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800 Seymour Street
Kamloops, BC
Canada V2C 2H5

Details
Address | 3624 Hilliam Frontage Road |
Area | Shuswap / Revelstoke |
Sub Area | NS - North Shuswap |
State/Province | British Columbia |
Country | Canada |
Price | $399,500 |
Property Type | Single Family - Detached |
Bedrooms | 3 |
Bathrooms | 1 |
Half Baths | 0 |
Floor Space | 812 Square Feet |
Lot Size | 0.67 Acres |
Waterfront | Yes |
Year Built | 1963 |
Taxes | $3,602 |
Tax Year | 2024 |
MLS® # | 10343070 |
Hurry on this affordably priced oasis along the sandy shores of Shuswap Lake! There is some serious charm in this .67-acre property, proudly boasting a vintage cottage & bunkie with plumbing, what a place! Enjoy sunshine every day from this beauty with prime southern exposure, only the best possible exposure you can have when on the waterfront. The sandy beach stretches to the cottage, so just outside your lakeside door and beyond the deck, you'll find yourself on sand and on your way to the water where your dock & boat awaits! The rancher style cottage features three bedrooms, a full bathroom, a galley kitchen, and open living room with direct access to the beach. You may have to pull straws for the extra accommodation as there is a guest bunkie with toilet and sink. The cottage and additional outbuilding are on a huge parcel, so they are well protected from any road noise. Tons of room for development here, room for a large triple garage! Let this flat, usable spot be your Shuswap getaway, run don't walk to this one! The 39-year periodic Crown lease runs until 2054; the lease payment is $11,250, with the next rent review in 2027. It is important to note that because financial institutions will not finance periodic lease properties such as this one, this would have to be an all-cash purchase, meaning no mortgage as they are not CMHC approved. Renting out these leasehold properties is not allowed under the lease; you could risk losing your lease if you rented this out for holiday rentals. With a history of leasehold waterfront properties in the area, having offered multiple leases over time, there's a strong precedent already set that indicates the likelihood of securing a new lease or an extension to the current lease when it ends. That said, this is never a guarantee.
Listed by RILEY & ASSOCIATES REALTY LTD.
Location
About
Rick Waters is your real estate resource
Buying or selling a home is a big decision and you need an experienced professional to guide you through the process.
When you work with me, you can count on personal, attentive, patient service, excellent knowledge of the area, great negotiation skills and expert selling strategies.
Whether you’re buying or selling, I can help you with all your real estate needs.
I’m an experienced professional who will help you negotiate the best possible price. I’ll offer you sound advice!
I’ve been helping my clients buy and sell homes for 24 years and I'd be glad to help you!
Please give me a call today (c) 250-851-1013 or toll free (o) 1-866-374-1461 for a free, no-obligation consultation.
Thank you for your time, Rick.