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1387 Little Shuswap Lake Road, Chase

MLS® #10377940
About this Property

Rare Opportunity! 49-year periodic Crown lease lot for sale on Little Shuswap Lake reserve land. The pre-existing cottage was lost in the Bush Creek fire and the owners have decided to let it go. 29 years remain of a 49-year periodic lease. The lot has been approved so that a building permit can be submitted; environmental done, required Archaeological Impact Assessment preparation has been complete. There may be a cost associated with attaining the AIA report from the band when the building has been finalized on the lot. Annual lease fee is $15,052. The next rent review will be in 2029 for a 2030 start. This parcel is one of the nicest lots on Little Shuswap lake, wow! Almost a football field in size, this gem has all the room you are ever going to need. With Southern exposure for maximum sun plus a small pebble beach with medium deep water, this baby meets all the important requirements when considering your parcel of land on the Shuswap. From here you'll have direct access to all that the Shuswap has to offer including world class boating, hiking, biking, wining & dining at Jack Sam's Restaurant and golfing at Talking Rock golf course. Please note that this must be an all-cash purchase seeing as periodic lease properties are not CMHC approved. Any potential buyer must know that they must build on this lot within an acceptable amount of time, 2 years maybe, and the buyer will be responsible for paying the costs associated with rebuilding. Come and see this baby today! (id:62865)

Property Information

Status

Active

Property Type

Vacant Land

Ownership

Leasehold

Annual Tax

$1,636

Parcel Number

902-008-609

Data Source

Association of Interior REALTORS®

Exterior & Lot

Lot Size

0.54 acres

Waterfront

Waterfront on lake

View

Lake view, Mountain view, Valley view, View of water, View (panoramic)

Building & Utilities

Water Source

None

Utilities

ElectricityCableTelephone

$99,500

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
Listing Courtesy of

Office

Riley & Associates Realty Ltd.

Mortgage Calculator
$19,900

Loan Amount:

$79,600

Estimated Monthly Payment:

$388

This is an estimate for informational purposes only. Consult with a financial advisor.