$29,500

About this home

Builder alert! This is a premium, south-facing, view lot in Gateway Lakeview Estates in Lee Creek. Buying this affordable recreational lot and then building a beautiful cozy cottage, could be the perfect opportunity to pick up some huge equity! Come and take a look at this opportunity to see if it fits your ability to complete a new home project. Your gain in equity could far outweigh the effort put in. 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 your new cottage out for only one weekend 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 will be reduced. There are 111 properties to sell so that fee will get reduced by about $350.00 when they’re gone. These changes to the HOA fee will be reflected in future annual budgets. So, the currently heavy HOA fee is temporary. Undivided Interest properties are typically an ‘all cash’ purchase but here, the Seller will lend any qualified buyer a mortgage at competitive rates with a minimum 50% down payment! It does not get any better than this for the money! 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. Book your appointment to view now, you gotta see it to believe it! (id:65958)

Subtype

Recreational

Structure

Other

Community

North Shuswap

Common interest

Freehold

Lot size

0.08 acres

Lot dimensions

0.08

Condo/HOA fee

$699.89 monthly

On market

Feb 27, 2026

Status changed

Apr 26, 2026

Annual tax

$349.28

Photos

10

MLS#

10376980

Area

LEE_CREEK

Features and systems

Mortgage estimate