5055 Ridge Road

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:67517)

• Property Details

  MLS® Number	10396327
  Property Type	Vacant Land
  Neigbourhood	Eagle Bay
  AmenitiesNearBy	Golf Nearby
  CommunityFeatures	Rural Setting
  RoadType	Gravel Road
  ViewType	Lake View, Mountain View, Valley View

• Building

  Type	Other
  UtilityWater	Private Utility

• Land

  Acreage	Yes
  CurrentUse	Development Residential
  FenceType	Not Fenced
  LandAmenities	Golf Nearby
  LandscapeFeatures	Wooded Area
  Sewer	No Sewage System
  SizeIrregular	157.85
  SizeTotal	157.85 Ac|100+ Acres
  SizeTotalText	157.85 Ac|100+ Acres

• Rooms
• Utilities

  Natural Gas	At Lot Line
  Water	Available