For Sale · Specialty

3980 Squilax-Anglemont Road Unit# 144, Scotch Creek

3980 Squilax-Anglemont Road Unit# 144, Scotch Creek, BC V0E1M5

$199,900 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

91%

Lot Size

0.06 ac

About this property

Your Shuswap Lake getaway awaits in the highly desirable, year-round gated community of Caravans West in Scotch Creek. This beautifully landscaped perimeter lot backs onto expansive green space, providing privacy and breathing room to relax. Designed for ultimate outdoor living, this low-maintenance property features stone pavers throughout the spacious patio area, mature trees for privacy, a screened-in gazebo, and a louvered pergola that is fully fenced for pets (two pets are allowed per lot with no size restrictions). Guests will love the completely finished 8'x10' bunkhouse equipped with power, A/C, and a double bunkbed with a single on top (rentals are allowed with restrictions). Generous parking easily accommodates your vehicles and a golf cart. The lot is being offered with all outdoor furniture and bunkhouse furnishings included! Caravans West provides an incredible lineup of resort amenities, which includes 2-swimming pools, 2-hot tubs, 2-clubhouses, a fitness centre, a library, tennis and pickleball courts, a basketball/hockey court, a spray park, a playground, community fire pits, and private beach access. You're just a short walk or bike ride to the neighbouring Shuswap Lake Provincial Park and all the shops, restaurants and amenities in Scotch Creek. Please note that Caravans West is an undivided interest development, so traditional financing is not available. (2022 Fifth Wheel is also offered for sale at $75,000 and must be purchased separately via Bill of Sale) (id:66811)

Financial sandbox

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Estimate
Purchase price$200K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$923

Projected NOI

$12K

Annual cash flow

$1K

Cash-on-cash

1.90%

DSCR

1.10

Going-in cap

6.11%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

119,450

Households

42,407

Median income

$99,000

Median age

32.6

Daytime population

134,317

5-yr growth

2.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 3980 Squilax-Anglemont Road Unit# 144, Scotch Creek.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.