Cranbrook · V1C0C2
$24,736/mo
Jessica Kuan
Licensed Mortgage Broker
Estimate only. Rates and qualification depend on your application.
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Exceptional multifamily development opportunity in Cranbrook BC. Elk Crossing is a 9.9-acre development parcel forming part of the St. Mary’s Neighbourhood Structure Plan and is currently zoned for multifamily use with density of up to 100 units, along with current Development Permit approval. Potential may exist to increase density up to approximately 250 units through a future application to the City of Cranbrook and approval process (city approval would be required). Located beside the renowned Shadow Mountain Golf Course, this property offers a rare chance to develop in a highly desirable lifestyle destination surrounded by mountain views, natural beauty, the St. Mary River, Rails to Trails, and four-season recreation. Cranbrook continues to serve as the East Kootenay’s key regional hub, offering strong long-term appeal with schools, shopping, health services, the Canadian Rockies International Airport, and quick access to Kimberley all nearby. Servicing is available to the lot line for City water and sewer through adjacent strata EPS 153. Power poles are in place, with additional electrical service required; previous design work had been completed and submitted to BC Hydro. A single gas line also services the property, with sizing to be verified. The land has been scraped and graded according to the existing plan, with geotechnical and preliminary engineering reports available.
Vacant Land
Type
Cranbrook North
Area
Listed
July 6, 2026
Nearby & Commute
1h 20m
walk to Real Canadian Superstore
1h 33m
bike to Kimberley’s Underground Mining Railway
5h 10m
walk to Kimberley’s Underground Mining Railway
21h 15m
drive to downtown Vancouver
Estimated travel times. Map data © OpenStreetMap contributors.
Most listed
Land · 74%
| Land | 28 | 73.7% |
| Detached | 9 | 23.7% |
| Mobile home | 1 | 2.6% |
| Under $5,000 | 5 | 0.9% |
| $10,000 to $14,999 | 5 | 0.9% |
| $15,000 to $19,999 | 5 | 0.9% |
| $20,000 to $24,999 | 20 | 3.4% |
| $25,000 to $29,999 | 25 | 4.3% |
| $30,000 to $34,999 | 25 | 4.3% |
| $35,000 to $39,999 | 30 | 5.1% |
| $40,000 to $44,999 | 30 | 5.1% |
| $45,000 to $49,999 | 25 | 4.3% |
| $50,000 to $59,999 | 50 | 8.5% |
| $60,000 to $69,999 | 50 | 8.5% |
| $70,000 to $79,999 | 45 | 7.7% |
| $80,000 to $89,999 | 40 | 6.8% |
| $90,000 to $99,999 | 55 | 9.4% |
| $100,000 to $124,999 | 70 | 12.0% |
| $125,000 to $149,999 | 35 | 6.0% |
| $150,000 to $199,999 | 45 | 7.7% |
| $200,000 and over | 25 | 4.3% |
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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
$24,736
Principal and interest
Calculated estimate
$23,128
Property tax
Calculated estimate
$1,458/mo
Home insurance
Assumption
$150/mo
Purchase snapshot
List price
Listing data
$5,000,000
Down payment
Calculated estimate
$1,000,000 (20%)
Estimated mortgage
Calculated estimate
$4,000,000
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
$24,736
/mo
Rate
%
Amortization
Principal and interest
$23,128
Property tax (est.)
$1,458
P&I
Tax
Down payment
$1,000,000 (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 $1,000,000 down (20%) on $5,000,000, 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.
At 8.0133 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.
