High Density development property on the Sicamous Narrows/Shuswap Lake with operating marina. On the land is a 62,000 ft2 underground parking garage. Previous plans were for 67 condos each with a marine slip. Municipal sewer and water at lot line.
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High Density Lakefront Development site including a marina operation in Sicamous, BC (half-way between Calgary and Vancouver).
The upland parcel is 2.55 acres and zoned for a Multi-Unit structure allowing residential uses including short term rentals—a high demand end product. Original plans and permits were taken out for a 67-unit 3 building condo structure with marina slip available for each unit—all related permits have since expired. Remaining from this unbuilt venture is a 62,000 ft2 concrete underground parking garage with 162 stalls. This structure serves as a potential income stream/storage complex in the pre-development stage and later providing cost savings for development. The Buyer’s due diligence period could assure the structure’s functionality for their intended development plans.
The foreshore area in front of the land covers 1.6+ acres in the Sicamous Narrows, a busy and popular boating route accessing the Shuswap Lake system. The marina currently brings in solid income, a nice attribute covering holding costs in the pre-development and planning stage. Note: in addition to the 1.6 marine acres mentioned above, there is an additional pier in the marina with exclusive use by this owner until 2035 at which time the adjacent property will take over just this one additional pier and the rest will remain with this property. Prior to 2035 this bonus pier will bring in some solid income, approx. $35k/year x 11 years = $385k at today’s rates.
Municipal water and sewer run along Riverside Avenue in front of lot. DCC’s were paid for the previously planned structure.
The site location is conveniently located next to a boat launch.
This is the ideal set up to develop and sell residential units with a marina slip, some form of condo hotel set up catering to the recreational/boating crowd, or perhaps a 55+ complex in a lifestyle-oriented retirement complex or other development venture.
630 Riverside Avenue - Sicamous, BC
Sicamous is a small town located in the interior of British Columbia, situated on the shores of Shuswap Lake at the junction of the Trans-Canada Highway and Highway 97A. The town is part of the Columbia-Shuswap Regional District and has a population of around 3,000 people not including the thousands of recreational visitors and second homeowners present in the summer/boating months. Sicamous is known as the Houseboat Capital of Canada, due to the popularity of houseboating on Shuswap Lake during the summer months. Visitors can rent a houseboat and spend several days exploring the lake and its beautiful beaches and shoreline. This property is located on the popular narrows a connecting waterway between the Mara and the main Shuswap Lake. The town is also a popular destination for other outdoor activities, such as hiking, biking, and fishing. There are several nearby provincial parks, including the Sicamous Creek Falls Provincial Park and the Eagle River Provincial Park, where visitors can enjoy hiking trails and scenic views. In addition to outdoor activities, Sicamous has a number of shops, restaurants, and accommodations, making it a great destination for a weekend getaway or longer vacation.
The Shuswap Lake system is a group of interconnected lakes in the interior of British Columbia. It is one of the province's largest and most popular recreational areas in BC. The Shuswap Lake system consists of three main lakes: Shuswap Lake, Little Shuswap Lake, and Mara Lake, as well as a number of smaller lakes and waterways. The lakes are fed by several rivers, including the Adams River, the Eagle River, and the Salmon River. Shuswap Lake, the largest lake in the system, is over 80 km long and has over 1,000 km of shoreline. It is known for its crystal-clear water, sandy beaches, and warm temperatures during the summer months. Visitors can enjoy a variety of water activities, such as swimming, boating, fishing, and kayaking. The Shuswap Lake system is surrounded by beautiful scenery, with rugged mountains, forests, and parks providing a stunning backdrop for outdoor activities.
Sicamous has a rich history dating back to the 1800s. The town was named after the Secwepemc word for "narrow or squeezed in the middle" which refers to its location at the narrowest point between Shuswap Lake and Mara Lake. The first non-Indigenous settlers in the area arrived in the late 1800s, and by the early 1900s the town had become an important transportation hub, with a railway line passing through it. Sicamous grew rapidly during this time, with many businesses and industries springing up, including sawmills, fruit packing plants, and a bustling wharf. In the early 1920s, the automobile began to replace the railway as the primary mode of transportation, and the town's focus shifted to tourism. Sicamous became known as a popular destination for boating, fishing, and hunting, and many cottages and resorts were built along the lakeshores. During World War II, Sicamous played an important role as a training site for the Royal Canadian Air Force. After the war, the town continued to grow and develop, with a new highway passing through it in the 1950s, further increasing its accessibility and popularity as a tourist destination.
Today, Sicamous is still a popular destination for outdoor enthusiasts, with a thriving tourism industry and a range of amenities and attractions. Despite its growth and development, the town has managed to preserve much of its history and heritage, with several historic buildings and sites still standing and many cultural events and festivals held throughout the year.
Please see mapping section, all boundaries are approximate.
50°49'42.82"N and 118°59'19.36"W
Power, phone, Municipal water, Municipal sewer.
62,000 ft2 underground parkade with 162 stalls.
$35,147 (2022)
MUR-2 Seasonal Accommodation
This zone is intended to support mixed use developments that serve primarily as multi-family residential sites, but may include second homes as seasonal accommodations and to a lessor extent, short term rentals.
Primary Uses
Multi-Family Dwelling
Accessory Uses
Home based business, office, short term rentals, indoor recreation.
Density
Parcel Coverage
80% for buildings and 90% for all impermeable surfaces.
Maximum Height
22 m
Full zoning, development and building bylaws can be found on the District of Sicamous website.
W-2 Group Moorage
This zone is intended to support Tourist Accommodation and Multi-Use Dwelling moorage uses on the Foreshore and surface of Shuswap Lake and Mara Lake.
Principle Uses
Boat Lift, Recreational Water Activities, Swimming Platform, Group Moorage Facilities.
Maximum Berths
Maximum number of berths in a Group Moorage Facility per Waterfront Parcel
Lot 1 District Lot 452 Kamloops Division Yale District Plan KAP86046
PID 027-414-477
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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.
Sicamous
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