Affordable leasehold property on the shores of Little Shuswap Lake! When it comes to waterfront properties and when price is a key factor, buying leasehold real estate is an excellent alternative to owning freehold real estate by making it more affordable. This charming year round cottage sits on a third of an acre with a front row seat to excitement! This spacious lot boasts a sandy beach, clean water, loads of room for parking extra vehicles and trailers, even enough room for a future shop if desired. Features include an open kitchen, a lakeside living and dining room, a large sundeck, 2-bedrooms, one full bathroom, a laundry, a low unfinished basement, and a side entry porch. Other benefits of owning here are that you would be on city services for water and sewer, and an available gas hook up at the street, this is rare. A traditional wood stove keeps you warm and cozy on the winter months. The current annual lease fee is $11,500, plus an additional $840 annually for municipal water and sewer. Traditional financing is not available on periodic leasehold property, that is a lease with an annual lease (rent) fee, and as a result, these properties can only be purchased with all cash. Private financing could be an option for buyers, but that would normally be available at a much higher rate of interest when compared to bank rates, and a private mortgage might come with an assortment of terms not normally found in a standard mortgage. Little Shuswap Lake is the gateway to the Shuswap. This 4-season Mecca includes a myriad of activities like hiking, biking, boating, swimming, golfing, skiing, sledding, and tons more! The lease runs until 2034. There have been many consecutive leases granted on this piece of band land over the years, any potential buyer can meet with the band for more clarity and comfort. Call today to discuss the benefits of purchasing a lease property!

📞 Kent Redekop at 250-318-8120