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Shuswap Residential Real Estate Report Feb. 12 2018
Weekly Top Property - 1500 Shiell Road, Revelstoke, V0E 2S1
Comes with 4 washrooms and 6 bedrooms. The property is on a 0.24 acre lot. The house was listed on the market at $1,195,000. In 441 days, it was sold for $1,115,000. According to the history records, in 2010, it was recorded for the price of $187,000.
 Marketed as: Home Business Opportunity! 4500 sq/ft living area. 6 - 8 bedrooms with 4 bathrooms on 4 floors. The rental suite is licensed for nightly rentals with 30k+ proven annual revenue over the past 5 years. VRBO rentals throughout winter months only. 90 night average annually. 120 nights allowed. Much room for expansion of business. Suites designed to be completely separated from the upper floors. Rental revenue from the suites will easily carry a mortgage if operated properly. Completely insulated concrete construction. 10 inch concrete walls and floors. Very quiet between floors. Heated driveway, walkway and steps for snow melting. Parking for 6 cars plus a gravel area for overflow. Steel roof with snow stop. No sliding or piling snow to contend with. Straight to the mountain on powder days. Very quiet location at the end of cul-du-sac backing onto greenbelt. Minutes to RMR ski resort. Radiant floor heat on all 4 floors and garage.2 separate laundry rooms. One located in the main house and the other in the rental suite. 2 full kitchens. Deep soaker tubs in all bathrooms. Vaulted ceilings in 3rd floor bedrooms. Rosewood floors on the top three floors. Stained concrete floors on 1st floor. Custom concrete counters throughout including kitchen, laundry and bathrooms. |
. Based on 2017 taxes = $4,425
As was the case across the region, the number of sales transactions recorded in the Shuswap was down slightly over the week prior. Here is a look at the basic statistics for residential real estate sales in the Shuswap zone:
| Status: Sold (12) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $35,000 | $32,500 | -1 | 2 | 2 | ||
| Max | $1,195,000 | $1,115,000 | 614 | 6 | 4 | 4500 | |
| Avg | $458,933 | $437,500 | 181 | 4 | 3 | 1396 | |
| Sum | $5,507,200 | $5,250,000 | |||||
Criteria:
MLS is 'OMREB'
Major Area is 'Shuswap / Revelstoke'
Sold Date is 2/5/2018 to 2/11/2018
Property Type is one of 'Single Family Residential', 'Strata', 'Manufactured Home', 'Lots and Acreages', 'Recreation'
Compared to last week
| Status: Sold (17) | |||||||
| List Price | Sold Price | DOM | Beds | Total Baths | Finished Floor Area | ||
| Min | $98,000 | $90,000 | 15 | 1 | 1 | ||
| Max | $689,000 | $676,000 | 720 | 4 | 3 | 2600 | |
| Avg | $322,012 | $312,832 | 205 | 3 | 2 | 1193 | |
| Sum | $5,474,200 | $5,318,150 | |||||
| Breakdown of the Sales for the Week | |
| Lots & Acreages | 5 |
| Manufactured Homes | 0 |
| Recreational | 0 |
| Single Family Residential | 6 |
| Strata - Apartments | 1 |
| - Townhouses | 0 |
Meta Keywords: Shuswap Real Estate Report
Blog Tags: February,2018, this week in the Shuswap area