Unit 2315 - Lake Windermere Pointe Condos for Sale
2315 – 205 THIRD AVENUE is one of the Lake Windermere Pointe Condos for Sale. Listed for $419,900.
This top-floor condo has the best view of the whole Lake Windermere Pointe development. You get two balconies facing south with a perfect view of Lake Windermere and both mountain ranges. You can use one deck all year round as the deck is covered. Furthermore, you even have a front-row view of the pool.
Three-bedroom Lake Windermere Pointe Condos for Sale
The three-bedroom and two-bathrooms are very spacious and give you plenty of open concept living space for your family and guests. The lake Windermere Pointe condo unit has granite countertops and an extended breakfast nook that is ideal for a family or socializing with the cook. There is a propane hook-up for convenience.
Ready move in
The whole condo has high-end furnishing ready for you to relax and enjoy yourself. Just bring your personals and move right in. It currently has a great rental revenue stream. Therefore, if you want investment property in Invermere, this fits the bill.
Conveniently located as you enter the Invermere town, these two and three-bedroom modernly styled condo suites offer the ultimate in modern-day living. Guests enjoy the outdoor pool and sun deck in the summer and the hot tub and fitness room in the winter. Only steps from James Chabot beach and park, the location makes these condos a popular choice.
Lakeview Windermere Pointe Condo Amenities
There are elevators in each building—Seasonal Pool. Also, a centrally located pool house with a lounge. There is an exercise facility and a change room open from 8 am to 11 pm. Additional 2 Hot tubs (Open year-round)
Wondering what Lakefront property Windermere BC looks like on the water, then watch the video. There is lakefront property in Invermere, BC, and also on the Windermere side.
On the 16th of August 2018, the city council held a meeting to discuss purchasing a section of the Invermere Lakefront. This portion has critical access to all the recreational opportunities in this locality.
James Chabot beach
The area under consideration spans 14 acres, including garage lands, resort area, boating storage region, and marine lease. Also, the lands of Lake Windermere Resort and Athalmer are the real gateways to this community.
These Invermere lakefront properties provide public access to places like Columbia River Wetlands and Lake Windermere. In the year 2019, the District of Invermere purchased the lands for Lake Windermere Resort. As a result, the intention was to provide the public with better access to the lake and its vicinity. The District decided to purchase the land-based on 66% of the voters in the municipal elections in 2018. These voters suggested investing in this area. As a result, the District is planning to move ahead with Athalmer and its neighborhood plan.
The District of Invermere has awarded the B&A Planning Group contract with support from McElhanney Consulting Services in this area’s development process. Also, it includes the lands of Lake Windermere Resort. This project includes land usage, planning for infrastructure, resort and land design concepts, residential areas, and a commercial corridor. In this regard, a public consultation will begin soon.
Invermere’s council members got a project update by the committee of the June 9th committee of the whole meeting. Conclusion B&A provided the committee with a list of three options based on impact levels with a wide spectrum of choices.
Interested in Invermere Lakefront or other real estates
This briefing’s entire purpose was to ask for feedback from the council before the public is involved. In conclusion, B&A added that these options’ primary considerations were Pete’s Marina, recreational opportunities, pedestrian corridors, and wetlands protection.
Option #1
The options with the lowest impact called the Marina Outpost included-
1.Columbia Wetlands Interpretation Platform and boardwalk. 2.Marina Enhancement – parking, boat launch, potential small commercial kiosk. 3.Public Event Space (Amphitheatre). 4.RV/Boat Storage. 5.Public Parking. 6.Motel /Commercial Opportunity. 7.Waterfront Trail/Pathway to Downtown and Public Water Access.
Option #2
The middle option called the Lakeside Village has the following-
1.Columbia Wetlands Interpretation Platform and boardwalk. 2.Marina Expansion – formal boat launch area, commercial /retail opportunity, public parking. 3.Public Event Space (Amphitheatre). 4.Mixed-Use – Residential/Commercial. 5.Residential /Neighborhood Opportunity. 6.Commercial Kiosks related to public waterfront access. 7.Waterfront Trail/Pathway to Downtown and Public Water Access.
Option #3
The highest impact options were called Bustling Resort and included-
1.Columbia Wetlands Interpretation Platform and boardwalk. 2.Marina Expansion – formal boat launch area, commercial /retail opportunity. 3.Public Event Space (Amphitheatre). 4.Public Parking. 5.Intensive tourism development, possibly in the form of hotel-commercial blocks up to 12 stories high. 6.RV/Boat Storage. 7.Waterfront Trail/Pathway to Downtown and Public Water Access.
B&A highlighted that there is a tradeoff as well. By selling pockets of public lands to the private sector, it is necessary to develop the amenities listed above. Above all, it is public land; a significant amount of ROI is expected. Therefore, more development essentially means that more money is needed for amenities and parklands. But the additional development also comes at a cost.
What option will have the biggest impact on Invermere?
The newly developed home exemption by the BC government is geared towards eliminating/reducing the property transfer tax amount that you pay during the purchase of a New Invermere home for sale.
According to the details of this exemption, a new Invermere home for sale is,
Any Invermere home developed as well as affixed vacant land.
Any new apartment within a newly developed condo building.
A manufactured Invermere home situated on vacant land.
Any Invermere house that has been already constructed but removed from vacant land. It hasn’t been occupied since it was constructed on the new fragment of vacant land.
Any Invermere house that results from a division of a current improvement to a fragment of land that was subdivided. But the house has not been occupied since the subdivision of the fragment of the land.
An Invermere house converted from a current improvement on a fragment of land while the previous improvement couldn’t be used for residential purposes. Also was used for commercial purposes.
If you qualify for an exemption, you will be eligible for full or partial tax exemption if you have already paid the property transfer tax when purchasing the vacant land. Therefore you have a new home on that fragment of land. Then you are eligible for a refund of the tax that you paid.
Do New Invermere homes for sale qualify for an exemption?
For the tax exemption qualification, the property transfer (either involving land or improvement) must be registered after Feb 16, 2016, at the LTO (Land Title Office). And for this,
It would be best if you were an individual.
You must be the holder of Canadian citizenship or permanent residency.
Your Social Insurance Number will be required along with your date of birth for confirmation purposes. While
The property must be located in British Columbia.
It should be only for your principal residence.
The property needs to have an FMV of $750000 or less.
It needs to be 1.24 acres in size or smaller.
You will qualify for a partial exemption if,
The property has an FMV greater than $750000 and less than $800000.
It is larger than 1.24 acres.
It has another building separate from the principal residence.
How to apply?
You need to select/enter the exemption code 49 while filing the Return for the Property Transfer Tax for the newly developed home exemptions in Invermere, BC.
Requirements of Occupancy for New Invermere homes for sale.
Once you’ve registered your property, you have to meet all the occupancy requirements within your ownership 1st year. To keep the tax exemption,
You must move in within 92 days from the date when the property was registered at the LTO.
Also, you must continue to occupy this property as a principal residence for the remaining part of that 1st
You will receive a letter from the LTO to confirm that you meet these requirements. You might keep a portion of the exemption if you moved out before the end of the 1st year, but you will have to repay this amount before the 1st year.
Refund
Suppose you’d qualified for the tax exemption. But it didn’t apply when you registered the property at the LTO. Then you can apply for a refund as well.
Please contact DK Rice for all your Invermere real estate questions.
Contact DK if you are interested in Real Estate in the Invermere Area
The BC Goods and Services Tax (GST) for real estate in Invermere is 5 percent Federal Tax. This is payable upon successful sale completion of all brand new real estate properties in Invermere, BC. Therefore, GST is only payable on the newly developed Invermere real estate properties.
These include an Invermere condominium development on pre-sale sold by any developer or the builder and owner of that condominium development. The property needs to be detached concerning who is going to be the payer of GST. It also implies that the purchased contract assignment from another entity is also subject to Invermere real estate BC GST.
When is the GST due on a property?
The Goods and Services Tax is due right at the completion time according to the sale/purchase contract. Your lawyer or notary will calculate it when the statement of adjustments is being prepared for completion.
General GST rebate for real estate in Invermere
There is a general rebate available for those properties that are less than $350,000 in price and if the buyer is looking to live permanently. The general rebate here is 36% of the 5% GST value. This is the highest amount of rebate that can be issued for any new property.
The purchases that fall between $350,000 and $450,000 also have a partial rebate, but that is significantly low. However, the properties over $450,000 do not receive any rebates, even for new homes.
Do I need to pay GST on my real estate in Invermere?
This is a dubious question because it solely depends upon your current purchasing status and, of course, the type of property you are buying.
If you are looking to purchase a used residential property in Invermere, GST will not apply here.
Suppose the price of a new home is under $350,000. Then you will only have to pay 36% of the 5% GST. This scenario is also applicable if you are looking to buy a pre-sale property.
In the case of a contract assignment, the property is considered a new home, and 36% of 5% GST will be applicable if its value is under $350,000 unless agreed otherwise.
In the case of rentals, the GST rental rebates are also available, but the purchaser will have to pay a full 5% of GST.
As a buyer in Invermere, you will have to pay GST for your transaction services. As a seller, you will pay GST on the commissions of your listing agent.
If the purchase price already includes the GST. As a result, you won’t have to pay for it again.
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Is the assignment of contracts subject to paying GST?
Yes. Assignment of contracts is still considered a new home, so you will be paying the GST upon completion unless otherwise agreed to between the assignee and the assignor.
Are there any rental rebates?
If a Purchaser is planning to rent out the new home, they may be eligible for a GST New Residential Rental Rebate. Like the GST New Housing Rebate, the full GST NRR Rebate is only available on new homes
priced up to $350,000. A partial GST NRR Rebate is available for homes priced between $350,000 and $450,000. More information on the GST New Housing rebate can be found at this link.
To be eligible for the G.S.T. NRR Rebate, the Purchaser must meet certain conditions, which include:
1. The Purchaser must not be entitled to claim input tax credits in respect of any part of the tax payable on the rental unit’s acquisition.
2. The rental unit must be a “qualifying residential unit,” Which means the person applying for the rebate must be the owner of the unit, and the unit must be a self-contained residence as defined in the Excise Tax Act;
3. The unit must be held by the owner to make exempt supplies (for example, a residential tenancy);
4. The unit must be used as a primary place of residence by the tenants and must be so used for at least one year, and the Purchaser will have to provide a copy of the tenancy agreement showing a term of at least one year.
Please note that the Developer cannot credit the Purchaser on completion with the GST NRR Rebate. This means the Purchaser will have to pay the full 5% G.S.T. on completion. Then claim the G.S.T. NRR Rebate afterward directly from Canada Revenue Agency.
Are you a buyer or a seller of Invermere real estate?
So far, we’ve discussed when buyers have to pay GST regarding the home’s purchase price. GST will charge on other services throughout the transaction, like your lawyer or notary. As a seller, you are responsible for paying the GST on commission for your listing real estate agent as well as the buyer’s agent, unless otherwise agreed to in your listing contract.
Buyers typically do not pay real estate commissions. However, if you are a buyer and agree to pay your agent a commission, please keep in mind you will also have to pay GST on that service.
Looking for a Tax Calculator?
For an easy calculator of the property transfer taxes, GST, and foreign buyer taxes, you can also use the following tax app. It’ll do all the calculations for you: BCREA – Tax Calculator.
When there was some Lakefront property in Invermere for sale, the Invermere District looked forward to buying it. The Mayor of Invermere, Al Miller, referred to it in the East Kootenay Regional District meeting in January.
It is one of the major items from Invermere’s financial plan for 2019 to 2023. This area is about 14 acres in size, and it includes the resort area, garage lands, marine lease, and the region where the boat storage is present.
The discussion on this topic began regarding a boat launch in this location. The CAO of Invermere District, Chris Prosser, conducted a land survey and found that most of the land was private. For the boat launch, it needed to be bought.
When Invermere District approached the owners, they refused. They were not interested in selling the land in small parcels but would like to sell it as a whole. The area went back and forth with plenty of offers rejected. At first, the owner wanted $10 million for this piece. But later on, it went for around $5 million Lake Windemere lakefront.
Why did the District buy Invermere Lakefront Real Estate?
Now, Invermere District owns the Invermere Real Estate Lakefront at the beach of James Chabot. In one of the polls in the municipal election last year, more than 65% of voters favored spending $5 million for the purchase. This was what the final bill also had in September.
The Mayor said that this was the least that we could go. It has turned out to be a pretty good deal. He also added a short-term $5 billion loan for the next 5 years with the Municipal Finance Authority. Now the authorities are in the planning stage where the District can sort out the funding streams and began the procedure. The mayor is looking for any partnership donations, funding streams for this sum. For setting out the loan in a longer time period, the District can reduce any amount they get in.
He also mentioned that this is not a risky strategy for buying land before any funding resources. He says that different funding sources or grant opportunities will help pay the debt. Later on, it would be feasible to go for a lesser amount of long-borrow.
What the future may look like Lakefront Property Windermere BC
The mayor also mentioned that Invermere would look for new opportunities for undoing some costs to taxpayers. He also added other opportunities available for funding CBT (Columbia Basin Trust), the provincial and federal government, and some very generous philanthropists.
It depends on what the people of the area want to see, and the Invermere District can go for some assistance from the hotel and condo developers. The Mayor also mentioned that the District also needs to reach a consensus to be sure what needs to be on Invermere’s resort lands.
Invermere is one of the fastest-growing resort and recreational areas of British Columbia due to its hospitable climate, natural beauty, high quality of life and recreational opportunities, and proximity to a large significant Alberta marketplace. Click to view some other reasons to live in Invermere.
Are you looking for land for sale in Invermere? Check no further than this LOT 37 in Pineridge Mountain & Lakeview Community Development.
Lot 39 is in Phase 1 at Pineridge Mountain Resort. In Invermere, BC, this property for sale backs onto green space and an open south view of the valley. It has potential views of Lake Windermere. The lot is an excellent size pie shape and at the end of the cul-de-sac. It is a flat lot with a slight slope at the back of the lot, easy to build on. Services are in, and geothermal is the heat source for this community. This land for sale in Invermere is surrounded by forest, and trails lend way to its rustic outdoor charm.
The Pineridge Mountain & Lakeview Community Development
The Statesman Group of Companies is the developer. The development is behind the local high school, which is at the west end of Invermere. Many views of Lake Windermere, Purcell, and Rocky Mountain Ranges. Only a 5-minute drive to downtown Invermere makes an excellent location for shops, restaurants, Kinsmen beach, and all activities downtown.
A home that sold in Pineridge Mountain Development.
The 1834 Pineridge Mountain Trail in Invermere BC
This is a recently sold 2-story property Team Rice listing for $639,000. It SOLD for $624,000 on Invermere MLS. It stayed on the market for about 45 days only. This home has an exceptional floor plan for retirement or large families. It has five bedrooms, three and a half bathrooms, and a den. There are an exquisite master bedroom and a fine living space right on the house’s main floor.
Right on the entrance, there is a large space with the den and a half bathroom. You can use it as your home office. The living room features bamboo flooring, vaulted ceilings, and a fireplace with rundle stone wood inserts. The kitchen has cherry cabinet countertops with granite and a beautiful multipurpose island.
The dining room has a large table and provides you with views of the south. The upper floor has lots of bedrooms and game rooms for entertainment. You can hear the waterfall in the eco-friendly yard with views of the Rockies and Lake Windermere. It doesn’t get better than this!
For the people who have always craved for owning an Invermere Real Estate Lakefront.
Invermere lakefront real estate has several good options that you can consider. Owning such prestigious property has always been in high demand, and it has initiated the rise of the development communities.
In such neighborhoods (Fort Point, Timber Ridge, Indian Beach Estates, Akiskinook Resort, Terra Vista, Calberly Beach, Baltac, Cold Stream Landing), you get privacy and comfort. Plus, you have private access to Lake Windermere. Investing in such property will provide you and your family with a unique recreation environment that will be filled with great memories.
Lake Windermere
One of such places in South East British Columbia is the Columbia River Valley. Resting right between the Rocky Mountains on the eastern end and Purcell range on the western end is the Lake Windermere. It is 17.7 km long and is one of the largest lakes and the warmest in Kootenay.
But this is no ordinary lake! Invermere, a thriving town, is in its northwest corner of this lake, and Windermere community is a few miles down the road towards its east shore. The lake is only three hours drive away from Calgary, and for this reason, it is a tourist’s heaven. During the summer months, the population of this neighborhood swells to more than three times the original.
The Location
Frequently dotted with campgrounds, national parks (including the Kootenay National Park), cottages, three recreational beaches, more than a dozen golf courses (click to view SCOREGolf selects 3 Invermere golf course in Top 59), and several other tourist attractions, Lake Windermere has so much to offer. But it’s not just about spending summers here.
The Invermere municipal management also maintains a 30+ km long track called the Lake Windermere Whiteway. It is the longest in the world of its kind and is present between Windermere and Invermere. There are four different loops of varying lengths, and both families and individuals can enjoy cross-country skiing, skate skiing, ice skating, snowshoeing, fat bike riding, and of course, dog walking.
You can also add family skating pleasure and pond hockey skating rinks. There is no better place in the world when it comes to outdoor ice activity than the Whiteway. The famous Bonspiel-on-the-Lake also takes place every January, and you can participate in snow golf and ice fishing derbies too. Every year more and more visitors are looking to build their summer residences.
The Columbia Valley Real Estate
In Kootenay Columbia, Invermere and Invermere Rural are the two best Invermere Real Estate Lakefront options for recreational purposes. This information comes from a report done by British Columbia assessments for the Top 100 Residential Properties of Highest Value in the Kootenay/Columbia region.
This report covers the geographic regions, including Golden, Invermere, Revelstoke, Kimberley, Fernie, Cranbrook, Trail, Creston, Nelson, and Castlegar. The report comes out every January, and the numbers are based on the market values of the 2018 financial year.
$5,553,000 is the highest and $1,957,000 the lowest (100th) assessment.
In the top 15 spots- 6 properties are present in Fort Point (Invermere), and 6 are in Windermere (Invermere Rural).
In the top 100 spots-53 properties are in Invermere Rural, and 17 are in Invermere.
80 of these properties are single home residencies, while 20 are in acres.
Above all, 67 of these properties are on Invermere lakefront, Lake Windermere lakefront, or Invermere rural.
Lakefronts
Lake Windermere and the Rocky Mountains
Not all Invermere lakefront real estate offers a private waterfront. Some Waterfront properties are part of a community and share beach and boat docks.
As the prices are very high for these properties, you need to hire an expert Invermere real estateagent to assist you in finding your dream home. You may also need to inspect the property carefully on your own and choose the right water. Also, see if there are any insurance requirements that you need to fulfill.
If you have any questions regarding BC Lakefront Real Estates, contact DK Rice, the top realtor, at dk@rockieswest.com or 250-342-5935.
This home for sale in Invermere is located in CastleRock Estates. This home is a new and captivating modern home well-appointed just perfectly into the natural setting. First of all, is the entrance to this Invermere home has a stunning oversized wood door that really works for the curb appeal.
Main Floor
The main floor living space with vaulted ceiling, exotic Sapele wood flooring throughout. CastleRock home is 2320 sqft. There are three bedrooms, each on their own floor with their own bathrooms and plenty of storage space throughout the home.
Top Floor
The grand master bedroom is half of the top floor sharing it with a multi-purpose loft area used as a rec room/office or workout area. The en suite comes with all the luxuries, dual sinks, a large walk-in closet, a private toilet room, an air soaker tub, and an oversized shower with a glass door.
This CastleRock home for sale in Invermere has other highlights – an open kitchen/living area with quartz countertops, a walk-in pantry, a top-of-line sound system, and a propane fireplace.
Outdoor Living Space
With plenty of outdoor living space. First of all the yard has lots of privacy and trees that make you feel totally relaxed. Above all, the yard is low-maintenance rock.
Patios – the choice of privacy on one of the two-tiered patios or on the front where you will get most of the west-facing sun.
Decks – The top floor also has its very own deck facing west for your very own hide-a-way in the sun.
CastleRock community is a three-hour drive from Calgary through the Kootenay National Park. Kootenay National Park is in the Rocky Mountains. Therefore, it is considered one most scenic drives.
CastleRock is just a five-minute drive from downtown Invermere, BC. As a result, Invermere town provides water, sewage, and fire protection for CastleRock. Located on the west side of Lake Windermere, CastleRock is the true meaning of mountain living. Furthermore, the road up to CastleRock gives Columbia Valley the most beautiful views, especially Lake Windermere.
CastleRock has 306 acres. Close to 25% of the area is dedicated to natural open space, including parks, picnic areas, and a walking trail system that connects CastleRock’s neighborhoods to the surrounding wilderness. Most noteworthy, all CastleRock homesites have ‘non-disturbance zones’ on the rear and side yards to preserve the community’s natural splendor.
There are three Phases for homes. Also, the cohesive alpine character is supported by carefully crafted architectural design guidelines.
If there are any questions about this home for sale in Invermere or any other Columbia Valley real estate questions, contact one of Invermere’s Luxury Realtor DK Rice 250-342-5935
Invermere Lake Lots for sale are as rare as a four-leaf clover.
Finally, there is Invermere Lake Lots for sale and building the perfect home. Also, there is a legal Buoy for a boat and be one of the owners of the last remaining private beach on Lake Windermere BC on the Invermere side.
This is (5.73 acres) the only Lakeside Acreage being offered on Lake Windermere, fully serviced and zoned R3. See what we are talking about; you won’t be disappointed in this completely private Estate Lot.
The entrance to this property is just north of Lot 5. There is a trail leading to the top of the ridge. Follow the trail to the ridge, and there are property line markers throughout the lot, showing you just how grand it is. Furthermore, the views are 100% unobstructed and 360 degrees. The sun is shining on your lot every day it shines. It is solitude at its finest, with peace.
Only a short walk to the private beach and boat. While only minutes to downtown Invermere. It really is one of a kind. The topography is mixed and gives plenty of options to build site and style.
Enter the New Exclusive lakeside community with your own Buoy for your boat, private beach, and Big Lake & Mountain views. It’s a simple walk to the beach from your home. Lake Windermere is used for year-round recreation; boat, swim, sea-doo, fish, kayak, canoe, paddleboard, skate, ski, ice fish, ski-doo, and more. Don’t miss out on this Invermere bc of real estate for sale.
All services are on the lot line and ready for your plans to be approved. A full package is available for your review with everything in place so that a buyer can start to build right away. There is no timeline on the build and a minimal building scheme on title with district setbacks. The location of this community is perfect, as it allows you to walk to all Invermere amenities. Yet, it gives you the privacy and the prestige of lakeside ownership. It feels like you are in your own world when at home in Taynton Bay Estates.
Furthermore, if you have any questions on Invermere Lake Lots for sale or other real estate questions, please contact DK Rice.
