1387 Little Shuswap Lake Road
Chase, BC V0E1M2
$99,500
Property Details
Property & Lot
- Sub-type
- Other
- Lot size
- 0.54 acres
Ownership & Fees
- Property type
- Land / Lot
- Ownership
- Leasehold
- Annual property tax
- $1,635.58
Interior
- Fireplace
- None
Exterior & Lot
- View
- Lake view, Mountain view, Valley view, View of water, View (panoramic)
- Waterfront
- Waterfront on lake
Listing Information
- MLS®
- 10377940
- Listed
- March 4, 2026
- Time on market
- On the market for 180 days
- Data last synced
- August 28, 2026
Listing provided by: Riley & Associates Realty Ltd. · Data source: CREA DDF.
Description
Rare Opportunity! 49-year periodic Crown lease lot for sale on Little Shuswap Lake reserve land. The pre-existing cottage was lost in the Bush Creek fire and the owners have decided to let it go. 29 years remain of a 49-year periodic lease. The lot has been approved so that a building permit can be submitted; environmental done, required Archaeological Impact Assessment preparation has been complete. There may be a cost associated with attaining the AIA report from the band when the building has been finalized on the lot. Annual lease fee is $15,052. The next rent review will be in 2029 for a 2030 start. This parcel is one of the nicest lots on Little Shuswap lake, wow! Almost a football field in size, this gem has all the room you are ever going to need. With Southern exposure for maximum sun plus a small pebble beach with medium deep water, this baby meets all the important requirements when considering your parcel of land on the Shuswap. From here you'll have direct access to all that the Shuswap has to offer including world class boating, hiking, biking, wining & dining at Jack Sam's Restaurant and golfing at Talking Rock golf course. Please note that this must be an all-cash purchase seeing as periodic lease properties are not CMHC approved. Any potential buyer must know that they must build on this lot within an acceptable amount of time, 2 years maybe, and the buyer will be responsible for paying the costs associated with rebuilding. Come and see this baby today! (id:63159)
Location Insights
Weather
Nearest station: Salmon Arm
13°C
—
Humidity 91%
Wind S 2 km/h
Tonight
10°
Tuesday
25°
Tuesday night
14°
Wednesday
23°
Wednesday night
12°
Thursday
20°
Source: Environment and Climate Change Canada.
Population
2,399
(2021 Census)
+4.9% since 2016
Density: 639.7/km²
Dwellings: 1,249
Median household income: $60,400
After-tax: $56,400
Immigrant population: 10.9%
Top countries of origin (% of total population)
- United Kingdom3.5% · 85
- Germany2.5% · 60
- United States of America1.7% · 40
- Hong Kong0.8% · 20
- Korea, South0.6% · 15
- China0.4% · 10
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
4
1/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Haldane Elementary | Elementary | 7.7 km |
| Chase Elementary-Secondary | Elementary | 7.7 km |
| Sorrento Elementary | Elementary | 11.0 km |
| Sun Peaks School | Elementary/Middle | 17.6 km |
| North Shuswap Elementary | Elementary/Middle | 21.2 km |
| Carlin Elementary Middle | Elementary/Middle | 22.8 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Parks (1)
- green area698 m
Nearby places data: © OpenStreetMap contributors.
School district: Okanagan-Shuswap (SD83)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($4,975) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.