Rare opportunity 90 minutes from Vancouver as last piece of waterfront now available
VANCOUVER and CHILLIWACK, BC – Baby boomers reaching retirement are fueling a surge in recreational property and nothing meets their needs more then waterfront. One developer is responding to this trend with an extraordinary rare waterfront property opportunity 90 minutes from Vancouver at Lakeside Cultus Lake.
Alture Properties has just released BC’s most luxury waterfront penthouse that redefines value at a cost of $3 million. The penthouse boasts 3,300 square feet of living space, with ample outdoor entertainment deck space, six bedrooms (two master suites and four guest suite) and six bathrooms (two en-suites and four guest bathrooms), as well as two boat slips in a private marina with a floating lounge amenity complete with dining table and outdoor kitchen.
Demand for recreational property in British Columbia continues to skyrocket as young families and retirees alike look for respite from the extraordinary home prices of expensive urban areas.
A 2017 Royal Lepage Canada survey of recreational real estate advisers found that 65% said potential purchasers were considering recreational property when contemplating their retirement needs when deciding to buy recreational property.
Besides the finest location on Cultus Lake, this penthouse also includes consulting time with an interior designer to customize the interior to owners’ specifications. And no need to shop for recreational watercraft – a wake/ski boat and two wave runners are also included.
“It’s an opportunity you won’t find anywhere else,” says Stephen Duke, vice-president of Alture Properties, the project developer. “Lakeside property is selling out. And the few opportunities left are either exhorbitant or very small. This is the chance of a lifetime to get lakeside property only 90 minutes minutes from Vancouver.”
The Royal LePage Canada survey also revealed the most sought-after properties are waterfront homes. But, if buyers are looking at recreational property anywhere in British Columbia, they’ll find the average price for a modest home will be around $600,000. And if purchasing property within half a day’s drive of Vancouver, or in popular areas like Okanagan Lake or the Gulf Islands, it could be up to four times that amount. And they require a commute of at least five hours – or a plane ride – if trying to access an urban centre like Vancouver.
Photo caption: Each residence is designed with unobstructed views of the pristine Cultus Lake and mountains.
Photo credit: Lakeside Cultus Lake
Lakeside Cultus Lake has created a solution to the recreational property dilemna with a new development that’s offering a sumptuous lifestyle in recreational propery just 90 minutes from Vancouver. Travel to and from Vancouver is straight through Highway 1, so there are no border lineups or ferry crossings to deal with.
The last piece of waterfront land available for development on the lake is now home to a $23 million, high-end, resort-style 21-unit residence offering luxurious waterfront accommodation. Each residence is designed with unobstructed views of the pristine Cultus Lake and mountains. Surrounded by one of the most popular provincial parks in British Columbia, this development is the last waterfront location on the lake that has freehold ownership opportunity.
For nature lovers, just steps away from the development is the Lakeside Trail, a man-made walk that follows the lake on its eastern side. The 10k path will be designed for all ages and abilities, allowing nature-lovers to walk, run or cycle, and will eventually be extended to a 25k route around the entire lake. The trail will be informative and educational, as well as beautiful, featuring interpretive First Nations signage celebrating the history and ecology of the lake and its region.
For those wanting the ultimate in recreational property living, while being less than two hours from a major urban centre, the penthouses at Lakeside Cultus Lake are the ideal solution.
For Lakeside Cultus Lake’s Media Kit (backgrounders, fact sheet, and photos) click –here–
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About Lakeside Cultus Lake www.lakesidecultuslake.com
Lakeside Cultus Lake is a luxurious resort-style condominium and marina located on Cultus Lake only 90 minutes from downtown Vancouver. Designed for nature enthusiasts settling into a beautiful retreat and busy urbanites seeking a weekend respite from a hectic city life, Lakeside offers amenities for everyone. However, with only 21 homes available, this private oasis will be home to only a fortunate few. Lakeside is a collaboration between Jim Young, who is from a four-generation family at the lake, and Alture Properties. Together, they have envisioned the residences at Lakeside to be a landmark and legacy for future generations.
Kerkhoff Construction Ltd. is a trusted builder leading Lakeside’s construction management. Kerkhoff has built a local and international reputation for reliability, cost efficiency and quality.