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$298,000 total
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Asset Class
Specialty
Size
—
Building class
A
Zoning
US — Urban Services
$ / SF
—
Occupancy
88%
Year Built
1958
Lot Size
0.76 ac
Prime location on one of the Okanagan's premier lakes. This rustic little cabin will take you back to your own childhood at the lake. With plenty of charm, this cabin has an open floor plan with functional kitchen, living room and eating area, and a full width deck overlooking the lake. Your need for sleeping space is accommodated by the 2 bedrooms in the cabin and/or a detached “bunky” for the kids that is also perfect for additional family or the guests you’re sure to get (one single and one double bed). This prime location is right on the lakefront with a westerly view and amazing sunsets. There is ample beach and docks for summer fun and boat tie-up. Fishing, boating, kayaking, swimming, ATV and dirt-biking, snowmobiling and winter sports just out the back door; this is truly a year-round playground! You can snow mobile right from the cabin when conditions are right! This property is a Crown Lease (10 year cycle) with the latest renewal completed in 2018 and an annual fee payable. The 2025 lease payment is $16,059.00. Located just south of the Provincial Park and only 1 hour from Vernon. The subject and neighbouring cabins enjoy a shared roadway access with security gate. Plenty of parking on the property and good storage in the “basement” with opening bay doors, and a solid detached shed adjacent to the driveway. Share the enjoyment of this cabin with a group purchase or multi-family ownership or make it your own summer hide-a-way. THIS IS A CROWN LEASE. (id:66811)
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Monthly debt service
$1K
Projected NOI
$18K
Annual cash flow
$2K
Cash-on-cash
2.00%
DSCR
1.11
Going-in cap
6.14%
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.
Trade area within 3 miles of the property.
Population
120,626
Households
50,914
Median income
$124,500
Median age
34.3
Daytime population
205,012
5-yr growth
3.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 3602 Mabel Lake Road Unit# 5, Lumby.
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.