Lakefront Investment Paradise
Located in Kootenay Lake.
Spectacular, one of a kind, 19.5 acres, combined waterfront and lake view property with secluded bay on Kootenay Lake, ideal for single use, recreational property or investment as a multiple lot development property with substantial potential return. Property is one milw south of Lockhart Beach Provincial Park
This property is divided by Highway 3A and offers 11.5 acres of lake-front with 1500 feet of shoreline and 8 acres of lake-view land. There is currently an 1100 square foot, 2 bedroom, one storey home, garage with workshop and 600 square foot guest house on the property, with the opportunity and capacity to install a marina or moorage for 10 - 12 boats in the secluded bay.
The property is serviced by electricity, water and sewage, water license for entire parcel and foreshore rights.
For personal use, this property represents the ideal lake-front retreat with the opportunity to use the existing house, guest house and garage while you dream, plan and build your special waterfront paradise.
For the investor or developer, this property represents an opportunity for a substantial return. The lake front property could be divided into 14-18 lots and the lake-view area into 4-6 lots. These could sell for 10 million to 13 million dollars, resulting in a great return on your investment. See map in photos.
The Kootenay Lake Valley is an emerging treasure. Off the beaten tourist routes and relatively underdeveloped, its thickly forested mountains and pristine waters provide solace to the souls of residents and visitors alike. Wilderness is always close at hand and human residents share the landscape with large populations of deer, elk, moose, bear, mountain goats, cougars and coyotes.
Kootenay Lake lies in the central Kootenay region at 1736 feet above sea level. The valley is bound by the Selkirk Mountain range to the west and the Purcell range to the east. Peaks ranging from 7000 to 9000 feet dominate the terrain, with year-round ice fields on the northernmost mountains. The lake is about 90 miles long and up to 500 feet deep, with the average width of 2.5 miles, being 5 miles across at its widest. The lake is reported to have the cleanest water in Canada.
Don't miss out on this rare opportunity!
There is plenty to do here year round, whether you choose to hike, fish, kayak, ski, sail or just relax on the beach, you'll find yourself surrounded by inspiring natural beauty. Distance to Boswell 5 km, 15km south of ferry crossing, Creston 133 km, Calgary 532 km, Edmonton 826 km, Vancouver 737 km.
Inclusions : See Vendor
Lot size : 19.5 Acres
Water : Lake Water Licence
Guest House : 600 sq.ft. self-contained
Type of heat : Electric
Apprx. Taxes/Year : 3100. Gross
Garage : Sgle. Detch. w/workshop
Sewer : Septic Installed
ROOM DIMENSIONS :
House: 1100 sq. ft. 2 Br.
- ComFree
- Newly-built
- Rental
- ComFree blog
- 1.855.544.3131
Recreation lot for sale Boswell, $3,900,000 Get pre-approved
#218798 | 13075 Highway 3A
Owner's comments
Property features
13075 Highway 3A, $3,900,000
View on the map
- Asking Price : $3,900,000
- Lot dimensions : 19.5 acres (849,420.00 ft²)
Mortgage payments
See annual and monthly costsMortgage payments
Annual and Monthly costs
| Expenses summary | Monthly | Annual |
|---|---|---|
| Mortgage | ||
| Municipal taxes | $258.33 | $3,100 |
| Total known costs | $258.33 | $3,100 |
Steps to buy this property
So you decided you like this property and would like to make an offer.
Here are the steps.
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1. Investigate Mortgage Options
As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.
For information on mortgages and to get pre-approved, contact Axiom Mortgage Solutions: www.ifirst.ca or 1-250-469-9385.
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2. Get a Lawyer
It's important to hire a lawyer who specializes in real estate. You could find yourself in a bidding war for the home you want, and it doesn't hurt to have a lawyer look over any offer to purchase before you submit it. A real estate lawyer will also conduct a title search and check for outstanding taxes and liens on the property.
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3. Make the Offer
You can contact your lawyer for help with filling out the offer document, which can be downloaded from the comfree website or provided to you by the seller. You then present the written offer to the seller. This document includes the price, conditions, deposit and closing date. The seller either accepts, rejects or counters the offer (also called "signing back" the offer).
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4. Home Inspection or New Home Warranty
Hiring an inspector is voluntary, but it's a smart idea for resale homes. You can choose to make your offer to purchase the home conditional on the outcome of your inspection. If your inspection reveals major problems, you can negotiate those repairs with the seller before your deal closes, or legally withdraw your offer.
What is a New Home Warranty?
New Home Warranties are typically used when you buy a brand new home. The builder provides a New Home Warranty to cover things like deposits and completion dates, along with labour and materials for at least one year after the home was built. It also protects you against structural problems for a minimum of five years.
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5. Finalizing the Deal
Finalizing the deal will include the final approval of your mortgage, a meeting with your lawyer to finalize details like insurance and conditions, and the results of a title search.
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6. Moving Preparations
There's a lot to do before you move. Line up utilities and other services like phone, cable and internet. If you rent, you must give your landlord notice. Also, forward your mail to your new address and hire a moving company. Preparing these things well in advance will help you make a smooth transition to your new home.
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7. Closing Day
This is the day you legally get possession of the house. Your lawyer completes the paperwork (so the home is in your name), payments are finalized and you receive the deed and the keys. Congratulations on your new home!
We're here to help
ComFree is a team of more than 280 people committed to providing you with outstanding service so you can successfully sell your home.
Need more information? Please call a member of our customer service team:
1.855.544.3131