Prime Subdivision Potential 4322 Yellowhead ... - Venture Connect

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Prime Subdivision Potential 4322 Yellowhead Highway South Barriere, British Columbia

Excellent highway access location in growing community of Barriere, British Columbia. Zoned Residential with municipal water and minutes from downtown core. RE/MAX INTEGRITY REALTY 2 – 4353 Conner Road Barriere, BC, V0E 1E0

Kathy Campbell, Owner/Broker Toll Free: 877-672-6611 [email protected]

Location Barriere is just 40 minutes north of Kamloops and midway between Vancouver and Edmonton. Situated in the North Thompson Valley, with an abundance of freshwater lakes, Barriere is the gateway to summer activities; including fishing, white-water rafting, horseback riding, camping, hiking, hunting, boating, golfing and wildlife viewing, as well as winter activities; including heli-skiing, snowmobiliing, cross-country skiing, ice-fishing and more! Barriere is a great place for young families, retirees and businesses. A safe, friendly and affordable community with all the convenient amenities, including bank, grocery store, pharmacy, elementary and secondary schools, hardware store, liquor store, chamber of commerce, library and so much more! Barriere has a zero percent rental vacancy rate and approximately 50% of home buyers are from out of town (source: Re/Max Integrity sales Jan 2016-Dec 2017). Average sales price of single family homes in Barriere from Jan 1, 2017-Dec 14, 2017 was $293,552 (source: KADREA MLS data). The 2016 average sales price of Barriere single family homes was $250,950 (source: KADREA MLS data).

Profile This 11.96 acre property is not in the Agricultural Land Reserve and is zoned Residential. It is currently used as a farm and is taxed accordingly as farm status at $779 for 2017. Proposed subdivision plan on file shows 51 lots. Ground broke with Tru Engineering Subdivision schematic.

Development Suitability The property has western exposure to Yellowhead Highway with Mountain Road on the southern border. Property is served by municipal water and currently on septic, although the town has recently invested in Solar Aquatics System for treatment of raw sewage and wastewater. Phase 1 is servicing a localized one mile radius area, while phase 2 will expand to include the subject property, with no dedicated time frame on this extention.

General Information Legal Description: LOT 16 DISTRICT LOTS 1317 & 1325 KDYD PLAN 1746 EXCEPT PLANS A832, 32494 & H749 Address: 4322 Yellowhead Highway South Region: North Thompson (TNRD) Opportunity Type: Land and existing house and farm structures, with potential for multi-family residential development

Zoning DIVISION SIX - RESIDENTIAL (R) ZONE PURPOSE The purpose of this zone is to permit a mix of conventional, low density urban residential development on municipal services. 6.1 PERMITTED USES Principal Uses Accessory Uses • Single Detached Dwelling • Duplex • Townhome (max. two dwelling units per building) • Secondary Dwelling Unit • Accessory buildings • Large animals (kept outside the dwelling unit and limited to 1per 0.4ha) 6.2 MINIMUM LOT SIZE (a) The minimum parcel size for subdivision is 500 square metres for a lot serviced by a community water system and a community wastewater system; (b) The minimum parcel size for subdivision is 4,000 square metres for a lot serviced by a community water system but no community wastewater system; 6.3 LOT COVERAGE (a) The maximum lot coverage permitted shall be 25 percent of the lot area unless the lot is serviced by both a community water system and a community wastewater system, where the maximum lot coverage shall be 40 percent. 6.4 MINIMUM REQUIRED LOT LINE SETBACKS (a) Front - 6 metres (b) Side - 1.5 metres, unless the side lot abuts a highway where it shall be 4.5 metres. (c) Rear - 6 metres, except in the case of accessory buildings where it shall be 1.5 metres. 6.5 HEIGHT OF BUILDINGS The maximum height permitted shall be: (a) 12 metres for the principal building (b) 5 metres for any accessory building. 6.6 CONDITIONS OF USE (a) Newly subdivided lots must be serviced by community water and where available, community wastewater.

Financial Information Ownership: Freehold Terms: Sale Municipal Taxes: $779.58 for 2017 Asking Price: 2,000,000.00

Land Information Zoning: Residental “R” Land Area: 11.96 Acres or 4.84 Hectares Developed Land: 2730 Sq Ft House, Outbuildings with Barn, Pens, Garage, Outbuildings, All fenced & Cross Fenced. Land Use History: Farm

Site Services Water: Municipal, Irrigation from North Thompson River Sewer and Wastewater: Septic Installed, Solar Aquatics System for treatment of sewage and wastewater in development stages. Electricity: BC Hydro Heating Fuel: Oil Telecommunications: Providers available for cable, telephone, cellular service, internet Agricultural Information: Irrigation from North Thompson River

Proximity and Transportation Highway: Immediate access Railway: 60 km to Kamloops Airport: Kamloops Airport 66 km, City/Town Access: 2km to Barriere Town Center; 60km to Kamloops; 410 km to Vancouver

Climate and Elevation (Average) Temperature: January -4c, July 20c Rainfall: 340 mm annual Snowfall: 83 cm annual Elevation: 407 m

RE/MAX INTEGRITY REALTY Kathy Campbell, Owner/Broker 2 – 4353 Conner Road Toll Free: 877-672-6611 Barriere, BC, V0E 1E0 [email protected]