$ 5.490.000

592 Bear Valley Road, Lumby

  • Bedrooms: 3
  • Bathrooms: 2
  • Living area: 3617 square feet
  • Type: Residential
  • Added: 116 days ago
  • Updated: 8 days ago
  • Last Checked: 9 hours ago
Discover an unparalleled opportunity with this expansive 400-acre property, a true gem offering 4 separate titles & 4 distinctive homes. Nestled amidst pristine nature, this estate includes a serene lake, a pole barn & a spacious 1300 sq ft Quonset shop. Enjoy the advantages of gravity-fed water & secure water rights to the creek, enhancing both convenience & sustainability. The property's timber value adds an extra layer of investment potential. Each of the cozy cabins is equipped with cutting-lithium ion batteries & a state-of-the-art solar system. The cabins feature a one-bedroom on the main floor & a charming loft, perfect for small families or couples seeking a retreat. The chalet boasts 3 spacious bedrooms, providing ample room for larger groups. Currently, the property includes a lucrative cattle lease generating $10,500 annually. The chalet is a popular rental, fetching $375/night during the summer & $295/night in the off-season. The cabins rent for $275/night, with a consistent revenue stream from April to October, grossing approximately $70,000. This property is primed for winter business expansion, presenting a significant opportunity to increase annual income. Zoning permit the addition of four more cabins, allowing for future development & increased rental capacity. This property is ripe with potential, whether you aim to expand the existing business, develop new ventures, or simply enjoy a private, secluded paradise. Adjoining 160 acres can be purchased too. (id:1945)
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Property DetailsKey information about 592 Bear Valley Road

  • Structure Type: Other

Exterior & Lot FeaturesLearn about the exterior and lot specifics of 592 Bear Valley Road

  • View: Lake view, Mountain view, Valley view
  • Lot Features: Private setting, Treed
  • Water Source: Cistern, Dug Well, Private Utility, Well, Creek/Stream, Licensed, See Remarks
  • Lot Size Units: acres
  • Parking Total: 3
  • Parking Features: Detached Garage, RV, See Remarks
  • Lot Size Dimensions: 400

Location & CommunityUnderstand the neighborhood and community

  • Common Interest: Freehold
  • Community Features: Rural Setting

Business & Leasing InformationCheck business and leasing options available at 592 Bear Valley Road

  • Business Type: Retail and Wholesale

Utilities & SystemsReview utilities and system installations

  • Sewer: Septic tank

Tax & Legal InformationGet tax and legal details applicable to 592 Bear Valley Road

  • Zoning: Unknown
  • Parcel Number: 013-586-548
  • Tax Annual Amount: 4687.15
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Nearby Listings Stat

Active listings
1
Min Price
$5,490,000
Max Price
$5,490,000
Avg Price
$5,490,000
Days on Market
116 days
Sold listings
0
Min Sold Price
$0
Max Sold Price
$0
Avg Sold Price
$0
Days until Sold
days

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Additional Information about 592 Bear Valley Road

This House at 592 Bear Valley Road Lumby, BC with MLS Number 10320733 which includes 3 beds, 2 baths and approximately 3617 sq.ft. of living area listed on Lumby market by Chrysta Cleverley - Coldwell Banker Executives Realty at $5,490,000 116 days ago.

The current price of the property is $5,490,000, and the mortgage rate being used for the calculation is 4.44%, which is a rate offered by Ratehub.ca. Assuming a mortgage with a 15% down payment, the total amount borrowed would be $4,666,500. This would result in a monthly mortgage payment of $25,672 over a 25-year amortization period.

More Details?
Chrysta Cleverley
  • Chrysta Cleverley
  • Coldwell Banker Executives Realty
  • 250-309-1296

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