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SIEZE YOUR LAKESIDE LEGACY: Paradise that Pays
Upgrade your lifestyle & maximize income with this Kootenay Lakefront haven
Residential & Commercial Multipurpose Building and Land Listed at $2,290,000 CAD, $1,670,000 USD
(May 2024)
Live Lavishly, Earn Big
Cover your mortgage effortlessly through a mix of established income streams: charming boutique accommodation, strategic commercial space, rental pad, and a lucrative restaurant lease. Live in luxury by the lake and generate a $172,000 in passive income or generate a substantial $244,000 utilizing the property’s full monthly rental potential.
And there’s minimal responsibility for the landlord. The anchor tenant, the Dock n Duck Pub & Grill, comes with a remarkable 76-year history, currently yielding $90,000 annually. All the tenants pay their own utilities, common area maintenance & insurance. The restaurant and the modular duplex are currently owned and operated seasonally by the Sellers. Both are for sale in separate listings
The Best Location on Kootenay Lake, BC
Sink into inspiring mountain views, spread your toes in the soft sandy beach, and soak up the sun at this spectacular 1.19 acre, southern exposure lakefront property.
• Primely positioned at the bustling, newly-renovated Kootenay Lake Ferry terminal, with a guaranteed flow of hundreds of thousands of visitors.
• A strategic spot with highway access, boat traffic, and tourist allure, nestled 170 miles from Spokane, WA, and 20 miles from Nelson, in a mild, temperate rainforest.
• A peaceful four season, year-round paradise only 45 miles from the West Kootenay Regional Airport; near world class golfing, Ainsworth Hot Springs, the popular Kokanee Park Campground, water sports, all forms of skiing, spelunking, hiking, biking and much, much more recreational fun.
Exceptional Value at a Fraction of the Cost
Secure this property at significantly below its $5 plus million replacement value. At $2.29 million CAD (about $1.67 million USD, May 2024) this custom timber-frame structure is a steal! It’s already fully permitted & certified, so you avoid development hassles. And, the unzoned, 1.2 acre location still gives you freedom to pursue other development options.
Leverage a Stronger US Dollar & Canada’s Welcoming Doors to Secure Your Lakeside Luxury ($1.67 USD)
The low Canadian dollar stretches further for international investors, and the BC Provincial Nominee Program streamlines your relocation. Navigate Canadian residential ownership laws with ease: our executive management living quarters are exempt, offering you a stunning lakeside residence unrestricted by federal barriers. The location is also free of impediments to Air BnB operations.
Secure and Steady Earnings, Low Vacancy Risk
• Revel in a consistent $90,000 annual income from the renowned Dock n Duck Pub and Grill, a long-term anchor tenant with proven revenues
• Benefit from an additional $6,000 yearly with an on-site modular pad (modular duplex for sale in another listing)
• Tap into an estimated $54,000 a year from monthly rental of three apartments. With less than a 1% vacancy rate since 2016, the Nelson Kootenay Lake area boasts a thriving residential rental market.
• Opt for a plush lakefront living experience for yourself, or rent out the executive residence for an estimated $72,000 annually.
• Lease the additional commercial space, starting at $22 per square foot in an area ($22,020 annually) with only 2% commercial vacancy in the region.
Unleash Potential for Increased Profits
• Transform suites into nightly rentals (Air BnB) for an income boost
• Purchase & lease the modular duplex for additional residential earnings of $36,000. Zoning also allows lease as a commercial venture
• Generate revenues from dock moorage to boaters and/or tenants
• Create more earnings and growth potential from event/activity marketing like fishing derbies, sailing regattas, beach volleyball tournaments, motorcycle fun rides & much more
• Package promotions for weddings & reunions, corporate retreats, golfing, skiing, spelunking, white water rafting, cultural tours and more
• Create additional income with ferry advertising signage along the property line
• Use the property as a corporate retreat, training centre, residential treatment centre or group home
• Convert existing commercial space into four or five amazing lakefront residences. With conversion to multi-residential units the property value increases dramatically.
Step into This Gem with Affordable Financing
Finance up to 65 percent of your investment; 50 percent for commercial. Local financial institutions are keen to back the right buyer, making your dream of ownership a reality. Sellers will consider some private financing.
Capture a Growing Market
Embrace the chance to invest in a region with loads of untapped potential, likened to Whistler 35 years prior. Act swiftly to secure a stake in a region on the rise, spotlighted by Maclean’s as a “Top 10 Place Place to See in Canada,” anticipating more growth with a new ferry arriving in 2025, Kaslo Airport expansion, the Zincton Ski Hill development, and more.
Seasoned Management Advantage
• Benefit from a turn-key business with all groundwork done: permits, construction, and systems are set and maintained, and the anchor tenant Dock n Duck is thriving post-COVID-19.
• Draw on the extensive expertise and recognition of the current management, celebrated as “Top Business Operators” with global and diverse business acumen.
Don't miss this rare opportunity to own a piece of paradise that pays for itself!
The information is provided on this website is for promotional purposes. While care has been taken to provide the most reliable information possible, omissions or inaccuracies, while not intended, may occur, and the information should not be relied upon without verification.
HISTORY & PROPERTY DESCRIPTION: Where Lifestyle & Opportunity Meet
Property History
Established 1947, Kootenay Lake: 1947 was landmark year. Balfour welcomed a new ferry route and the Anscomb Ferry began the world's longest free ferry service. The same year, the Tillicum Inn (now the Dock n Duck) opened its doors on a scenic beachfront right next door.
Evolution Through the Years: Since the Tillicum Inn owned by the Chandlers, this property has seen various incarnations and renovations. Known as George LaPointe’s Rainbow Resort in its heyday, it later transformed into Docker’s Pub in the 1990s under the ownership of Wally Erickson & John Noakes. In 2007, Robin and Reg Goldsbury embarked on a massive revitalization of the-dated structure, valuing its prime location next to a bustling ferry terminal - a guaranteed draw for visitors and an exceptional commercial opportunity.
2008-2010 Major Renovations: A labor of love led to the addition of over 5,000 sq ft of custom timber-frame construction, evolving the space into a boutique accommodator with several apartments and an amazing upscale lakefront residence with stunning views. The property also boasts a modern pub and grill with a beachfront patio, and additional retail space, making the building an iconic structure at the Balfour Ferry Landing.
Property Description
Architectural Marvel: The hand-hewn timber frame structure, a stunning 11,000 sq ft building, stands as a key landmark along Kootenay Lake, British Columbia. Its architectural design, inspired by the double peak of Proctor Mountain, features an expansive roof with eleven sides covering over 9,000 sq ft, and offers panoramic views through more than 900 sq ft of windows.
Luxurious Amenities: The property boasts six amazing view decks, including three large timber frame decks, a Juliet balcony, a concrete commercial patio, and a concrete commercial entrance. An open floor plan, large mezzanine and cathedral ceilings are highlights. The building contains ten washrooms, five kitchens (one commercial), four wet bars and six bedrooms. An additional duplex on site (for sale in a separate listing) adds two more washrooms, two kitchens, and increases the total bedroom count from six to ten.
Sustainable Craftsmanship: With emphasis on regional materials, the design incorporates local Douglas fir timbers and white pine boards, contributing to a luxurious yet authentic Kootenay experience. The building's distinctive red hue echoes that of the original Tillicum Inn, preserving a piece of its historical essence.
Investment and Lifestyle Opportunity: Reflecting a commitment to quality and sustainability, this property combines commercial potential with recreational luxury including direct access to lakefront recreation. Its flexible design and robust construction, serves as an ideal investment for those seeking a lifestyle that is both rewarding and self-sustaining. This flagship asset, perfect for a family-run business or as a functional asset, offers a unique blend of income security and potential in a prime business location.
Pristine Sandy Lakefront - 1.2 Acre Lot
Idyllic Beachfront: Enjoy 120 feet of soft, sandy beachfront, unlike the typical rocky shores on Kootenay Lake. Adjacent to the ferry landing rest stop, the beach extends seamlessly, featuring a fire pit and an impressive rock retaining wall. The property offers both boat and float plane access. 2022 saw major landscaping improvements to the site.
Strategic Location: Nestled next to the newly renovated Ferry Landing, the property ensures maximum visibility to ferry traffic with minimal disruption. A large campground is slated for construction next door. Located at the junction of Highways 3A and 31, this site remains accessible even when Kootenay Pass on Highway 3 closes.
Stunning Views and Optimal Exposure: Facing a Community Forest across the lake, managed by an environmentally sensitive conservancy, ensures breathtaking views. Benefit from the uncommon south-facing lakefront exposure. The property enjoys sunlight all day.
Development-Ready Flat Land: The flat, usable 1.2 acres allows for more development, features a repaved parking lot (fall 2014) with 48 stalls.
Effective Signage and Docking: Includes large, backlit signage for high visibility and a new boat dock in 2016.
Rich Wildlife: Experience close encounters with osprey, ducks, geese, eagles and occasional blue heron from your balcony. The area is also frequented by beaver, deer and elk, adding to the natural allure of the location. And the fishing, it’s world-renown.
Note: Use of the original foundation during extensive renovations allowed continued proximity to the water. Kootenay Lake levels are well regulated by the many dams along the Kootenay River system.
Presidential Living Quarters: 4,000 Sq Ft Executive Lakefront Home
Elegant Design and Superior Craftsmanship: This executive residence offers uninterrupted views of Kootenay Lake from every window. Featuring an open-concept layout with cathedral ceilings soaring up to 25 feet, this home blends grandeur with modern luxury.
Luxurious Amenities:
Spacious Living: Two oversized bedrooms, including one with a sitting area and large walk-in closet.
Refined Details: Crafted with artisan-built, custom timber frame and cathedral ceilings. Features hand-hewn timbers, timber railings, tongue in groove white pine ceilings and solid quarter-sawn fir doors with no knots.
Gourmet Kitchen: Upscale cherry cabinets complemented by top-of-the-line stainless steel appliances, including a convection oven and a fridge with water and ice dispenser. A large walk-in pantry ensures ample storage.
Additional Comforts: A large office with a Juliet balcony, sizeable laundry room, and an expansive mezzanine with a wet bar and full bathroom.
Outdoor and Architectural Highlights:
Spectacular Outdoor Spaces: Approximately 550 sq ft of private balconies offer breathtaking lake views and include plumbing and electric setups for a hot tub.
Exquisite Finishes: Tiffany stained glass light fixtures, specialty floor-to-ceiling tiles, deluxe bathroom fixtures with a jet tub and dual showers.
Efficient and Stylish: Energy-efficient wood stove with reburning technology, sky windows, and the flooring of Whistler slate or luxury carpet.
Versatility and Views: The home’s thoughtful architectural details are designed for both luxury and practicality, with potential easy renovations to transform spaces as needed. Enjoy spectacular views from three secluded decks, making this home a true sanctuary.
Multi-Residential Suites Overview
Upstairs Apartments: Two 1-bedroom apartments enhance the property, each with unique features:
Amenities: Each unit includes a four-piece bathroom, a full kitchen, and exclusive soundproofing measures to ensure privacy.
Utilities: Independent electrical systems and individual hot water tanks.
Size and Layout: Features vaulted ceilings and selective timber accents, the units measure approximately 1100 square feet combined
Access and Outdoor Space: Both units share access to the main house laundry and boast a custom 200 sq ft deck, covered for all-weather enjoyment, accessible via a remarkable hand-hewn timber stairway.
Downstairs Apartment: A spacious 2-bedroom suite located in the basement:
Size and Renovation: This 1,100 sq ft suite was fully renovated in 2012.
Features: Includes two large bedrooms, a four-piece bathroom, and a full kitchen with ample solid wood cabinetry.
Usage: Utilized for staff accommodation and vacation rentals.
Dedicated Utilities: Features a dedicated electrical system.
Modular Duplex (For Sale in a Separate Listing): This modular on a pad rental on site comprises two 2-bedroom units, each 550 sq ft. To drive rental revenues, purchasers may be interested in purchasing this add-on that was built in 2011 to high standards, with separate septic, water, electric, and cable TV systems. Each unit features a raised ceiling, two bedrooms, a four-piece bath, a front room and laundry hook ups. There is ample parking, serene park-like surroundings, and a distinct street address (7922) which simplifies commercial development and potential subdivision.
These multi-residential options not only provide diverse living spaces but also offer potential revenue streams, making this property a versatile and valuable investment.
Commercial Operations Overview
Ground Level Commercial Space: Spanning over 5,100 sq ft, the main building's ground level is dedicated to commercial use. It currently hosts the highly successful Dock n Duck Pub and Grill, featuring restaurant space and a take-out window/kiosk. An additional 900 sq ft retail space, ideal for a variety of businesses, faces the ferry landing and highway, currently available for lease.
Robust Infrastructure: In 2008, the commercial spaces were extensively renovated down to the frame, with the installation of 27 massive support timbers and structural beams. Updated electrical and plumbing systems meet current codes, enhanced by additional hot water and water treatment systems. A significant upgrade in 2011 included a new septic system with an additional tank and two pumps, alongside a natural gas system upgrade. In 2024 the septic pump system was replaced.
Loading and Storage Facilities: A 170 sq ft loading dock accommodates semi-truck deliveries, enhancing operational efficiency.
Commercial Retail Lease Space: This unoccupied 900 sq ft area includes a washroom, large storage, hand-wash sink, and ample counter space with wood cabinets. It offers great potential for various enterprises due to its prime location and dedicated utilities.
Restaurant and Patio (For Sale in a Separate Listing): The Dock n Duck Pub & Grill occupies over 2,000 sq ft of inside seating area, with an additional 650 sq ft concrete patio, a 900 sq ft kitchen, and over 2400 sq ft of licensed beach. The restaurant is complemented by two wet bars, three server stations, and laundry facilities. A 170 sq ft truck-level loading dock facilitates efficient logistics.
Unique Features: The space boasts luxury mountain-lodge décor, Tiffany glass light fixtures, a river rock fireplace, hand-hewn timbers, and restored original oak bar and wainscoting, adding to its authentic mountain appeal. The facility is equipped with modern essentials like large walk-in coolers and freezer, enhancing functionality.
Outdoor Commercial Space: During summer, open-air stall space on the Balfour Ferry Landing is leased at $1000 per month for 100 sq ft units. These units are covered but do not include utilities or parking.
Visit www.DocknDuck.com for more details on the restaurant component.
Comprehensive Update of Utilities
Modernized Systems: Between 2008-2012, all utilities were upgraded or replaced to meet current building standards. This includes a comprehensive overhaul and inspection of systems to ensure top-notch operational efficiency.
Electrical Service: The property boasts a robust 400 amp service provided by Nelson Hydro, with backup from Fortis. It features seven independent electrical systems for various sections of the facility, ensuring efficient management and billing. The upper floors are equipped with cost-efficient heat-pump PTAC units for heating and air conditioning, while the main floor utilizes natural gas heating.
Natural Gas: Enhanced for commercial use, the Fortis system powers the restaurant’s heating, gas fireplace, and kitchen appliances, ensuring reliable and efficient operation.
Connectivity: Rogers (Shaw) Cable supplies cable and internet services, with suites and commercial spaces hardwired for optimal connectivity. A substantial intranet network supports extensive computer networking within the complex. Starlink, Telus and Bell also offer phone and high-speed internet services in the area.
Water Supply: Managed by the Regional District of Central Kootenay (RDCK), the water is sourced from deep within Kootenay Lake, treated gently, and known for its excellent quality. Recent upgrades to the Balfour Water System in 2018 enhance the reliability and capacity of this essential resource.
Sewer and Waste Management: The property includes three holding tanks and a 1,400-linear-foot field, all compliant with current standards and regularly maintained. The duplex features its own independent septic system installed in 2011. Grease traps in the commercial kitchen and regular maintenance schedules ensure system integrity. Waste management services are provided by Kootenay Waste Management, with local community support through a manned waste transfer station.
Main Lodge Measurements Overview
Total Area: 11,550 sq ft (Measurements are approximate and based on blueprints)
Upper Floor Layout (5200 sq ft):
Executive Living Quarters: 2,860 sq ft
Mezzanine: 575 sq ft
Front Covered Deck: 367 sq ft
Entrance Covered Deck: 178 sq ft
Juliet Balcony: 32 sq ft
Unit C: 450 sq ft
Unit D: 545 sq ft
Covered Deck for Units C & D: 195 sq ft
Commercial Floor Composition (5240 sq ft):
Restaurant Front End: 2,024 sq ft
Covered Deck: 650 sq ft
Kitchen: 765 sq ft
Office & Staff Washroom: 124 sq ft
Loading Dock: 170 sq ft
Take Out Window: 117 sq ft
Leased Commercial Space: 900 sq ft
Storage: 57 sq ft
Washroom: 40 sq ft
Covered Walkways: 400 sq ft
Basement:
2-Bedroom Suite: 1,100 sq ft
Additional Information:
Blueprints and Surveyor’s Certificate available.
Remaining foundation space is undeveloped, currently utilized for utilities, compressors, and storage.
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