- Active
400 Lexington Avenue
Procter · Vacant Land
Listed by Bennett Family Real Estate · MLS® 10383905
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BUILD READY LOT! This is an amazing opportunity to build your dream home on a stunning lake-view lot primed for your vision in the Uplands Proctor Development. Located approximately 45 minutes from Nelson, including the short cable ferry ride, you will discover this .63 acre property offers the perfect balance of privacy, excellent sun exposure, and convenient beach access. Rarely can you find a lot in such a superb location where the owner has already incurred the significant expense and time to make the site truly ""build-ready."" The property features a building site already excavated, complete with a power pole installed by Nelson Hydro, a pre-dug hole for the septic tank, and water and septic lines ready to tie into the community systems. To ensure a seamless transition from vision to reality, a geotechnical report is already complete and the strata has already approved the seller's existing building plans. Development guidelines will allow for strategic tree removal to further enhance your panoramic lake views. With no mandate to build immediately, this lot is an absolute gem at this price point. Located minutes from the charming village of Procter, you will find a community with essentials such as a store, bakery and community hall. Reach out today to secure this head start on your dream lifestyle!
Home facts
- Property type
- Vacant Land
- Area
- Harrop/Procter
- Listed
- April 17, 2026
- Structure
- Other
- PID
- 027-735-923
- Common interest
- Condo/Strata
Highlights
- Mountain view
Rooms and building
- Sewer
- See remarks
- Water
- Community Water User's Utility
- Utilities
- Water
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
- $710
- Property tax
- $42/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $902
Purchase snapshot
- List price
- $149,900
- Down payment
- $29,980 (20%)
- Estimated mortgage
- $119,920
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
For investors
As a rental
- Estimated rent
- $840 a month
- Gross yield
- 6.7%
Estimated rent from Statistics Canada rents for this area, scaled to the bedrooms. Gross yield is 12 months of that rent over the asking price, before costs.
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
- Extreme 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 · 52%
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.