WATERFRONT on Paul Lake (15 min. to Kamloops).

LOT
Paul Lake Waterfront leased lot for sale. Cheap alternative for waterfront living. 15 minutes west of Kamloops. About ½ acre. Comes with old mobile, shop, outbuildings. All sold in as is condition. Ideal for recreational property or permanent home. Selling for health reasons. Onus on buyers to do due diligence regarding lease and all other pertinent inquiries. Will entertain serious offers only.

LEASE
This is leased land form the Kamloops Indian Band (KIB). KIB lease $4600 per annum. 2008 taxes $1460. The annual Crown Lease fee is based on 3% of the annual assessed land value. The lease expires in 2017. There has been no problem in obtaining a new lease for a 25 year period from the date of renewal for a fee of $500. Prospective buyers should make inquiries with the KIB regarding any inquiries pertaining the lease, and renewal of the lease, and the assignment process.

LAKE/SURROUNDING AREA
The lake is very attractive and about 6 kilometres long. The ice is on the lake from late November till April 15th (the residents bet on this!). This is a recreational lake and areas (hiking trails, fishing, boating, water skiing, ice-fishing, ski-dooing etc. ). The area is quite stable and many people live at the lake and work in Kamloops. The band is a major commercial landlord and has a golf course and an upscale housing development around it.