- Active
701 & 721 7th Avenue
Fernie · Vacant Land
Listed by RE/MAX Elk Valley Realty · MLS® 10389858
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Incredible Development Opportunity in the Heart of Fernie! Welcome to 701 & 721 7th Ave – a rare double-lot offering with 0.24 acres of bare land zoned C-HWY (Commercial Highway) in one of BC’s most desirable mountain towns. Set just off Highway 3 and within walking distance to Historic Downtown Fernie, this high-visibility location provides excellent exposure and endless potential for commercial or mixed-use development. Fernie continues to earn national attention as a year-round destination for adventure, community, and culture. With a permanent population of over 6,000 and a strong influx of tourists and second-home owners, the town supports a diverse economy anchored by tourism, recreation, small business, and professional services. The C-HWY zoning allows for a wide range of permitted uses including retail, restaurants, medical or dental clinics, bars, personal services, auto parts sales, and even residential units above the ground floor. Whether you're an investor, builder, or entrepreneur, this is an ideal opportunity to develop in a vibrant, growing community with high demand for well-located commercial space. With few undeveloped lots remaining along the highway corridor, this is your chance to secure a piece of Fernie’s future. Let your vision take shape in one of Canada’s most celebrated mountain towns. Contact your REALTOR® today to learn more and explore this opportunity firsthand.
Home facts
- Property type
- Vacant Land
- Area
- Fernie
- Listed
- June 3, 2026
- Structure
- Other
- PID
- 010-753-974
- Common interest
- Freehold
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
- $3,787
- Property tax
- $233/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $4,170
Purchase snapshot
- List price
- $799,000
- Down payment
- $159,800 (20%)
- Estimated mortgage
- $639,200
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
- $4,782
- 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 · 36%
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.