New Listing: 5a-7200 Roche Lake Rd, Roche Lake Resort, Kamloops, BC $424,900

New Listing: 5a-7200 Roche Lake Rd, Roche Lake Resort, Kamloops, BC $424,900. Incredible opportunity to own a beautifully updated log cabin at Roche Lake Resort.

Situated on one of the best fishing lakes in BC, ownership provides a 1/34 ownership stake in Roche Lake Resort. Inside this professionally decorated unit is offered furnished and is one of the best units in the development. As you enter inside you are greeted by an open concept living and dining area with gas fireplace feature & vaulted ceilings. The adjacent kitchen has been fully renovated with beautiful cabinetry, lighting, and stone countertops.

Off the kitchen is a large primary bedroom and a fully renovated 3pc bathroom with an impressive corner shower. Upstairs the loft area is currently setup as a bedroom and games area but is large enough to accommodate multiple beds so there is space for the whole family. Off the living room is a new deck which is perfect for entertaining and taking in the amazing views of the lake. Below the deck is a large storage space for all your outdoor adventure gear OR finish this space for more square footage.

Other updates include stainless steel appliances, all new flooring, updated lighting, roof snow guards, mini-split A/C and heating system, and much more. Resort amenities include pool, dock, laundry facilities, chalet & multiple cabins which are rented out to the benefit of owners. Only 35mins from Kamloops and accessible year-round. Private boat slip at the owner’s dock included. $525/month shareholder assessment. Short-term rentals allowed.

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The Kamloops Real Estate Blog is updated regularly and provides a wealth of information for the real estate market in Kamloops, BC, Canada and the surrounding communities.

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Buying or selling Real Estate? Kevin Bamsey PREC* and Kirsten Mason PREC*  of the Enjoy Kamloops Real Estate Group are dedicated full time professionals.

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BCREA: Rising Mortgage Rates Continue to Slow Market Activity

Vancouver, BC – June 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 8,214 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2022, a decrease of 35.1 per cent from May 2021. The average MLS® residential price in BC was $1 million, a 9.3 per cent increase from $915,392 recorded in May 2021. Total sales dollar volume was $8.2 billion, a 29.1 per cent decline from the same time last year.

“Canadian mortgage rates continue to climb,” said BCREA Chief Economist Brendon Ogmundson. “The average 5-year fixed mortgage rate reached 4.49 per cent in June. That is the highest mortgage rates have been since 2009.”

Provincial active listings were 4.4 per cent higher than this time last year, the first year-over-year increase in active listings since 2019. However, active listings still remain below what is typical for a balanced market, though current market conditions have a high degree of variation across regions and product types.

Year-to-date, BC residential sales dollar volume was down 14.5 per cent to $46.7 billion, compared with the same period in 2021. Residential unit sales were down 26.3 per cent to 43,921 units, while the average MLS® residential price was up 16 per cent to $1.06 million.

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