Wasa · V0B2K0
$4,966/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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An exceptional opportunity to own a unique income-producing property just steps from beautiful Wasa Lake. Situated only 300 metres from public beach access and approximately 500 metres from the public boat launch and playground, this versatile property combines a comfortable owner's residence with an established 14-unit commercially licensed motel. The property features a well-maintained three-bedroom, two-bathroom home, ideal for owner occupancy or on-site management, along with a detached 20' x 40' shop offering excellent storage and workspace. The motel is currently operated as 12 long-term monthly rentals (14 doors total), providing consistent cash flow while maintaining its commercial motel licence and future flexibility. Set on a generous parcel with ample parking and additional usable land, there is excellent potential for a new owner to explore opportunities to enhance income, subject to applicable approvals. Whether through expansion of accommodations, additional amenities, or other complementary commercial uses, the property offers exciting possibilities for future growth. With Wasa Lake's sandy beaches, boating, swimming and recreational amenities just a short walk away, this is a rare opportunity to invest in one of the East Kootenays' most desirable recreational destinations. Whether you're seeking a lifestyle investment, an owner-operated business, or a property with future upside, this one deserves your attention. Buyer to satisfy themselves regarding GST.
3
Beds
1,514 ft²
Floor area
1955
Year built
Single Family
Type
Lakes/Wasa/Lazy/Premier
Area
Listed
July 25, 2026
Nearby & Commute
5h 22m
walk to Mark Creek Market
1h 38m
bike to Kimberley’s Underground Mining Railway
5h 26m
walk to Kimberley’s Underground Mining Railway
21h 26m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Land · 50%
| Land | 11 | 50.0% |
| Detached | 7 | 31.8% |
| Mobile home | 2 | 9.1% |
| Other | 2 | 9.1% |
| $10,000 to $14,999 | 5 | 2.2% |
| $15,000 to $19,999 | 10 | 4.4% |
| $20,000 to $24,999 | 10 | 4.4% |
| $25,000 to $29,999 | 5 | 2.2% |
| $30,000 to $34,999 | 10 | 4.4% |
| $35,000 to $39,999 | 10 | 4.4% |
| $40,000 to $44,999 | 10 | 4.4% |
| $45,000 to $49,999 | 10 | 4.4% |
| $50,000 to $59,999 | 25 | 11.1% |
| $60,000 to $69,999 | 20 | 8.9% |
| $70,000 to $79,999 | 10 | 4.4% |
| $80,000 to $89,999 | 15 | 6.7% |
| $90,000 to $99,999 | 20 | 8.9% |
| $100,000 to $124,999 | 25 | 11.1% |
| $125,000 to $149,999 | 15 | 6.7% |
| $150,000 to $199,999 | 10 | 4.4% |
| $200,000 and over | 15 | 6.7% |
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A clearer view of the monthly and upfront costs connected to this home.
Monthly ownership costs
Estimated monthly total
Calculated estimate
$4,966
Principal and interest
Calculated estimate
$4,533
Property tax
Calculated estimate
$283/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$980,000
Down payment
Calculated estimate
$196,000 (20%)
Estimated mortgage
Calculated estimate
$784,000
Estimates update with the mortgage controls below. They do not include utilities, maintenance, legal fees, or other closing costs.
Mortgage estimate
Metro averages
Est. monthly total
$4,966
/mo
Rate
%
Amortization
Principal and interest
$4,533
Property tax (est.)
$283
P&I
Tax
Down payment
$196,000 (20%)
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Jessica specialises in residential financing across Greater Vancouver, helping buyers secure competitive rates and navigate complex purchases with clarity.
Jessica Kuan
Licensed Mortgage Broker
This is an estimate only and does not constitute financial advice or a mortgage offer. Based on $196,000 down (20%) on $980,000, Canadian semi-annual compounding. Property tax estimated at Greater Vancouver metro average. No strata fee on record for this listing. Home insurance, land transfer tax, and closing costs are not included. Consult a licensed mortgage professional for personalised advice. Mortgage professionals featured here are independent licensed brokers. Ray Rasouli may receive a referral fee if you choose to work with one. You are under no obligation to use any recommended provider. Full disclosure.
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.
Variable mortgages are quoted against this.
Fixed mortgage pricing follows this.
Set by the Bank of Canada.
These are benchmark rates, not mortgage quotes. Your rate depends on the lender, the term, and your file.
