- Active
8785 GRAINGER Road
Canal Flats · Vacant Land
Listed by RE/MAX Invermere · MLS® 10384285
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Sign inAbout this home
Come explore exclusive lakeside living at Painted Ridge to see what is sure to become the Columbia Valleys' premier lakefront development. This private community, consisting of 30 oversized fee-simple lots, offers one of the last lakefront opportunities in the Valley with breathtaking lake and mountain views and no building commitment, allowing you to take time to build your family's dream retreat and legacy home! Painted Ridge will have community amenities including a recently completed club house (sport court/ pickle ball court, future games area, storage for all owners, lounge area) PRIVATE BEACH, and dock for all residents to use and enjoy. Looking to be steps from the lake? Nestled in the trees, LOT 17 offers majestic views and vistas of the surrounding mountains and Columbia Lake. This 90' by 206' lot lends itself perfectly to a spacious home where you can sit and enjoy the outdoors and follow the sun all day long! A great place to host and entertain friends and family or to just sit and relax and enjoy all the beauty of this very special spot. A short drive from Cranbrook International airport and close to championship golf courses, amazing biking and hiking trails, fly-fishing, skiing and all the summer and winter activities of the Columbia Valley...come see what Painted Ridge and this inspiring area have to offer! Price is for land only, renderings of potential house options not included in price.
Home facts
- Property type
- Vacant Land
- Area
- Canal Flats
- Listed
- April 22, 2026
- Structure
- Other
- PID
- 028-005-881
- Common interest
- Freehold
Highlights
- Mountain view
- Waterfront
- Meeting/Party Room
Features and inclusions
- Lot
- Private setting, Treed
Rooms and building
- Sewer
- Septic tank
- Water
- Municipal water
- 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
- $1,398
- Property tax
- $83/mo
- Home insurance
- $150/mo
- Estimated monthly total
- $1,632
Purchase snapshot
- List price
- $295,000
- Down payment
- $59,000 (20%)
- Estimated mortgage
- $236,000
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
- $1,671
- At 5.6631 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
- $960 a month
- Gross yield
- 3.9%
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
Land · 37%
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.