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The city of Kelowna, with its International airport, is just a 90-minute drive North of Osoyoos and regional flights from Calgary and Vancouver come into Penticton, just 45 minutes away. By car, it’s a scenic 4-hour drive through the Cascade Mountains from Vancouver or a relaxed half-day trip from Seattle on the Pacific coast of the USA. Regal Ridge has received International attention due to the magnitude of the project as well as the unique layout and design of the land. In addition to our Canadian population, people from around the world are now calling Regal Ridge home. Layout
Our commercial area is 40+ acres in size and we’ll be introducing a coffee shop before the end of the summer. As the population increases in Regal Ridge we will be adding more amenities such as: a neighbourhood pub, health & wellness centre, and a convenience store / petrol station. This would provide any potential resident or investor an opportunity to start a business. We also have a proposed challenging 9-hole golf course. For a map of the development: Click here Clusters (Sub Divisions)
Acreages The acreages are between 2-3 acres in size from Only CDN $139,000 (Euros €97,000) (GBP £87,000) These properties are serviced and consist of: 1.
Paved private driveway.
The acreages cannot be sub-divided, however you can have a secondary suite included as long as it’s under the same roofline. A separate workshop or garage can have living quarters included above, but a kitchen cannot be included. They are zoned for Bed & Breakfasts, so anyone can operate the dwelling as a room for rent. Taxes – Approximately 0.5% of assessed value The taxes on an empty plot are roughly about $1200 CDN per year. Once a structure is constructed the taxes will be a percentage of the assessed value, which usually averages about $2500 CDN per year. Building
http://www.rdos.bc.ca/index.php?id=115 The minimum square footage required is 1800 sq. ft (167m2). This can be included on a two-storey dwelling with an attached garage. There is no specific architecture scale that is implemented. However, we do encourage uniqueness and the color scheme must be earth tones. For a detailed building scheme: Click here
The starting cost to build is around $120.00/sq.ft. ($1,291/m2) Average $165.00/sq.ft. ($1,775/m2). The purchasers are responsible for installing their own septic tank or field. The total cost will run around $8,000. Closing Costs & Taxes The taxes associated with the lot are: 5% GST on the lot price (Goods & Services Tax) PTT (Property Transfer Tax) 1% on the first $200,000 and 2% on the remaining balance. The province of British Columbia will be introducing an amalgamated tax with the GST called the HST (Harmonized Sales Tax), which will then increase to 12% of the plot price. We can do some negotiating with the plot price to balance out the final closing cost once this tax is implemented on July 1st, 2010.
We can provide you with the contact details of a local Lawyer who has a long experience in dealing with clients purchasing property at Regal Ridge. Download the Regal Ridge Newsletter: Click here Links: |
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Property
in Canada - Regal
Ridge, Osoyoos, Okanagan Valley, British Columbia
Perched
above Osoyoos, Regal Ridge is situated on majestic Anarchist Mountain,
overlooking the southern end of the beautiful Okanagan Valley in British
Columbia, Canada. 
Regal
Ridge encompasses 8000 acres of pristine land. The project has set aside
over 3000 acres for a conservation area. We have over 75 km’s of
trails for hiking, mountain biking, and leisurely walks. The development
has just introduced a man made lake that will be stocked with trout for
those who enjoy fishing. The arrival of our private 4000 ft. airstrip
is scheduled to be open this summer.
Each
cluster consists of between 15-25 plots. With the exception of Sasquatch
Trail which had a total of 47 plots. The entrances to each cluster has
a magnificent bronze statue welcoming you home with paved roads all the
way throughout. The Ministry of Transportation maintains the roads in
and out of the development. We have provided a green belt around each
cluster to allow for access into the conservation area without having
neighbour’s intrude on your property.
The
acreages offer a pristine view of the mountains, while many other plots
also include a view of the lake and town site.
There
is no time restriction or building commitment. Once the purchaser decides
to construct a residence a building permit must be obtained from the RDOS.
The link below provides all the detailed information:
We
do not have an exclusive builder, but we do promote within the valley.
A list of recommended builders can be provided. The purchaser can bring
in any outside builder.