Fox*
302 Eckhardt Avenue West
Penticton, BC
Canada V2A 2A9
Details
Address | 19 Glengarry Place |
Area | Shuswap / Revelstoke |
Sub Area | BB - Blind Bay |
State/Province | British Columbia |
Country | Canada |
Price | $89,500 |
Property Type | Residential Lot |
Lot Size | 0.32 Acres |
Waterfront | No |
Taxes | $343 |
Tax Year | 2023 |
MLS® # | 10318542 |
Get excited, if you want to get a great deal on a building lot, your search is over! This property is nestled up against a green belt & is privately located in the neck of a cul-de-sac. Water, natural gas, & electrical services are to the lot & left at the street for future hook-up. A Health Canada approved septic system would be needed at the time of development. Building restrictions will not allow for a manufactured home. The land has enough flat area to construct a house and shop, but then backs onto a ravine so it is steep at the rear of the property, perhaps a walkout would be the plan. You may be able to stay there while you build but there will be a timeline attached to the building period once you begin construction. There is a drainage right of way, CSRD said that a variance to the Riparian act can be applied for, but this requires a report from a specialist. The cost of that report will be about $5,000. The CSRD also determined that portions of this lot have a slope greater than 35%, therefore a steep slope assessment is required at additional cost to be quoted at the time of the variance application. You will not be able to park any RV trailer there for occupation, until the building permit is in hand. There will be cost associated with getting the building permit but at this price, that has been already considered. The cost of ownership would be about $500 per month per $100,000 borrowed and you would need 50% down to buy land only, OAC of course.
Listed by RILEY & ASSOCIATES REALTY LTD.
Location
About
Fox & Fox is a family team of Licenced Realtors working
and living in the beautiful South Okanagan. Started by Len Fox in 1982, the
team has expanded with the family over the years to include Philip Fox licenced
since 2002, Diane Fox since 2006, and Stephen Fox since 2016. Len has since
retired his licence but is an active consulting team member. Born and raised in
Penticton we are all now raising our own families here and working to help our
clients do the same. We specialise in new construction sales (condos,
townhouses & single family homes) vineyards & wineries, commercial
leases and sales & residential sales of every kind. If you are looking to
buy/sell/lease in the South Okanagan let us put our local expertise to work for
you.