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Rob McKibbon - REALTOR® - BIGRob.ca

Rob McKibbon, REALTOR® - turning our clients into friends!

  • Direct: 250-804-6288
  • Fax: 250-832-7573
  • Toll Free: 1-866-463-2791
  • Office: 250-832-7871
  • SOLD@BIGRob.ca
  • Robert McKibbon, REALTOR®
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7 6592 Northwest Trans Canada Highway in Salmon Arm: Glen Echo Resort House for sale (NW Salmon Arm) : MLS(r) # 10107023

7 6592 Northwest Trans Canada Highway Salmon Arm V1E 4M2 : Glen Echo Resort

Main Photo: 7 6592 Northwest Trans Canada Highway in Salmon Arm: Glen Echo Resort House for sale (NW Salmon Arm)  : MLS(r) # 10107023banner
$39,900
Prop. Type:
Single Family
MLS® Num:
10107023
Status:
Sold
Bedrooms:
1
Bathrooms:
1

BEST WATERFRONT Deal in the Shuswap Today! 40ft RV at Glen Echo Resort, Sale includes 1/20th ownership of 80 RV site resort. No monthly fees for owners and that includes everything! Beach, Playground, Amenities, Full Covered Deck, Summer Recreational Use on the LAKE! RV has full Bedrm, 2 Beds, Full Bathrm, All Hookups including sewer, propane gas & water, Fridge, Stove & Microwave, Enjoy the revenue of leasing out 60 RV Sites shared by the 20 owners, pad rents or taxes in most typical years! Place your boat buoy, enjoy the swimming area, sandy volleyball court, security gate, full on site manager, QUIET Park. Sale includes 1998 Golden Falcon Presidential Series RV (Ser# KEC00355; CSA# 97103; Lic# 14613; Reg# 104291) & $10,000 shareholders Loan credit, that is paid. Owners also share in the caretakers residence asset & working capital, currently in the mid-six figures. Stop looking now..... this is the BEST Deal for Recreational Waterfront Today! The campground operates from Spring to Fall and is winterized in the off season.

ADDED INFO:

You are buying a share in the ownership of the RV campground. There are 20 owners of the company. The seller is one of the owners; in fact they own 2 shares so they'll still be owners after selling this share. The sale of this share allows the use of site #7 and the improvements plus the RV; all as is. Once you are an owner, you have the ownership rights and privileges which include the assets of the company. A few years ago; each of the 20 owners put in $10,000 to pay for a $200,000 electrical upgrade. The upgrade was to remove all the overhead wires and put everything underground and updated everything too. New service and each site has a 30Amp breakers; some sites have 50Amp. The company owes that $10,000 back to the shareholder; so when you buy the share, you get that benefit too. The company also owns an entire residence which the caretaker lives in year round. There are 80 RV site in total; so the other 65 sites get rented out to campers and the revenue pays the lease, taxes, etc. The owners have no annual costs provided the rentals are good; which they have been for many years. The accountant says they have approx $150,000 in working capital too. So everything is in good standing. Upon an accepted offer, the buyer is put in touch with the accountant and lawyer to complete their due diligence of the purchase.

You will find additional documents regarding the company in our LINKS section below; Click the links for a PDF Format:>>>>>>>>>>>>>>

Price:
$39,900
Property Type:
Single Family
Home Style:
Recreation
MLS® Num:
10107023
Bedrooms:
1
Status:
Sold
Bathrooms:
1.0
Year Built:
1998
Floor Area:
Switch units of measure320 sq. ft.
Lot Size:
Switch units of measure2,280 sq. ft.
Floor
Type
Dimensions
Other
Main F.
Living Room
Switch units of measure10' x 10'
-
Main F.
Kitchen
Switch units of measure10' x 8'
-
Main F.
Master Bedroom
Switch units of measure10' x 10'
-
Main F.
Covered Deck
Switch units of measure30' x 10'
-
Floor
Ensuite
Pieces
Other
Main F.
No
-
Full Bath 4' x 4'
Equipment/Appliances: Microwave Oven; Refrigerator; Gas Stove; Window Coverings
Structures: Covered Deck; Playground; Shed
Listing information last updated on 30-May-2016 8:55 PM
ROB  MCKIBBON
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Direct:250-804-6288
Fax:250-832-7573
Toll Free:1-866-463-2791
Office:250-832-7871
SOLD@BIGRob.ca
Robert McKibbon, REALTOR®
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Shuswap Real Estate Specialist!
Direct:250-804-6288
Fax:250-832-7573
Toll Free:1-866-463-2791
Office:250-832-7871
SOLD@BIGRob.ca
Robert McKibbon, REALTOR®
Homelife Salmon Arm Realty
#404; 251 Trans Canada Hwy NW
Salmon Arm, BC
V1E 3B8 CA
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