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1 Wolfe Street
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Beds
4
Baths
3 full + 1 half
Sqft
1,052
Year
1994
Type
Single Family
On market
88d
Heated 31' x 34' dream shop with finished living quarters + a secondary home in a prime Sicamous recreation location. This versatile property offers the perfect setup for those needing space for boats, sleds, vehicles or hobby use, while still providing comfortable living & income potential. The impressive 2010 heated shop feats. oversized 10' doors, epoxy floors, bright lighting & extensive built-in cabinetry & storage, creating an ideal space for projects or storing recreational toys yr-rnd A mini-split heat pump provides efficient heating and cooling. At the rear of the shop is a fully finished living area of approx. 862 sq ft including 2 beds, 1 bath, kitchen & living space, an updated kitchen & cozy fireplace in the living room. The living area also has high ceilings & sliding doors leading to the outdoor patio. The well-maintained 1994, 1,052 sq ft home offers comfortable living with level entry & a spacious kitchen featuring stainless steel appliances. A partially covered composite deck extends the living space outdoors. Outside, the property features a nicely landscaped yard with a large paving stone patio and firepit area, mature hedging for privacy, gated access & plenty of parking for vehicles, trailers and recreational equipment. The wide driveway allows ample space for larger vehicles and trailers, and an RV plug is conveniently located outside. The mobile is currently rented month-to-month, providing flexibility for rental income, extended family or guest accommodation. The additional living quarters have also been utilized as seasonal accommodation in the summer months. Located just a short walk to the lake through a nearby access pathway and only mins from the Sicamous boat launch and local marinas, this property offers easy access to Shuswap Lake as well as world-class snowmobiling areas in the winter. A rare opportunity to own a flexible property combining shop space, additional living quarters and recreation lifestyle all in one. (id:65958)
Main level
| Room | Dimensions | Features |
|---|---|---|
| Workshop | 31' x 34' | |
| Living room | 15'5'' x 17' | |
| 3pc Bathroom | 6'9'' x 9'1'' | |
| Bedroom | 10'3'' x 11'7'' | |
| Bedroom | 12'4'' x 10'4'' | |
| Living room | 13'11'' x 12'4'' | |
| Kitchen | 13'1'' x 12'7'' | |
| Dining room | 10'4'' x 13' | |
| Primary Bedroom | 13' x 12'2'' | |
| Bedroom | 9'7'' x 12'3'' | |
| 2pc Ensuite bath | 5'4'' x 6'7'' | |
| 4pc Bathroom | 4'11'' x 8'8'' |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-6.65%
Cap rate
3.53%
GRM
16.7
Break-even rent
$5,087
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Sicamous. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.