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Investment signal

$949,000

Pit Road Lot# 14

Beds

Baths

Sqft

Year

Location

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About this home

Lot 14, Pit Road . Prime 123 acres convalescent in Lister adjacent to vast farm land stunning views perfect for development . Potential for 5 acre lots canvas for visionaries seeking seclusion or luxury retreats .In the Regional District of Central Kootenay (RDCK) Electoral Area B, the property spans a generous forested and open landscape, bordered by roads like Pit Road, Has a dense woodland, cleared meadows, and potential building sites, ideal for those seeking privacy amid nature. Property has access from legal easements on adjacent properties, from government roads . Zoned R-3 (Rural Residential) under RDCK’s Comprehensive Land Use Bylaw No. 2316, the zone supports single-detached or duplex dwellings, horticulture, veterinary clinics, home-based businesses, . Minimum parcel size is 2.0 hectares (about 5 acres), ensuring spacious layouts. Subdivision potential is strong—buildings must be sited to allow future division—but not within the Agricultural Land Reserve , see green shaded areas, approvals from the Agricultural Land Commission are required to prevent fragmentation of farmland. Crown land boundaries and natural beauty . (id:65958)

Subtype
Vacant Land
Structure
Other
Community
Lister
Common interest
Freehold
Lot size
123.6 acres
Lot dimensions
123.6
On market
Aug 8, 2025
Status changed
Apr 13, 2026
Annual tax
$1
Photos
63
MLS#
10358753
Area
LISTER

Features and systems

Waterfront

Waterfront on pond

Utilities

Sewer
Negative cash flow ~$1,846/mo at these assumptions

Cash on cash

-11.67%

Cap rate

3.55%

GRM

16.6

Break-even rent

$6,694

Financing

Down payment$189,800
Loan amount$759,200
Mortgage$4,658/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435
Insurance$80
Maintenance$791
CapEx reserve$395
Vacancy loss$238

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lister. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $4,658/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

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