The former steamboat landing and temporary ferry terminal is adjacent to McGregor Creek on the east shore of the south arm of Kootenay Lake.

During a 1906 visit, Governor-General Earl Grey bought orchard land for his son Viscount Howick.

After two days, the poor road conditions prompted a temporary change to two daily trips to Boswell instead of three to Gray Creek.

In the early 1900s, about 3 kilometres (2 mi) south at Akokli (Goat) Creek, miners worked the stream.

[15] The La France Mining Co, formed in 1906, completed extensive underground tunnelling but shipped no ore before the venture collapsed during World War I.

[16] In the early 1900s, about 5 kilometres (3 mi) south, the Ginol family planted strawberries, grapes and fruit trees.

[19] The temperate climate favoured apple orchards and soft fruit, especially cherries, gooseberries, raspberries and strawberries.

The lake boat service, which shipped out produce, largely ceased when the Canadian Pacific Railway opened the Kootenay Landing to Procter link at the beginning of 1931.

Rather than allow the soft fruit to over ripen while waiting at the landing, a jam factory was built to process perishable produce.

[20] Early preemptions in the area were for Ken Wattie around 1894, John "Scotty" Gordon in 1898, Duncan McGregor in 1901, and Isaac Lewis in 1904.

Relief camps providing labour for road construction during the Great Depression swelled the number to 150 by 1932.

[6] The annual Lady Grey Flower Show is held in the community hall, a venue which also hosts various social functions.

[33] About 3 kilometres (2 mi) south, Donald and Lil West settled in 1928 and developed their property into the Destiny Bay Tourist Camp with cabins and a store.

[16] The October 1963 opening of the Salmo–Creston highway over the Kootenay Pass[36] eliminated most through traffic reducing business viability.

However, passing traffic remains insufficient to make the store a successful year-round operation.