We’re thrilled to offer an incredible investment opportunity in the charming town of Savona, just 30 minutes from Kamloops. This 4-bed, 3-bath, 1,960 sq ft detached home with a garage sits on a generous 0.29-acre lot and boasts stunning lake and mountain views from the front door. Located on the main road through town, near Steelhead Provincial Park, this property is well-positioned for growth and profit. With a purchase price under $400,000, we see 3 lucrative paths to consider:

1. Hold as a Rental: Perform minor cosmetic upgrades and hold the property as a rental. The low purchase price offers the potential for immediate cash flow, making this an attractive option for rental income.
2. Renovate and Sell: Undertake minor or major cosmetic upgrades and list the property on the market. The improvements can significantly increase the property’s value, providing an opportunity for substantial profit.
3. Redevelop the Lot: Demolish the existing structure and build a new duplex. This strategy maximizes the use of the lot, allowing you to sell two new homes for maximum profits.

 Don’t miss out on this versatile and profitable opportunity in Savona!

We are selling our assignable purchase contract.

Closing is Sept 3, 2024
*No special conditions on the CPS*

• 1-storey with basement
• Owner occupied, vacant possession
• 4 bedrooms
  • 2 bedrooms located on the main floor
    • Primary bedroom features a 5-piece ensuite and access to a deck
  • 2 bedrooms in the basement
• 3 bathrooms
  • 2-piece located on the main floor
  • 5-piece ensuite located on the main floor
  • 3-piece located in the basement
• Built in 1963
• Interior square footage: 1960 sq ft (as per BC Assessment) 
• Main floor: 1090 sq ft (as per BC Assessment)
  • Features 2 bedrooms, 2 bathrooms, kitchen, dining room, living room and landing
• Basement: 870 sq ft (as per BC Assessment)
  • Features 2 bedrooms, 1 bathroom, laundry room, utility room and family room
• All appliances will be included
• The kitchen has white cabinets, stainless steel appliances, a tile countertop and a tin backsplash
• Flooring: carpet, tile, laminate and bare concrete
• Breaker panel in an unknown amperage
  • Electrical sub panel located on the main floor
• HWT was installed in 2021 (as per Seller)
• Furnace and heat pump were installed in 2007 (as per Seller)
• Windows are double pane vinyl and were replaced in 2016 (as per Seller)
• Roof shingles were replaced in 2023 (as per Seller)
• Wood fence located on 1 side of the property
• Front and backyards are a mixture of rock, gravel, grass and plants
• Gravel driveway can fit 6 cars
• Attached 2-car garage
• Vinyl siding
• On municipal water and septic
• Lot size: 0.29 acre/12632 sq ft (as per BC Assessment)
  • Lot is not flat. Back of lot is a ridge, then level area for house, and driveway slopes down to the main road
• Zoning: R-1 Residential Single And Duplex Zone (as per THIS zoning map)
  • Principal Uses: 1 single family dwelling with or without a secondary suite, or 1 duplex, or 1 manufactured home. Accessory Uses: home based business; accessory building; and bed and breakfast. – HERE (page 64)