Description

High Density Lakefront Development site including marina operation in Sicamous, BC (1/2 way between Calgary & Vancouver). The upland parcel is 2.55 acres & zoned for a Multi-Unit structure allowing residential uses including short term rentals. The foreshore area covers 1.6+ acres in the Sicamous Narrows, a busy & popular boating route accessing the Shuswap Lake system. The marina currently brings in solid income, a nice attribute covering holding costs in the pre-development & planning stage. On the land there is a 62,000 sf underground parking garage with 162 stalls adding another potential income stream/storage. Original plans & permits were taken out for a 67-unit 3 building condo structure, all related permits have expired. Municipal water & sewer run along Riverside Ave in front of lot. DCC were paid for this planned structure. Ideal property for condo units with a marina slip, a condo hotel set up with marina operation, 55+ residence catering to the boating crowd.