4753 Burns Avenue
Canal Flats, British Columbia V0B1B0

3 beds · 1 bath · 1176 sqft

Multi-Opportunity Property with Development Potential in Canal Flats, BC! Calling all investors, developers, and horse lovers! This unique 5.5-acre property in Canal Flats offers a wealth of possibilities. Prime location: Situated between the scenic Columbia Lake and the Kootenay River and boasting panoramic views, this property offers an idyllic setting for future development. The usage for the beach/park and boat launch is free for Canal Flats property owners. Current income and idyllic setting: The property currently has a great rental home as well as rental revenue for boarding horses. Exciting development potential: Capitalize on the growing demand for housing in Canal Flats and develop the property for residential use. With 5.5 acres, explore the possibility of subdividing the land into multiple building lots (subject to necessary approvals). A preliminary subdivision plan for 3 and 22 lots is available. The 3 lot subdivision plan was pre-approved in 2017 and would need to be re-submitted for approval. Power and access: The property benefits from existing power and developed access, simplifying any future development plans. Don't miss this rare opportunity to own a versatile property with income potential and exciting development possibilities in the heart of beautiful Canal Flats! For more information or to schedule a viewing, contact me (Max Powers) or your real estate agent. (id:39198)

Facts & Features

Building Type House

Year built 1964

Square Footage 1176 sqft

Stories

Bedrooms 3

Bathrooms 1

Parking

NeighbourhoodCanal Flats

Land size 238708 sqft

Heating type Stove, Forced air

Basement typeFull (Unknown)

Parking Type

Time on REALTOR.ca135 days

This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.

Brokerage Name: MaxWell Rockies Realty

Powered by: REALTOR.ca

Home price

$595,000

Start with 2% down and save toward 5% in 3 years*

* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.

$5,412 / month

Rent $4,786

Savings $626

Initial deposit 2%

Savings target Fixed at 5%

Start with 5% down and save toward 5% in 3 years.

$4,770 / month

Rent $4,640

Savings $130

Initial deposit 5%

Savings target Fixed at 5%