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Mixed-Use Beachfront Home w/ Income Streams - Kootenay Lake, BC

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  • Balfour, BC
    Canada
  • Auction #382-1
    Commercial Property
  • Interior Space:
    ± 11,377 SF
  • Lot Size:
    ±1.20 acres
  • Transaction Fee:
    5%
  • Broker
    Co-op:
    1.75%

Commercial Property For Sale in Balfour, BC

Mixed-Use Beachfront Home w/ Income Streams - Kootenay Lake, BC

7924 Balfour Wharf Road, Highway 3A, Balfour, BC V0G 1C0

RE/MAX Little Oak Realty and The Future of Real Estate (FRE.com) are pleased to present the Online Auction (contingencies accepted) for upscale beachfront living with commercial leases, residential rentals, and executive quarters on ±1.2 acres near Nelson, BC.


Lifestyle Investment Opportunity! Enjoy the life you've always dreamed of on magical Kootenay Lake while earning steady revenue. This executive southern exposure beachfront home comes with upscale living quarters, residential rentals, and commercial leases next door to a captive ferry market. Located in Balfour, 20 miles from Nelson and 9 miles to the world-famous Ainsworth Hot Springs. Kootenay Lake is one of Canada's top 10 places to see, according to MacLean's Magazine.

PROPERTY HIGHLIGHTS

  • Scenic views of the lake and mountains from every window
  • Soft and sandy beach with 120 feet of lake frontage, dock, and boat moorage
  • 55 miles to the US Border and 169 miles from Spokane
  • Custom hand-hewn timber frame with upscale features
  • Cathedral ceilings that vault up to 25 feet
  • Five full-kitchen apartments to rent out (including the duplex on-site)
  • Easy to rent with near-zero vacancy
  • Five decks (three large timber frame decks, a concrete deck, and a Juliet balcony), ten washrooms, five kitchens (one commercial), and four wet bars
  • The duplex on-site adds two more washrooms, and two more kitchens, and brings the total bedroom count to ten

INVESTMENT HIGHLIGHTS

  • The building comes with a fully operational restaurant with a tenant-in-place
  • The restaurant is a locals' and tourists' favorite with over 10,000 likes on Facebook
  • Recently paved parking lot and a new dock with year-round boat moorage
  • A currently unoccupied retail lease space facing the ferry landing and highway will provide additional income
  • Two liquor licenses for the commercial area
  • The property is adjacent to the ferry landing (the longest free ferry in North America) which accommodates hundreds of thousands of passengers a year
  • The best location on Kootenay Lake: lake frontage, ferry landing frontage, boat access & highway frontage, with many local amenities
  • The Kootenays region is exempt from the speculation tax
  • $83.1 million direct government investment in community and ferry landing upgrades including a new electric-ready ferry (complete in 2023)

COMMUNITY HIGHLIGHTS

BC Provincial Nominee Program, as well as other programs, can expedite immigration into Canada

  • Balfour, BC is a satellite community only a 25-minute drive away from Nelson, BC, 55 miles to the US border, 1 hour away from West Kootenay Regional Airport
  • Temperate climate all year round, rarely below -5C (23F) in the winter
  • Kootenay Lake is one of British Columbia's largest lakes. It remains ice-free in the winter, yet great skiing is just down the road
  • Recreational paradise - year-round activities such as hot springs, water sports, fishing, golfing, skiing (heli, cat, downhill, cross-country), snowmobiling, popular provincial campground and interpretive center, biking, hiking, and much more
  • The population of about 22,000 permanent residents within 2 km of Kootenay Lake
  • Balfour is governed by the Regional District Central Kootenay which has a population of around 55,000
  • From 2016 to 2021 the population of Nelson increased by 4.6 percent
  • Kootenay Rockies is one of only three places in Canada to achieve biosphere-certified destination status - the region is committed to the ongoing improvement of sustainability in the region

Downloadable Documents

Property Information

Auction Information

User Access Form

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Property Viewing

If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

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Financing

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Broker of Record for this property: RE/MAX Little Oak Realty

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

Contingencies may be included with your bid

BID DEADLINE:   21 Jul 5:00 pm PDT
Show values in:
Starting Bid: CAD $1,495,000
US $1,162,904
Suggested Value:CAD $3,585,000
US $2,788,635
Required bid deposit: CAD $1,000
US $778
days
hours
mins
secs
Auction Ended
Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
Ray Yenkana Property Representative RE/MAX Little Oak Realty P: (604) 614-7653 E: ray@rayyenkana.com https://rmc.fre.com
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Commercial Property For Sale in Balfour, BC
Mixed-Use Beachfront Home w/ Income Streams - Kootenay Lake, BC
7924 Balfour Wharf Road, Highway 3A
Balfour, BC V0G 1C0
Canada
Auction # 382-1

Contingencies may be included with your bid

Bid Deadline:
21 Jul 5:00 pm PDT
Starting Bid
CAD $1,495,000
US $1,162,904
Suggested Value
CAD $3,585,000
US $2,788,635
Required bid deposit
CAD $1,000
US $778
Show values in: 
  • Balfour, BC
    Canada
  • Property Type:
    Commercial Property
  • Interior Space:
    ± 11,377 SF
  • Lot Size:
    ±1.20 acres
  • Transaction Fee:
    5%
  • Broker Co-op:
    1.75%
Property Description

RE/MAX Little Oak Realty and The Future of Real Estate (FRE.com) are pleased to present the Online Auction (contingencies accepted) for upscale beachfront living with commercial leases, residential rentals, and executive quarters on ±1.2 acres near Nelson, BC.


Lifestyle Investment Opportunity! Enjoy the life you've always dreamed of on magical Kootenay Lake while earning steady revenue. This executive southern exposure beachfront home comes with upscale living quarters, residential rentals, and commercial leases next door to a captive ferry market. Located in Balfour, 20 miles from Nelson and 9 miles to the world-famous Ainsworth Hot Springs. Kootenay Lake is one of Canada's top 10 places to see, according to MacLean's Magazine.

PROPERTY HIGHLIGHTS

  • Scenic views of the lake and mountains from every window
  • Soft and sandy beach with 120 feet of lake frontage, dock, and boat moorage
  • 55 miles to the US Border and 169 miles from Spokane
  • Custom hand-hewn timber frame with upscale features
  • Cathedral ceilings that vault up to 25 feet
  • Five full-kitchen apartments to rent out (including the duplex on-site)
  • Easy to rent with near-zero vacancy
  • Five decks (three large timber frame decks, a concrete deck, and a Juliet balcony), ten washrooms, five kitchens (one commercial), and four wet bars
  • The duplex on-site adds two more washrooms, and two more kitchens, and brings the total bedroom count to ten

INVESTMENT HIGHLIGHTS

  • The building comes with a fully operational restaurant with a tenant-in-place
  • The restaurant is a locals' and tourists' favorite with over 10,000 likes on Facebook
  • Recently paved parking lot and a new dock with year-round boat moorage
  • A currently unoccupied retail lease space facing the ferry landing and highway will provide additional income
  • Two liquor licenses for the commercial area
  • The property is adjacent to the ferry landing (the longest free ferry in North America) which accommodates hundreds of thousands of passengers a year
  • The best location on Kootenay Lake: lake frontage, ferry landing frontage, boat access & highway frontage, with many local amenities
  • The Kootenays region is exempt from the speculation tax
  • $83.1 million direct government investment in community and ferry landing upgrades including a new electric-ready ferry (complete in 2023)

COMMUNITY HIGHLIGHTS

BC Provincial Nominee Program, as well as other programs, can expedite immigration into Canada

  • Balfour, BC is a satellite community only a 25-minute drive away from Nelson, BC, 55 miles to the US border, 1 hour away from West Kootenay Regional Airport
  • Temperate climate all year round, rarely below -5C (23F) in the winter
  • Kootenay Lake is one of British Columbia's largest lakes. It remains ice-free in the winter, yet great skiing is just down the road
  • Recreational paradise - year-round activities such as hot springs, water sports, fishing, golfing, skiing (heli, cat, downhill, cross-country), snowmobiling, popular provincial campground and interpretive center, biking, hiking, and much more
  • The population of about 22,000 permanent residents within 2 km of Kootenay Lake
  • Balfour is governed by the Regional District Central Kootenay which has a population of around 55,000
  • From 2016 to 2021 the population of Nelson increased by 4.6 percent
  • Kootenay Rockies is one of only three places in Canada to achieve biosphere-certified destination status - the region is committed to the ongoing improvement of sustainability in the region
Downloadable Documents
User Access Form
Property Viewing

Property Viewing

If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

Start Temporary Access Agreement
Financing

Financing

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Contact Us
Patrick Kelleher Event Manager The Future of Real Estate (FRE) P: (949) 706-6117 E: pkelleher@fre.com
Ray Yenkana Property Representative RE/MAX Little Oak Realty P: (604) 614-7653 E: ray@rayyenkana.com https://rmc.fre.com
Broker of Record for this property: RE/MAX Little Oak Realty

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the Asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.