19 Glengarry Place | $89,500
Mark Drelich Agent Photo
Mark
Drelich
ENGEL & VOLKERS OKANAGAN
1429 Ellis Street
Kelowna, BC
Canada V1Y 2A3

Details

%
Years (35 year max)
Years



Address 19 Glengarry Place
AreaShuswap / Revelstoke
Sub AreaBB - Blind Bay
State/ProvinceBritish Columbia
CountryCanada
Price$89,500
Property TypeResidential Lot
Lot Size0.32 Acres
WaterfrontNo
Taxes $343
Tax Year2023
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.


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About

With a dynamic career spanning a decade as a radio show host in Alberta & BC, a stint on Big Brother Canada, and an adventurous role as a tour guide across 55 cities on three continents, I bring a wealth of experience in communication and storytelling. I am excited to leverage my diverse skill-set to help you find your dream home or sell your home, hassle-free! I am based out of Kelowna, BC and I am proud to service the Okanagan.