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8044 23 South Highway
Revelstoke · Vacant Land
Listed by Royal LePage Revelstoke · MLS® 10399668
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Sign inAbout this home
Beautiful waterfront 8.5-acre property in the desirable Shelter Bay area, offering privacy, lake access and a beautiful natural setting just 30 minutes south of Revelstoke. A picturesque creek winds through the property, adding to the character and peaceful setting of the land. A shared trail between the three properties sharing the driveway leads directly to Upper Arrow Lake, making it easy to head down for a swim, paddle or day on the water. With plenty of space to build and enjoy the surrounding nature, this is a great opportunity to create a year-round home or recreational retreat. Short-term rentals are permitted with a principal residence requirement, offering the potential to generate rental income while making Shelter Bay your home. Just minutes from Shelter Bay Provincial Park and the boat launch, with endless year-round recreation nearby, properties in Shelter Bay are becoming increasingly hard to find.
Home facts
- Property type
- Vacant Land
- Area
- Revelstoke
- Listed
- September 2, 2026
- Structure
- Other
- PID
- 031-343-481
- Common interest
- Freehold
Highlights
- Mountain view
- Waterfront
Features and inclusions
- Lot
- Irregular lot size
- Community
- Pets Allowed, Rentals Allowed
Rooms and building
- Water
- Well
- Utilities
- Water, Sewer, Natural Gas, Electricity
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
- $2,839
- Property tax
- $175/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $3,164
Purchase snapshot
- List price
- $599,000
- Down payment
- $119,800 (20%)
- Estimated mortgage
- $479,200
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
- $2,701
- At 4.5087 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
For investors
As a rental
- Estimated rent
- $1,280 a month
- Gross yield
- 2.6%
- Strata rental rules
- Rentals allowed
- From the listing remarks
"Short-term rentals are permitted with a principal residence requirement, offering the potential to generate rental income while making Shelter Bay your home."
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. Confirm the bylaws in the strata documents before you buy.
Neighbourhood
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Detached · 50%
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.
