$4,195,000

5055 Ridge Road, Eagle Bay

Eagle Bay, Eagle Bay, BC V0E1T0

Lot / land

Listed by Colliers · Alan Johnson

About this property

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. (id:67417)

Property details

Price

$4,195,000

MLS® number

10396327

Property type

Lot / land · Other · Vacant Land

Ownership

Freehold

Lot size

157.85 acres · 157.85

Annual taxes

$5,633

Community

Eagle Bay, Eagle Bay

Features

View

Lake view, Mountain view, Valley view

Community

Rural Setting

Water

Private Utility

Sewer

No sewage system

Utilities

Water, Natural Gas

Fencing

Not fenced

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