$269,500

About this home

Investor alert, diamond in the rough! Perched on a premium, south-facing, water view lot in the heart of Gateway Lakeview Resort in Lee Creek, sits this rustic rancher with full basement, this could be the perfect opportunity to pick up some huge equity! The water view is epic from the home and deck on this cliffside lot, wow, nothing but water and mountains! This home needs some finishing, but if you have it in you to do that, the increase in equity would be well worth the effort! Appliances, furnace, lighting & plumbing fixtures, it’s mostly all there! This would be a very solid start to a owning a cozy cottage at the Shuswap with direct, private access to the lake! This gated community is open year-round, allowing all to enjoy a myriad of year-round recreational activities in all four seasons. Private Lake access features a large beach area with a daytime dock. Zoning allows for 182 days of usage per year. Rent this cottage out to easily recoup the monthly fee of $699.89 and then enjoy the rest of the time yourself. With every new property sold, the HOA fee gets reduced and will be reflected in annual budgets. Undivided Interest properties are typically an ‘all cash’ purchase but here, the Seller will lend qualified buyers a mortgage at competitive rates with a minimum 25% down! On top of that, the Buyer will receive a Buyer credit from the developer on closing in the amount of $4200 to combat those fees for 6 months. Book your appointment today to view the site! (id:65958)

Subtype

Recreational

Architectural style

Ranch

Structure

House

Community

North Shuswap

Common interest

Freehold

Living area

1,529 square feet

Lot size

0.05 acres

Lot dimensions

0.05

Condo/HOA fee

$699 monthly

Stories

2

Fireplace

1

On market

Feb 19, 2026

Status changed

Apr 26, 2026

Annual tax

$1,237.06

Photos

24

MLS#

10376462

Area

LEE_CREEK

Features and systems

Mortgage estimate