Land & Buildings $2,950,000
$2, 225,00 USD*
Subject to current interest rates
RARE LIFESTYLE OPPORTUNITY
Live the BC Kootenay Dream
Paradise that Pays
LUXURY Executive Home
THRIVING Commercial Lease with RELIABLE Income
Sink into inspiring mountain views, spread your toes in the soft sandy beach, and soak up the sun from this rare, BC southern exposure waterfront property. This stunning beachfront, multi-purpose lodge and luxury home are quintessential Canada – like a breathtaking picture from the pages of National Geographic.
• An awe-inspiring home
• Built-in, proven income security
• Four seasons of recreation out your executive front door
• Temperate climate, safe community, amenities nearby
Live in wilderness comfort while diversified and proven income streams handily cover the mortgage. Boutique accommodation, commercial lease space and long term tenants make living the dream possible.
The revenues are far from maximized. You can easily grow the current numbers with minimal expense and effort. The hard work is already done - live in luxury on magical Kootenay Lake while earning respectable revenue.
Unwind… it’s spectacular BC mountain living – a paradise that pays.
The DREAM is possible!
For over 70 years an award-winning food-service operation has leased lakefront on the main floor. The Dock n Duck Pub & Grill is one of the most popular restaurants in the Central Kootenay with over 10,000 FaceBook likes. Breathtaking views, luxury mountain-lodge decor, an oversized outdoor patio and exceptional location for ferry, highway and boat traffic, ensure a commercial operation is there for the long term.
Facing the ferry is an additional 1000 sq ft of main floor retail space. There's also a commercial loading dock.
Annual lease revenues of $108,000 are conservative.
NOTE: The restaurant operation is not part of this offering. Restaurant purchase inquiries can be fielded by Luke Mori, contact information below.
The 3400 square foot executive home is a sight to behold. Commanding scenes of the Lake endure at every window and secluded balcony. The “open concept” vaults up to 25 feet in this artisan built, custom timber frame masterpiece. Hand hewn local timbers, cathedral white-pine ceilings, quarter-sawn fir doors, sparkling Tiffany stained-glass light fixtures, three washrooms with floor to ceiling tile, an oversized loft with a sizable wet bar, custom cherry wood kitchen, thoughtful architectural detailing and conscientious professional design, make this one of the most impressive properties on Kootenay Lake.
Live in wilderness comfort or lease nightly for $110,000 annually (60 % occupancy) or monthly for $54,000+ per year.
The property boasts FIVE additional full kitchen apartments to rent out: Two finely detailed one-bedroom units on the upper floor, and three two-bedroom units in the basement and duplex on site. Rent nightly for annual revenues of $150,000+ (at 60% occupancy) or monthly for $75,000 per year. The duplex boasts a separate address and septic, and is easily converted into commercial or other space. All units have their own electrical utilities or are easily converted for tenancy.
Enjoy living in wilderness comfort while proven income handily covers the mortgage. Accommodation in the multi-residential suites or multifamily monthly rental revenues, plus commercial lease space or multifamily make living the dream possible. And the revenues are far from maximized. You can easily grow the current numbers with minimal expense and effort. The hard work is already done.
Simply the best location on Kootenay Lake - a destination resort near the Kootenay Lake Ferry Terminal that loads and unloads hundreds of thousands of passengers each year. Add the highway frontage, watercraft traffic, regional demographics, high tourist volume, world-class attractions, local trading area, and you get a guaranteed, diverse customer base.
NOTE: The BC Government has announced an exciting several million dollar upgrade to the Balfour Ferry Landing next door that will contribute significantly to future value for the property. Construction of a new ferry is also in the works.
Proven Track Record -
It's turn key. With over 70 years of business history, the site is a proven money generator. Until recent owner lifestyle changes, gross revenues sustained increases of more than 10% annually, and net increased substantially more. Projected rental revenues show an easy 8 to 13 percent rate of return. Purchase the restaurant (a separate offering) and watch those numbers soar.
Easily grow your earnings from untapped accommodation and commercial lease opportunities. The current owners chose lifestyle. With some motivation the accommodation return goes from a good to exceptional.
Easy to Rent with
Near Zero Vacancy
The Nelson Kootenay Lake area boasts an extremely tight accommodation and rental market with a near zero vacancy rate - 0.7 percent in October 2017, Central Mortgage and Housing Corporation. Commercial vacancy is also low, at about 2 percent.
Listed LOWER than Replacement Cost
To rebuild the 11,000 sq. ft. custom timberframe structure, install utilities, add in the 1.2 acre lakefront lot, newly paved parking, new dock, plus the duplex, and your replacement cost is over $5 million. The entire investment is priced to sell at $2.95 million.
With passive revenues at a quarter million and more active revenues pushing $400,000, mortgage specialists indicate the buyer may qualify for a mortgage with an investment as low as 35% of the property value or a commercial loan at 50%.
The low Canadian dollar means greater buying power for foreign investors, about $2.25 million USD
The BC Provincial Nominee Program and other programs can expedite immigration into Canada.
Soak in the hot springs. Tee off to spectacular golfing. Try world-class fishing. Hug highway curves on your motorbike. Hike alpine trails… even spelunking. There’s of 400 km2 of pristine lake for sailing, water skiing, beach combing, sun tanning… In winter blaze trails with your sled. Snowshoe down a virgin mountain path. And ski! Alpine, powder, cat, heli, cross country, glacier. It’s four seasons of fun.
Missed the WHISTLER BOOM?
It's moving here. Jump on board now. Magical Kootenay Lake offers tremendous opportunity. It’s one of BC’s largest lakes extending over 100 km, flanked by the Selkirk and Purcell Mountain Ranges. The lake remains ice free in the winter, and contributes to the temperate climate. The southern location makes it a British Columbia gem and a Canada Top 10 Places to See (Macleans Magazine).
The property is located in Balfour, a vibrant community of 1200 located on the sandy delta where Kootenay Lake meets its west arm.
Amenities are nearby, and travel to the property is easy. Nearby centres include: Nelson 30 km, Castlegar, 74 km, Cranbrook 196 km, Spokane WA 272 km, Kelowna 378 km, Calgary 584 km, Vancouver 693 km.
Rare BEACHFRONT LIVING with PROVEN Income
Take a Virtual TOUR
ESCAPE to Luxury Lakefront Living & Income Security
Spectacular sandy beachfront property offers benefits rarely found in a single site. A Kootenay Lake landmark, the building could easily grace the covers of leading architectural and design magazines. Step out the front door to a wonderland of recreation and healthy living. Reliable income, generated from proven revenue sources, ensures you are self-sustaining. The flexible 11,000 square foot building allows for easy conversion into a number of endeavors including condos. As a functional asset or family run business, this venture is certain to be a “flagship investment”.
PARADISE living that PAYS!l
Land & Buildings: $2,950,000
Subject to current interest rates
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