NOW priced at $219,000!!! DEEPLY REDUCED FORECLOSURE!
Originally priced at $289,000, tax assessed value $296,300- BRING OFFERS!
Welcome to 5745 Sinclair Street Edgewater! For less money then many condos you can own a home plus an outbuilding on real land in a great community!
0.249 acre, flat, corner, fee simple property with amazing Mountain views in the beautiful hamlet of Edgewater BC (ten minutes north of Radium Hot Springs)! Significant frontage and accessibility from Sinclair Street.
Compare the asking price to the assessed value of $296,300! The property includes two structures, the first being a 3 bedroom, two bathroom home. The second being a 'shop' building with an upstairs bedroom and bathroom (suite potential?).
The property is being sold "As is/Where is", and the sale is subject to court approval. There could be some issues with drainage pipes needing some work and buyers are encouraged to do their own research.
The main home was constructed around 2000 and is a slab on grade foundation and built with 'straw-bales', the exterior is finished in yellow adobe stucco and bright red metal roofing, the interior window wells are rounded and deep and provide a unique feeling/ atmosphere (hobbit house?), and great insulation.
The kitchen features nice counter tops and wood cabinets. The living room is inviting with a tall vaulted ceiling. On the main level is two bedrooms, and a full bath with laundry. Perched overlooking the living room is a loft master bedroom with en-suite. Where can you get this much for this little?? Is the property perfect? NO. Does it offer excellent value? YES. View it TODAY!
The current asking price offers the value and the opportunity for a purchaser to re-invest in the property and add some additional 'love'!
Edgewater is a popular community for year round residents, it features a great K-7 school, local gas & grocery store, and a recently completely revamped outdoor rink and ball diamond area. There are numerous community events at the fully restored historical community hall, or at the Legion. Every July the community hosts the popular "Steam Boat Mountain Music Festival". Lots of community- a great place to raise your family! Or a quiet small town to consider for a recreation or retirement property.
The benefits of this property include: true fee simple land ownership, no strata fees/ home owner association costs, reasonable tax costs, opportunity for secondary rental suite revenue, straw-bale construction results in thick walls and good insulation value (warm in the winter, and cool in the summer).