5055 Ridge Road
Eagle Bay, British Columbia
MLS® 10396327
$4,195,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 10396327
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 13Listing description
Court Ordered Sale of a large format development site above Eagle Bay in BC's popular and growing Shuswap region. Currently zoned R2, the site supports development into 2. 5 acre lots with a considerable level of infrastructure and feasibility analysis already complete.
The property is improved with a licensed and operational private water utility that currently services 74 homes and 30 additional lots on a neighbouring property, and has the capacity to service an estimated 80 additional residences, more than sufficient for the subject property. The water system consists of a 632,000 litre reservoir, 5 wells, and underground servicing on the existing property and neighbouring properties. The private utility has an estimated replacement cost of $2.
5m. Ridge Road provides access through the property to the water reservoir. The road is gravel and is built to MOTI grade specs.
This is a well located development site with a significant level of hard and soft costs already completed. Sale is by way of Court Order.
Property summary
- MLS® number
- 10396327
- Property type
- Vacant Land
- Building type
- Other
- Title
- Freehold
- Land size
- 157.85 acres
- Annual property taxes
- $5,633.20
- Days on market
- 28 days
Features & details
- Community features
- Rural Setting
- View
- Lake view, Mountain view, Valley view
What would this home cost you?
Based on the $4,195,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Colliers, Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.