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    Country Home with 4 Rental Cabins for Income - Princeton, BC

    Okanagan Listing No. 21240

    Newly renovated 2,568 ft2 home on 2 acres with 4 additional rental cabins. Each cabin has its own deck and bathroom. Perfect for an Airbnb. Near Osprey, Link and Chain Lake. Access to backcountry for hunting, ATVing and sledding. Pro-forma for revenue available.


    Price
    $695,000

    Size
    2 acres

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    Description

    This newly renovated 2,568 square foot home on 2 acres has 4 additional rental cabins which means you have an awesome opportunity for rental income. Live the country lifestyle while renting the cabins nightly, weekly or monthly. The number of people looking to get out of the city, spend some time in a cozy cabin, and experience nature has never been higher than it is today. Perfect for an air B&B rental. This property actually has a commercial zoning which opens it up to a wide variety of potential uses.

    Three cabins are 20 x 14 ft and one is 20 x 20, each with their own deck and bathroom. Great location with tons of drive by traffic. Located near Osprey, Link and Chain Lake, a popular recreational destination, well known for its fishing and water sports. This property also is centrally located to a wide network of ATV trails, logging roads perfect for accessing the hunting in the area or just exploring the backcountry. The property used to be operated as Teepee Lakes Store but has now been converted into a beautiful country home with a very unique floor plan. It has an open concept kitchen, dining and living room with a pellet stove to curl up by with glass of wine or coffee on a cool fall day. Extra living room, office area, two bedrooms. Two more complete separate bathrooms with showers for cabin guests complete with laundry facilities. Open covered decks on all buildings.

    Call the listing REALTOR® today for more info including a copy of the proforma showing revenue expectations for the cabin rentals.

    Location

    Located approximately 40 km north east from Princeton, BC out the Princeton Summerland Road. Please see the mapping section of this listing for the detailed location.

    Access

    Located approximately 40 km northeast from Princeton, BC out the Princeton Summerland Road. Please see the mapping section of this listing for the detailed location.

    Area Data

    The town of Princeton is beautifully situated in the foothills of the Cascade Mountains where the Tulameen and Similkameen rivers meet. The mountains, valleys and hundreds of miles of backcountry roads make it a natural setting for outdoor activities. Either of the two rivers are natural choices for gold panning, tubing and paddling. The 49 lakes in the area make Princeton a prime fishing destination throughout the year.

    Manning and Cathedral Provincial Parks surround Princeton providing for ample recreational opportunities. Manning Park is only 45 minutes away and has an excellent ski hill, hundreds of camping sites, and many hiking and cross-country ski trails. The larger Apex Mountain Ski Resort is also only 45 minutes away.

    Princeton has a primary school (K to grade 3), one middle school (grades 4 to 7) and one high school (grades 8 to 12), as well as a continuing education center.

    Three excellent fishing lakes, Chain, Link and Osprey are located just minutes away from the property on the Princeton-Summerland Road.

    The Princeton area is relatively dry country, being in the rain shadow of the Cascade Mountains. Interior Douglas fir, Ponderosa pine and lodgepole pine, as well as aspen are the main trees growing in the area.

    Princeton's economy centers around the traditional resource based industries with forestry and agriculture playing key roles in shaping the community. Tourism is emerging as a new industry in Princeton, with many outdoor activities as the focus. The large copper mine has recently announced that they will be resuming operation in 2010, which will be a boost to the local economy. Princeton’s airport has a mile long paved runway, a new terminal building and new fuel depots.

    Recreation

    The area offers fabulous outdoor recreation year-round. In the summer, water skiing and swimming at Tulameen's pristine Otter Lake are popular activities. There is excellent fishing in nearby Otter Lake, Chain, Link and Osprey Lakes, in the rivers and many smaller lakes in the area. 47 of the nearby lakes are considered good trout lakes.

    Both the Similkameen and Tulameen rivers are excellent for tubing, paddling or gold panning.

    The KVR/Trans Canada Trail offers miles and miles of cycling, hiking, cross-country skiing and horse-back riding.

    Nearby Manning Park and Cathedral Provincial Park offers excellent hiking opportunities with stunning vistas and viewpoints of the North Western Cascade Mountain Range.

    In the winter, there's plenty of snow in the surrounding mountains for snowmobiling and cross-country skiing.

    Princeton Golf Course has 18 holes and a driving range a restaurant and an RV Park, and is located nearby.

    The historic towns of Coalmont, Tulameen and Hedley are located in a nearby radius of Princeton and can be explored for evidence of their coal and gold mining pasts.

    History

    Princeton was first known by the name of Vermilion Forks, after the red, yellow and orange ochre gathered by the natives for face painting. The area was also referred to as Allison Flats, after the first white settler to the area, John Fall Allison. In 1860 the name was changed to Princeton in honour of Prince Edward the Prince of Wales who visited Eastern Canada in that year.

    In 1885 gold was discovered at Granite Creek and by 1897 Granite City was considered the third largest city in BC. What remains of the former town site can be discovered 1 km east of Coalmont on the south shore of the Tulameen River.

    In the early 1900s Coalmont and the neighbouring town of Tulameen were thriving mining communities with coal being mined for the locomotives and steamships of the CPR. Today the coal claims are again being developed in a small way, and people still find small deposits of gold and platinum in the area.

    Boundaries

    Please see mapping section (all boundaries are approximate).

    Map Reference

    49°43'1.16"N and 120°14'6.76"W

    Services

    • Power
    • Drilled well
    • Septic
    • Telephone
    • Internet

    Improvements

    • Newly renovated 2,568 square foot home
    • Three separate cabins 20 x 14 ft feet in size each with their own bathroom
    • One larger 20 x 20 ft cabin also with its own bathroom

    Tax Details

    $2,992 (2020)

    Zoning

    CT - Commercial Tourism

    Legal

    LOT A DISTRICT LOT 4162 KAMLOOPS DIVISION YALE DISTRICT PLAN KAP55829
    PID 023-257-717

    Maps & Plans

    Map01

    Maps & Plans

    Our property descriptions and geographical information are taken from the BC Assessment Authority, Land Titles Office, government maps and other sources. While LandQuest® does not guarantee the information, we believe it to be accurate, but should not be relied upon without verification. This communication is not intended to cause or induce breach of an existing agency agreement.

    Location