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Recreational PropertiesWaterfront vacation homes are the most sought after properties in the Vernon area. Three-bedroom, winterized properties on Kalamalka Lake and Okanagan Lake start at 1,800,000. Several new developments such as The Rise, The Outback, Adventure Bay, The Strand and Predator Ridge that offer alternative lifestyles on or overlooking the water, or near a golf course are gaining in popularity with purchasers from B.C., Alberta, the United States , England and Australia. These developments have starting prices ranging from $600,000 to 3,300,000.
 Skiers are drawn
to the neighbourhoods of Silver Star Mountain Resort, where all-season recreational amenities can be found, with condominiums
and townhouses priced from $400,000 and $600,000. More affordable alternatives at the resort include hotel room units
starting at $150,000 and two-bedroom units starting at $290,000. Some lower cost alternatives exist in adult gated
communities and government leased land developments, which are close to lakes and golf courses. These types of properties
typically start around $350,000 and have monthly strata or lease fees of $250 to $300 per month. Young families and early retirees between the ages of 30 and 50 are the most prevalent in the recreational property market. Buyers in this particular market are attracted to the North Okanagan because it has the best of all worlds. Embraced by three lakes - Okanagan, Kalamalka and Swan Lake and surrounded by forested and snow-capped mountain peaks, it has beaches, world class golf resorts, fabulous wineries and some of the best skiing and boarding in North America at Silver Star Mountain. Because there is such a variety of recreational opportunities during every season, recreational property buyers can enjoy their purchase all year round if they choose. For example, Silver Star is an active all season resort, offering mountain biking and hiking in the summer as well. All of this is just 30 minutes from an international airport. The four season climate of the Okanagan is also exceptional - warm winters and sunny summers. What more could recreational buyers want? |