For Sale · Specialty

6853 Squilax-Anglemont Road Unit# 15, Magna Bay

6853 Squilax-Anglemont Road Unit# 15, Magna Bay, BC V0E1M7

$119,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

86%

Lot Size

0.06 ac

About this property

SHUSWAP LAKE SUMMER GETAWAY — MOTORHOME INCLUDED! Escape to Magna Bay Resort and enjoy affordable, low-maintenance summer living with access to beautiful Shuswap Lake. This exceptional creekside perimeter lot is ideally located at the top of the complex, offering added privacy and a peaceful natural setting beside Season Creek. The lot features 30-amp power, a storage shed, and motorhome included, making it easy to arrive and start enjoying your summer getaway. The resort’s private waterfront offers 83 feet of sandy beach, a daytime dock, and a private boat launch. Spend your days swimming, boating, fishing, or relaxing by the water, then enjoy spectacular sunsets with desirable southwestern exposure. Resort amenities include washroom and laundry facilities, a management office, and an amenities building with an exercise room, pool table, and gaming area for the kids. Whether you're looking for a summer retreat, weekend escape, or investment opportunity, this is an affordable way to enjoy the Shuswap lifestyle without the maintenance and expense of a traditional waterfront property. Freehold ownership includes a 1/82nd share in two properties: the vacation property where your RV lot is located and the waterfront property providing access to the beach, dock, and boat launch. Prime location, creekside setting, storage shed, motorhome included, and private waterfront access — everything you need for unforgettable summers on Shuswap Lake! (id:66811)

Financial sandbox

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Estimate
Purchase price$119K
Down payment30% · $36K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$550

Projected NOI

$7K

Annual cash flow

$676

Cash-on-cash

1.89%

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

118,634

Households

49,570

Median income

$127,000

Median age

37.7

Daytime population

117,822

5-yr growth

1%

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

Secure deal room

Confidential diligence documents for 6853 Squilax-Anglemont Road Unit# 15, Magna Bay.

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.