Trophy properties include golf courses, oceanfront

Prime real estate – and development plays – should entice investors from Saskatchewan to Vancouver Island

By
Western Investor
August 13, 2019





Lakefront Property
Offered for the first time in 100 years, this 10-acre lakefront property with luxury house and guest cabins, in B.C.’s Lake Country, is on the market for $6.6 million. | Engel & Völkers Okanagan


Engel & Völkers Okanagan agent Richard Deacon is among western Canadian real estate agents listing some of the largest and most prestigious trophy properties in the country this summer with a $6.6 million, 10-acre waterfront offering in B.C.’s Lake Country.

“This rare Okanagan beachfront acreage is on the market for the very first time, having never been listed in over 100 years with the same family,” Deacon said. “It is perfect for those dreaming of building a lakefront winery or estate home on 400 feet of private flat beach.”

Part of the famed Rainbow Ranch, there is an original 1900s farmhouse of 2,000 square feet with six bedrooms. There are also two grandfathered beach guest cabins, Deacon added.

Western Investor has searched across the West for outstanding real estate listings for our annual trophy properties report, and discovered opportunities from Saskatchewan to Vancouver Island.

Saskatchewan
The 120-acre Hidden Meadows Golf Course in Saskatchewan includes a variety of amenities, including a year-round clubhouse and restaurant. It is listed at $699,900. | Jason Beaudry, Re/Max Saskatoon

The Hidden Meadows Golf Course, situated between Melfort and Tisdale next to Kipabiskau 7Regional Park and Kipabiskau Lake in Saskatchewan, is a 120-acre golf and recreation play.

Calling it a “once-in-a-lifetime opportunity,” Jason Beaudry of Re/Max Saskatoon said the popular nine-hole golf course includes a full-service clubhouse/restaurant open year-round, mini-golf, driving range, practice green, two paintball courses with equipment for 22 people, and a 16-site seasonal campsite.

“There are many other out-buildings, and all equipment needed to operate is negotiable,” Beaudry said. The entire package is offered at $699,900.

 

Buck Lake Ranch
Two executive homes and the 5,000-square-foot Buck Lake Lodge are included in the estate sale of the 670-acre Buck Lake Ranch in the Kootenays, priced at $5.67 million. | LandQuest Real Estate

Richard Osborne of Landquest Realty Corp. of New Westminster has listed the Buck Lake Ranch, a 670-acre working cattle ranch near Beaverdell in the Kootenays of eastern B.C. that includes the fully furnished, luxury-built, five-bedroom Buck Lake Lodge.

Listed at $5.67 million, the property “has been transformed into a gentleman’s trophy ranch by a dedicated owner who spared no expense creating his dream,” Osborne said. “The ranch is now being offered for sale by his estate at below replacement cost and appraised value.”

Improvements include a second executive home and a new 10,848-square-foot indoor riding arena and numerous outbuildings. The 670 acres is composed of three titles and surrounded by a Crown range permit that allows grazing for 280 head of cattle.

 

Campbell Lake Ranch
The 841-acre lakefront Campbell Lake Ranch near Kamloops includes ranch house, barns and outbuildings and is priced at appraised value of $3.99 million.| LandQuest Real Estate

A separate Landquest listing, the Campbell Lake Ranch, is 841 acres with four titles and 1,500-feet of lakefront near Kamloops, B.C. 

The property includes a new riding arena and shop, character ranch house, shop, barn, corrals and outbuildings. It is priced at its appraised value of $3.99 million.

“Working ranches are the new trophy recreational real estate,” Osborne added.

 

Kullagh Lake Ranch
The 320-acre Kullagh Lake Ranch in B.C.’s Upper Nicola Valley includes an executive residence and its own private lake. It is priced at $3.49 million. | Colliers International

In B.C.’s Upper Nicola Valley, Alan Johnson of Colliers International has listed the Kullagh Lake Ranch. Part of the historic Stump Lake Ranch, this 320-acre property is in the heart of B.C.’s cattle country. It includes a 3,250-square-foot executive house and a private 50-acre lake.

“Located less than four hours from Vancouver, this property is easily accessible on a year-round basis,” Johnson noted. Listing price is $3.49 million. 

 

Meridian Golf Course
The 24-acre Meridian Golf Course in South Surrey features two homes and a clubhouse in a fast-growing area of Metro Vancouver. It is listed at $8.9 million. | Colliers International

Johnson has also listed the Meridian Golf Course in Surrey. Situated in South Surrey near the White Rock border, the par-3 course covers 24 acres and includes two private houses and a clubhouse.

Located in an area with significant residential development, the golf course is priced at $8.9 million. 

 

Vancouver Island waterfront
On the southeast Vancouver Island waterfront near Ladysmith, 10-acre parcel with a lodge, private home and an orchard is listed at $3.4 million.| Scott Forbes, NAI Commercial

 


On southern Vancouver Island, NAI Commercial agents Scott Forbes and Bob Moss offer a 10-acre oceanfront package just north of Ladysmith.

The site includes a 12-unit lodge, a separate owner’s residence and a kiwi vineyard. It is priced at $3.4 million and offers “plenty of potential” for an owner-developer, Forbes said.

 

James Bay, Victoria
A landmark 12-storey, 74-unit rental apartment tower on the Dallas Road waterfront within James Bay, Victoria, is open for bids that could reach $40 million. | CBRE Victoria

 

In Victoria, Ross Marshall, senior vice-president of CBRE, recently listed a landmark 12-storey, 74-unit rental apartment tower on the Dallas Road waterfront. It is on a 0.73-acre site with a three-storey annex and development potential. Now accepting bids, Marshall said the final price for the property could reach $40 million.


Frank O'Brien is the editor of Western Canada's biggest commercial real estate newspaper, Western Investor, as well as a contributing editor at West Coast Condominium, real estate contributor to Business in Vancouver and a regular media commentator on real estate investment.
Copyright © Western Investor

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