Tranquille (Padova) Real Estate Development, Kamloops

Tranquille, also known as Padova is located at the eastern bay of Kamloops Lake. It is a beautiful piece of real estate that has been sitting vacant and overgrown for numerous years and it’s future has often been questioned. Recently the Kamloops This Week reported that plans are in the works to develop this site. I have included the article written by Melissa Lampman below detailing those plans.

After years uninhabited, worn and dilapidated buildings and mounds of overgrown vegetation are the only things still visible on the site of the historic Tranquille Sanatarium. But looking through the eyes of the property’s owners, it’s the beginning of what will one day be an extraordinary agrarian resort town.

BC wilderness Tours, owner of the property since 2000, shared it’s vision  this week. Estimated at $1 billion by completion, Tranquille on the Lake will be built around a 300-acre farm and feature eco-friendly and sustainable lifestyles. “We want to develop it into something we have never seen in the past,” said Tim McLeod, the company’s development manager. “We think it’s world class, we think it’s unusual and it’s in Kamloops.”

After getting the nod from the City of Kamloops, the plan is to design an entire town of about 4,000 people around a state-of-the-art organic farm, including greenhouses and a vineyard. The town will include lake shore pathway systems, a public beach, a marina, a five-star hotel and a mix of single and multi-family housing that’s affordable for most people.

“It’s not going to be gated. It’s not for the rich and famous – it’s for Kamloops,” McLeod said. The plan includes construction of 1,200 to 1,800 units at an average of 1,000 square feet, each designed so that 80 per cent of the sites remain as green space. In designing the town, the developers plan to use healthy building practices, such as recycled and energy-efficient materials, as well as incorporating solar and geothermal technologies. “It will take about 15 years to build entirely,” he said. “But we’re doing it for the love of healthy and healthy living.”

However, there are many inherent challenges – and Phase I is expected to cost about $100 million. Among the priorities is building a new water-supply pipeline, getting rid of the $1.5 million worth of asbestos, eliminating all lead paint and dismantling most of the existing site.

McLeod said the developers will restore and reuse as much of the original buildings and infrastructure as possible, including the old fire house and some of the cottages as well as fully restoring the sunken gardens and cemetery. “It’s going to take $5 to $6 million to take the town apart,” he said, adding they will be working with the historic society. “We’ve got quite a complex site…but we’ll be retaining it’s history and preserving it as we move forward.”

Phase I is slated to begin in the spring with other developments getting underway in 2010.

More information can be found here: Tranquille on the lake

Open House Weekend: February 28 & March 1, Kamloops Real Estate

Open houses this weekend will be in Aberdeen, North and South Kamloops and Westsyde.

Saturday, February 28th: 1073 Selkirk Ave, North Kamloops: 11:30-1:00

1073 Selkirk Ave, North Kamloops home for sale3 bedroom rancher in North Kamloops. Large kitchen with eating nook. Numerous updates include furnace, central air, windows, siding, hot water tank, paint, newer floors and updated bathroom to name a few. Fully fenced on a corner lot. $259,900

Saturday, February 28th: 105 Chestnut Ave, North Kamloops: 1:30-2:30

103 Chestnut Ave, North Kamloops3+2 bedroom, 2 bathrooms. Lovely property adapted with innovation by DW Builders ideal for your family dream home. Bkyd is charmingly landscaped w/grape vines, gardens, fruit trees & cedar shed. Brand new furnace, C/air, 2 gas F/P’s, jacuzzi tub & newer laminate for all the comforts of easy maint living. $319,900

Saturday, February 28th: 693 St. Paul Street, South Kamloops: 3:00-4:00

693 St Paul Street, South Kamloops2+1 bedroom, 1 bathroom Bungalow. One of the cheapest single family homes in the area. Den and bedroom in the basement. Bring your updating ideas. $214,900

 

 Sunday, March 1st: 2410 Abbeyglen Way, Aberdeen: 12:00-1:30

2410 Abbeyglen Way AberdeenLarge, fully finished basement entry in Aberdeen home with 5 bedrooms, den & 3 full bathrooms. Living room, family room and formal dining room on the main floor. Fenced yard. 2 gas fireplaces, central air, central vac & underground sprinklers. $398,000

 Sunday, March 1st: 755 Garnet Road, Westsyde: 2:00-3:30

755 Garnet Road, Westsyde2+2 bedroom, 2 bathroom single family home in Westsyde. Updated throughout including new kitchen. Sits on a large lot that could be subdivided. $349,900

 

 

For up to date Kamloops and surrounding area home real estate listings click here.

Featured Property: 1969 Kechika Street, Juniper Heights, Kamloops

1969 Kechika Juniper Heights Home For Sale

Juniper Heights or Juniper Ridge is a community located 10 minutes south east of the Kamloops downtown core and sits above Valleyview. Juniper Heights is a great family community Kechika Juniper Ridge Kitchenwhere children of all ages can keep busy with outdoor activities. There are no stores in Juniper, but there are plans in the works to develop a small commercial area.Kechika Juniper Ridge Back Yard

This Juniper Heights home is located in Juniper West. 3,100 square feet in size, and is beautiful inside and out. This three bedroom bungalow has two dens and three full bathrooms. There is a fully Juniper Ridge/Heights Home For Salefinished basement with a rec room, games room, den, bedroom and utility room. This property also has a two car garage with concrete driveway, fully fenced yard with exposed aggregate patio, central air conditioning and underground sprinklers. Priced at $489,900, this property is well priced and won’t last long. Many comparable homes in this area are listed for well over $500,000. Call me anytime to view this beautiful home.

To view other Juniper Ridge listings click here.

Should You Sell Or Rent Your Kamloops Home?

Many home owners today in Kamloops are wondering whether they should sell or rent. Homes are on the market for a longer period of time. More homes listings are expiring and many homeowners are getting frustrated with the recent decline in Kamloops real estate prices. I have heard numerous times in the past few months “I am going to rent my home for a year and sell it at a later time”. This plan works in theory, but when you dig deeper the rate of return on capital makes keeping the property a poor investment depending on the numbers.

Capitalization rate is a measure of the ratio between the net operating income produced by an asset (real estate) and its capital cost (the original price paid to buy that real estate) or alternatively its current market value. I have found a capitalization rate calculator that indicates “Rent” or “Sell” once you input the numbers for your property. This calculator makes the decision very straight forward. Unless you are receiving around a 5.7% rate of return, holding on to a property and renting it is not beneficial to you according to this calculation.

Click here to try the Rent or Sell calculator.

Neighbourhood: Brocklehurst, Brock, Kamloops, B.C. Real Estate

View of Brocklehurst looking East To North Kamloops

Neighbourhood: Brocklehurst, Brock, Kamloops, B.C. Real Estate. Brocklehurst, also known as Brock, is located north west of the Kamloops city core. Brock is largely a residential area with many different neighbourhoods. Click here to view the map of the area.

Property & Real Estate

Brocklehurst Riverfront Property, Kamloops Real EstateThere are numerous types of homes to choose from in Brocklehurst. There are building lots, quite a few mobile home parks, apartment buildings, townhouse developments, half and full duplex units, bareland strata developments, single family homes, acreage and farms. Brock is known to have large, flat lots (often 1/4 acre or more in size). Formally an orchard region, Brock homeowners often have numerous fruit trees in their yards such as cherry, apple, pear and plum trees. Fruit grows very well in the Kamloops’s summer climate.

Brocklehurst Yard With Pool

Brocklehurst has numerous waterfront homes that are typically located on a 1/3 acre lot or larger. Brock is located in the valley bottom of the Thompson Valley and tends to get less snow in the winter months.

A few popular mobile home parks in the Kamloops area are on Ord Road. Orchard Mobile Home Park, L & E Mobile Home Park and Brock Estates Mobile Home Park. These parks will sign a site lease for buyers looking to arrange financing on a home. For more information on listings in these parks click here.

For the latest Brocklehust real estate listings click here.

Shopping & Services

View of Brocklehurst, North Kamloops, Airport, Thompson River & Kamloops LakeBrock has numerous grocery stores, retailers, professional offices and amenities close by. The Brock shopping centre, a mall located on Tranquille Road and Desmond Street has a Coopers grocery store, Shoppers Drug Mart, Tim Hortons, Kamloops Hot Yoga, a couple restaurants and numerous other small retailers. Brock is also close to Northills mall which houses Extra Foods, Shoppers Drug Mart, BC Liquor Store, CIBC, TD and other smaller retailers. Safeway, Canadian Tire and other commercial retailers are located along 8th and Tranquille corridore which are a short drive from Brock. All of North Kamloops shopping is all within five to ten minutes of most Brocklehurst homes.

 Schools

Students living in Brock attend Kay Bingham Elementary (950 Southill Street), Parkcrest Elementary (2170 Parkcrest Avenue), Brocklehurst Middle school (985 Windbreak Avenue) and NorKam Senior Secondary School (730 12th Street).

Recreation

Hiking in the Hoodoos of Brocklehurst, Kamloops

Brock has many activities for outdoors enthusiasts. There are a lot of hiking trails, a river’s trail and beach walks. A popular place for many dog owners is the long stretch on the beach of the Thompson River beside the airport. Often bald eagles and other wildlife can be spotted in this area.

The Kamloops Golf and Country Club is located on Tranquille road near the airport and approximately 10 kilometers from the downtown core. This 18 hole golf course is a traditional style golf course with generous tree-lined well-conditioned fairways.

There is a large dog park that many pet owners enjoy on Ord road were it intersects Tranquille Road.

McArthur Island Park is on the border of North Kamloops and Brocklehurst. Many Brock neighbourhoods have direct access to the park by way of the walking and biking paths. Many sports are enjoyed at this park, golf, soccer, football, baseball, and mountain biking can be viewed as you stroll around the perimeter of the park on the paved trail. There are 3.1 kilometers of paved walking trails in the park. There also is a skate park, mini golf, lawn bowling, youth centre and events centre on site.

For the explorer in you, Padova, formally a sanatorium and mental institution is a 181 acre parcel of land with old buildings standing from it’s days of operation. Currently this property is the home to Tranquille Fresh Farms, a corn maze, tunnel tours and many other community events. There is very little usable land around Kamloops Lake because of the steep cliffs that surround the shore line of the lake. Click here to view information about Tranquille on the Lake.

Transportation

BKamloops Airport, B.C.rocklehurst is home to the Kamloops Airport. The airport is located at the intersection of Tranquille Road and Airport Road near the Thompson River. Numerous flights from Vancouver, Calgary and other popular destinations arrive and depart daily. The two main carriers are Air Canada and Westjet.

The airport is a low volume airport. Often new home buyers ask about the noise levels due to the airport, it is pretty unnoticeable and nothing like larger airports in the province.

Brock is serviced by regular and frequent bus service. Click here to view the BC Transit website.

For Brocklehurst and Kamloops real estate home listings click here.

Neighbourhood: Rayleigh, Kamloops, B.C. Real Estate

Community of Rayleigh, Kamloops, BCNeighbourhood: Rayleigh, Kamloops, B.C. Real Estate. Rayleigh is a small community situated off of the Yellowhead Highway, 15 minutes north of the Kamloops city centre. Located between the CN Railway and the east bank of the Thompson River. Rayleigh is located directly across the river from Westsyde.

Properties & Real Estate

This area is mainly comprised of single family residential homes, acreage and small farms.

Rayleigh is a very private, quiet, family oriented neighbourhood. There are beautiful riverfront properties with access to the beach of the Thompson river. Many of the lot sizes in Rayleigh are quite spacious often over 1/3 of an acre. Most are flat, usable and have numerous fruit trees. Since there are large Rayleigh, Kamloops, Large Back Yardlots in Rayleigh, it is common to find properties that have pools, large workshops and garages. Homes in Rayleigh are a mix of new and old. Rayleigh is on a private water system and all homes have septic systems as well (community or private).

To view homes for sale click here.

Shopping & Services

Rayleigh has a gas station, a convenience store and pub/restaurant all other shopping and services are located within a 10 to 15 minute drive of this neighbourhood.

Schools

Rayleigh Elementary (306 Puett Ranch Road) is the only school in this area. Secondary students take the school bus to school after grade 7. Click here to view the School District’s website for further school information.

Recreation

Dirt biking, hiking, biking, ATV riding, snowmobiling and fishing are all a short drive away. Rayleigh is rural living but close to the city. This safe peaceful neighbourhood is very appealing to many families and retirees.

Transportation

Bus service does go out to this area. Click here to view the BC Transit website.

For the latest Rayleigh listings click here.

Sun Peaks, Whitecroft, Kamloops, B.C. Real Estate

For up to date Kamloops real estate information and listings click here.
Sun Peaks Village, Kamloops, BC

Sun Peaks Village, Kamloops, B.C.

Sun Peaks Village, Kamloops, BCSun Peaks is Canada’s second largest four season resort. Located 4.5 hours from Vancouver and 45 minutes north east of Kamloops. Sun Peaks is perfect for the whole family. There are a number of flights to Kamloops airport in the winter Sun Peaks Golf Course Kamloopsfrom Vancouver, Seattle and Calgary with shuttles from the airport to the mountain. There is 3,678 acres of diverse terrain, with 122 runs on three mountains. Sun Peaks has a small ski through village with numerous retailers, hotels and restaurants. Sun Peaks is known for it’s dry powder snow that is easy to ski. For people who don’t ski or snowboard, there are other activities to enjoy such as snowshoeing, dog sled rides, ice skating, snowmobile rides and snow tubing.

During the summer months there are many events and activities for the whole family. Mountain biking is very popular at Sun Peaks during the summer. Other summer activities include hiking, golfing, horseback riding, bungee trampoline, canoeing and kayaking, trail rides, tennis and swimming.

Sun Peaks visitors have a lot of choices when it comes to accommodations. From rental chalets and homes to hotel rooms, there is something for everyone. Real estate in Sun Peaks is very affordable Sun Peaks View From Slope, Kamloops Sun Peaks Chalet, Kamloops Real Estatein comparison to other ski resorts in British Columbia. Lots, apartments, townhouses and chalets are all available for every buyer on any budget. Many homes have  ski-in, ski-out convenience. Large exclusive homes are located just outside the village with varying lot sizes.

Whitecroft is a small neighbourhood that sits at the foot of the mountain. Upper Louis Creek Road, Cahilty Crescent, Cahilty Place and McGillivaray Creek Road make up the small community of Whitecroft. Whitecroft Home for SaleWhitecroft is part of the area known as Heffley. Many people that are interested in Sun Peaks real estate, but choose to be out of the village area choose to look at real estate options in Whitecroft. The homes in this area are more affordable with more square footage in comparison to the homes in Sun Peaks. It is a five to ten minute drive from Whitecroft to the hills of Sun Peaks.

Sun Peaks is still a relatively small development in comparison to other resorts. This is why it is very popular with families. A lot of people are staying away from larger resort towns because of the large crowds and long waits for ski lifts, restaurants and other amenities.
Click here to view Sun Peaks MLS listings.

Neighbourhood: Westsyde, Kamloops, B.C. Real Estate

Dunes Golf Course Kamloops BC Real Estate MLS Listing

Neighbourhood: Westsyde, Kamloops, B.C. Real Estate. Westsyde is a community located15 minutes north of the Kamloops city core. Westsyde sits along the north arm of the west bank of the Thompson river and below the Lac Du Bois Grasslands Park and surrounding hills. The area of Westsyde is fairly large and stretches far past the Dunes Golf Course. Westsyde is a great communty for families. Click here to view the map.

Properties & Real Estate

Westsyde Farm Kamloops Real EstateThere are many different types of housing choices in Westsyde. The housing choices are mobile homes, apartments, townhouses, half and full duplexes, bareland strata developments, single family homes, acreage and farms. There is a mix of new developments and older more mature neighbourhoods. There are many great areas in Westsyde to live. From river front homes to private neighbourhoods and homes set against the hills. The community of Westsyde is so popular with it’s residents that they don’t often leave the area, they just up size or down size within it.

Westlinks at the Dunes Sample Home Plan

Northview at the Dunes is a real estate development surrounding the course. These beautiful homes back on to the course. Westlinks at the Dunes is a 44 home development with nine different plans and all on golf course frontage. These homes are all freehold properties on a private internal street. The development in the Dunes Golf Course area is a great place for families and retirees. This calm and quiet area suits many buyer’s needs.

To view current listings in Westsyde click here.

Shopping & Services

Westsyde has a number of local restaurants,  a Coopers Grocery Store, Home Hardware and professional offices.

Schools

Elementary and secondary students attend Arthur Stevenson Elementary (2890 Bank Road) and Westsyde Secondary (855 Bebek Road). There is also a private Francophone French Immersion school in the Oak Hills area of Westsyde.

Recreation

The Westsyde Recreation Centre and community pool is located off of Bebek Road in Westsyde. The pool is a 25 meter pool with 6 lanes, diving board, hot tub, tarzan rope, and a water slide. This facility also includes a weight room and climbing wall.

The Dunes Golf course is located on 652 Dunes Drive. It is a beautiful golf course set on the river’s edge carved out of the sands of the Thompson river riverbed. The course is 18 holes and 7131 yards of challenging golf.

Westsyde Acreage Kamloops Real EstateRecreational areas surround Westsyde. Areas for hiking, dirt biking, 4 wheeling and other outdoor activities are close by. Anyone that loves the outdoors will love Westsyde!

Transportation

Westsyde is serviced by regular bus service. Click here to review the BC Transit information. Westsyde is also 10 to 15 minutes from the Kamloops airport.

To view current listings in Westsyde click here.

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