100 Million Dollar Lakefront BC Development for Sale for 35 Million
A masterpiece of ingenuity and Old Town charm, the project was birthed over fourteen years ago. Sicamous locals are in full support of the majestic 209 acres of prime lakefront offering, fashioned to perfection and ready to sell.
Boasting an approved ASP and the capacity for 1100 residences, the matching preliminary onsite services are already completed. For the fortunate future buyers, the Old Town property development within the Columbia-Shuswap Regional District (CSRD) promises beauty, character, and a magnificent place to call home. It is the first plot of its magnitude in the region, housing a sleek integration of master-planned community, modernity, and harmony with nature.
An investor will acquire the prize of developable lots in a stunning lakeside community, also adorned with an enviable integrated trail system, storm sewers, a boat launch, multiple paths, moorage, main roadways, installed utilities, and beachfront.
A Sparkling Opportunity
Midway between Calgary and Vancouver, with shimmering bodies of water on three sides
Capacity for 1100 residences
Boasting an approved ASP and the capacity for 1100 residences, the matching preliminary onsite services are already completed.
For the fortunate future buyers, the Old Town property development within the Columbia-Shuswap Regional District (CSRD) promises beauty, character, and a magnificent place to call home.
Why this is a great investment
Final settlement is favourable, too. The property is zoned, DFO enterprise agreements and AIA requirements are in, and final designs for a reservoir and booster station are in progress. The units sold have doubled in five years, and the percentage price change has blown double figures.
If value-add is a determination, the Old Town development is right on the money. The business community predicts increased prosperity in the region with the opening of the development. Under current market conditions, it appears to be an awesome investment opportunity.
For the first time since its inception, the large, bucolic development has been publicly listed for sale, and people are excited.
Dynamically positioned within the local economy, the region has also benefited significantly from the trading hubs in nearby strongholds Alberta and Vancouver. It’s also interesting to note that the 20% Foreign Investor’s Tax is not applicable to this region.
Midway between Calgary and Vancouver, with shimmering bodies of water on three sides, the Old Town property development caters to water lovers, winter sports enthusiasts, artists, and fishing enthusiasts alike. Each lot offers ample southerly exposure, breathtaking lake and river views, optimal sun exposure, and prime water frontages. Most are south-facing with aesthetic beauty from every angle.
As the sun twinkles off Shuswap Lake, the potential 150-slip boat marina seems a foregone conclusion. Development rights are granted and the CSRD district loves the concept.
There are also proposed new zoning blocks to facilitate site-specific development, conditional to the completion of service.
