If you're looking to invest in B.C. real estate on a budget, some recent listings in Northern B.C. might be up your alley. 22 lots are now up for sale in Tumbler Ridge, and they start at $19,900.
The municipality of Tumbler Ridge is within a UNESCO Global Geopark, roughly 120 kilometres south of Dawson Creek, and is a destination for people looking to enjoy the outdoors.
In a phone interview, listing agent Sam Hodson tells Vancouver Is Awesome that one person owns all of the undeveloped lots, which range in price from $19,900 to $27,900.
Roughly 6,000 square feet apiece, they're serviced with electricity, sewer, gas and water, and the annual taxes are about $300 per year.
Tumbler Ridge has seen better days - the once-bustling coal mining community has mostly fallen on hard times since one of the last mines closed in 2015, which partly explains the real estate being so inexpensive. However, if you're looking for an escape from the city in the form of cheap recreational property, or a reset on life and a move to a community with a population of less than 2,000 people, this could be a decent investment for you.
Oh, and if you're looking to pick up an entire portfolio of real estate for the price of a small Vancouver condo, you can buy all of the lots for a 25% discount. All 22 are being offered as a package for a mere $379,000.
