The upcoming August issue of Western Investor shows that it is possible to buy a comfortable home on B.C. oceanfront or lakefront for less than the cost of a condo in the city, sometimes a lot less.
As the article notes, some will likely opt to leave the big city and its million-dollar-level homes behind and move to where and what life in B.C. is all about: waterfront and the great outdoors.
After we went to press, we discovered more waterfront parcels that may represent good value. Here are two examples:
Peachland lakefront: Price $228,800: A rustic cottage is situated on Headwater Lake #3 near Peachland, B.C. The cottage has been updated and comes fully furnished and features new tin roof, solar power, high-speed satellite Internet, new propane stove, fridge and outhouse. Listed by Royal Lepage, Kelowna.
Mabel Lake near Vernon. Price: $371,000: A truly quintessential cabin has an open floor plan with kitchen, living room and eating area, and a full width deck overlooking the lake. Cottage is right on the lakefront with a westerly view, ample beach and docks for summer fun and boat tie-up. This property is a 10-year Crown Lease with the latest renewal completed in 2018 and an annual fee payable. Located just south of the Provincial Park and one hour from Vernon. B.C. Listed by Re/Max Vernon.