June 26, 2022

5095 Snowbird Method, No. 5, Massive White, B.C.

Asking value: $838,800 (Jan. 28)

Promoting value: $855,000 (Jan. 28)

Days on market: 1

Taxes: $3,117 (2021)

Month-to-month upkeep price: $383

Itemizing agent: Richard Deacon, Engel & Volkers Okanagan

The 2-storey, 1,400-square-foot, two-bedroom and two-bathroom townhouse was offered totally furnished and turnkey prepared for occupation.Engel & Volkers Okanagan

The Motion

Itemizing agent Richard Deacon acquired two provides inside hours of itemizing the unit, which offered the identical day. The sellers bought the property in 2019 for $525,000, however determined to promote as a result of their youngsters have been getting older. As nicely, the market had set a file for value jumps.

“Sooner or later, you make sufficient on one thing and it’s important to ask if it’s value promoting. They knew there could be robust demand, and we priced it at a premium and we nonetheless obtained over asking,” Mr. Deacon mentioned.

The townhouse boasts cathedral ceilings, uncovered wooden ending, a rock hearth and an open kitchen.Engel & Volkers Okanagan

What They Acquired

This leisure ski property 60 kilometres east of Kelowna is a two-storey, 1,400-square-foot, two-bedroom and two-bathroom townhouse that was offered totally furnished and turnkey prepared for occupation.

The advanced, in-built 2003, is strolling distance to outlets, eating places and gondola. It consists of cathedral ceilings, uncovered wooden ending, rock hearth, open kitchen, scorching tub on the balcony and storage.

The rental earnings is about $25,000 to $30,000 yearly, which might permit the proprietor to make use of the unit for about one-third of the ski season. The models shouldn’t have rental restrictions.

The advanced is inside strolling distance to outlets, eating places and the gondola at Massive White ski resort.Engel & Volkers Okanagan

The Agent’s Take

Prosperous folks transferring into the area typically purchase a home in Kelowna and a leisure property on the similar time, Mr. Deacon mentioned.

“It’s virtually change into a crucial a part of the equation. They’ve a $2.5-million finances and so they resolve to spend $2-million on a home and $500,000 at Massive White.”

The sale accomplished March 1.

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