Hurry on this prime, 0.65 acre, sandy waterfront lot with southern exposure, right in the heart of Scotch Creek! A lot like this would fetch $800,000 dollars if it was freehold ownership. The towns flat roads are perfect for a bike ride or walk to one of the local artisans. This is one awesome location, tucked away down a dead end road, offering nothing but privacy! 101' of sandy beachfront only adds to the charm. The new lease begins in 2022 and runs to 2054, with an annual lease fee of $10,100. The lease payment is currently $10,100.00, and is good until the next rent review in 2022 where it would normally go up by a reasonable margin. Although the home has never seen water, the remainder of the lot gets wet in high water years. This is an all cash purchase, meaning no financial institutions will finance escalating lease property purchases. The potential new owner will also need to demolish the existing cottage to get ready for building a new one. The cost associated with this will be around $50,000. Call today to discuss the details of purchasing a lease property.

📞 Kent Redekop at 250-318-8120