5055 Ridge Road Shuswap Lake, BC
Property Facts & Highlights
- Court Ordered Sale Offering
- Large format residential development site in Eagle Bay, Shuswap region
- Zoned R2 providing for 2.5 acre lots
- Property is improved with a private water utility that is operating and servicing 74 homes and 30 undeveloped lots. Water utility infrastructure can support an additional 80 homes, more than sufficient for the subject property
- Water Utility replacement cost estimated at $2.5m
- Main access road through site built to Ministry specs for grade
- Excellent location, ready for development
- Significant servicing infrastructure in place, access roads roughed in, and significant soft costs and feasibility complete
Court Ordered Sale of a large format development site above Eagle Bay in BC's popular and growing Shuswap region. Currently zoned R2, the site supports development into 2.5 acre lots with a considerable level of infrastructure and feasibility analysis already complete.
The property is improved with a licensed and operational private water utility that currently services 74 homes and 30 additional lots on a neighbouring property, and has the capacity to service an estimated 80 additional residences, more than sufficient for the subject property. The water system consists of a 632,000 litre reservoir, 5 wells, and underground servicing on the existing property and neighbouring properties. The private utility has an estimated replacement cost of $2.5m. Ridge Road provides access through the property to the water reservoir. The road is gravel and is built to MOTI grade specs. This is a well located development site with a significant level of hard and soft costs already completed. Sale is by way of Court Order.