11
$4,195,000 Sale
Listed 75 days ago
5055 Ridge Road
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Key Facts
Key facts for 5055 Ridge Road
Property Type
Lots/Land
Parking
Garage: No, 0 parking
MLS #
10396327
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
Court Ordered Sale of a large format development site above Eagle Bay in BC's popular and growing Shuswap region. Currently zoned R2, the site supports development into 2.5 acre lots with a considerable level of infrastructure and feasibility analysis already complete. The property is improved with ...a licensed and operational private water utility that currently services 74 homes and 30 additional lots on a neighbouring property, and has the capacity to service an estimated 80 additional residences, more than sufficient for the subject property. The water system consists of a 632,000 litre reservoir, 5 wells, and underground servicing on the existing property and neighbouring properties. The private utility has an estimated replacement cost of $2.5m. Ridge Road provides access through the property to the water reservoir. The road is gravel and is built to MOTI grade specs. This is a well located development site with a significant level of hard and soft costs already completed. Sale is by way of Court Order. (id:10452)
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Listing courtesy of: Colliers
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