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592 Bear Valley Road
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592 Bear Valley Road $5,490,000
$5,490,000
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592 Bear Valley Road
Lumby, British Columbia V0E2G1

MLS® Number: 10320733

Listing Description

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. (37554494)

Property Summary

Property Type
Hospitality
Building Type
Other
Neighbourhood Name
Lumby Valley
Title
Freehold
Land Size
400 ac|100+ acres
Annual Property Taxes
$4,687.15
Parking Type
See Remarks, Detached Garage (3), RV
Time on REALTOR.ca
108 days

Price and Sale History

Date Status Price
May 30, 2005 Sale Closed $895,000

Building

Bathrooms
Partial
0
Building Features
Features
Private setting, Treed
Present Use
Hospitality / Resort, Retail
Utilities
Utility Sewer
Septic tank
Water
Cistern, Creek/Stream, Licensed, See Remarks, Private Utility, Dug Well, Well
Business
Business Type
Retail and Wholesale (Appliance)
Neighbourhood Features
Community Features
Rural Setting
Parking
Parking Type
See Remarks, Detached Garage (3), RV
Total Parking Spaces
3

Land

Lot Features
Fencing
Fence
Landscape Features
Wooded area
View
Lake view, Mountain view, Valley view
Other Property Information
Access
Highway access
Zoning Type
Unknown
Data provided by: Association of Interior REALTORS® #112 - 140 Commercial Drive, Kelowna, British Columbia V1X 7X6
250-309-1296
Email
Book showing
Coldwell Banker Executives Realty
3405 27 St
Vernon, British Columbia V1T4W8
250-549-2103
250-549-2106
Office Website
Chrysta Cleverley