1 Sicamous Creek Frontage Road Sicamous, British Columbia V0E 2V1

$6,250,000

Direct Waterfront Development Opportunity on Mara Lake. A rare and exceptional opportunity to acquire approximately 29 acres of prime waterfront and hillside development land on Mara Lake in beautiful Sicamous, British Columbia. This one-of-a-kind property features over 300 feet of direct lake frontage with an approx. 4-acre waterfront development site, plus additional acreage east of Highway 97A on the hillside — ideal for future residential or resort expansion. The offering includes the entire hotel site, Lot 1 Montcalm Crescent for highway interchange access, and rights to the existing marina. A registered foreshore lease is in place and attached to the upland owner, providing long-term control of the waterfront area. Municipal water and sewer services have been extended to the site, ensuring development readiness. The possibilities are endless — envision a mixed-use building with luxury residences, boutique accommodations, spa, fitness centre, restaurant, and event spaces, just steps away from the future marina, which was originally approved for up to 220 slips, subject to the number of doors built on the upland. Buyers to perform their own due diligence regarding all aspects of the property, including zoning, development potential, foreshore lease, and marina use or expansion. (id:60626)

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