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Nyrose & Associates
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$5,490,000

592 Bear Valley Road

Lumby Valley
Lumby

Beds Baths
MLS® 10320733

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$5,490,000

592 Bear Valley Road


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Lumby Valley
Lumby

Beds Baths
Sq. Ft.
MLS® 10320733

Discover an unparalleled opportunity with this expansive 400-acre property, a true gem offering 4 separate titles & 4 distinctive homes. Nestled amidst pristine nature, this estate includes a serene lake, a pole barn & a spacious 1300 sq ft Quonset shop. Enjoy the advantages of gravity-fed water & secure water rights to the creek, enhancing both convenience and sustainability. The property's timber value adds an extra layer of investment potential. Each of the cozy cabins is equipped with cutting-lithium ion batteries & a state-of-the-art solar system. The cabins feature a one-bedroom layout on the main floor & a charming loft, perfect for small families or couples seeking a retreat. The chalet boasts 3 spacious bedrooms, providing ample space for larger groups or families. Currently, the property includes a lucrative cattle lease generating $10,500 annually. The chalet is a popular rental, fetching $375/night during the summer and $295/night in the off-season. The cabins rent for $275/night, with a consistent revenue stream from April to October, grossing approximately $70,000. This property is primed for winter business expansion, presenting a significant opportunity to increase annual income. Zoning permit the addition of four more cabins, allowing for future development and increased rental capacity. This property is ripe with potential, whether you aim to expand the existing business, develop new ventures, or simply enjoy a private, secluded paradise. (id:21321)

Full Address:
592 Bear Valley Road, Lumby, British Columbia
Price:
$ 5,490,000
MLS Number:
10320733
List Date:
July 30th, 2024
Neighbourhood:
Lumby Valley
Lot Size:
400 ac
Taxes:
$ 4,687

Property Specifications

Sewer:
Septic tank
Water:
Cistern, Dug Well, Private Utility, Well, Creek/Stream, Licensed, See Remarks
Zoning:
Unknown
Garage:
Detached Garage, RV, See Remarks
Garage Spaces:
3
Ownership Type:
Freehold
Taxes:
$ 4,687

Building Features

View:
Lake view, Mountain view, Valley view
Lot Size:
400 ac

Land

Amenities Nearby:
Rural Setting

Neighbourhood Features

Office: Coldwell Banker Executives Realty

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