Lumby Village, North Okanagan
Return to: Lumby Village, North Okanagan
592 Bear Valley Road
Lumby Valley
Lumby
V0E 2G1
$5,490,000
Hospitality
- Status:
- Active
- Prop. Type:
- Hospitality
- MLS® Num:
- 10320733
- Photos (99)
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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:2493)
- Property Type:
- Hospitality
- Common Interest:
- Freehold
- Transaction Type:
- For sale
- Zoning:
- Unknown
- Ownership Type:
- Freehold
- Taxes:
- $4,687.15 / -
- Community:
- Lumby Valley
- Community Features:
- Rural Setting
- View:
- Lake view, Mountain view, Valley view
- Major Business Type:
- Retail and Wholesale
- Minor Business Type:
- Appliance
- Structure Type:
- Other
- Half Bathrooms:
- 0
- Fireplace:
- No
- Water:
- Cistern, Dug Well, Private Utility, Well, Creek/Stream, Licensed, See Remarks
- Sewer:
- Septic tank
- Road Access:
- Highway access
- Fence Type:
- Fence
- Landscape Features:
- Wooded area
- Acreage:
- Yes
- Lot Size:
- 400 acre(s)162 hectare(s)
- Lot Size:
- 400 ac|100+ acres
- Lot Details:
- 400
- Lot Features:
- Private setting, Treed
- Parking:
- Detached Garage, RV, See Remarks
- Total Parking Spaces:
- 3
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Welcome to your private lake
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Main home
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Chalet
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2 Cabins
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Relax in your sauna
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Morning coffee on your deck
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Listed by Coldwell Banker Executives Realty
Data was last updated November 25, 2024 at 02:15 PM (UTC)
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