relying on it.
Source: BC Geographic Warehouse (Agricultural Land Commission, BC Wildfire Service)
Most listed
Detached · 43%
Who lives here
Documents
Pick the records you want. Ray Rasouli will email what the listing brokerage shares.
Availability is not guaranteed. Review documents with a professional.