If you want to invest in BC real estate on a budget, some recent ads in northern BC may be in the way. 22 plots are now for sale in Tumbler Ridge, starting at $ 19,900.
The municipality of Tumbler Ridge is within a UNESCO Global Geopark, about 120 kilometers south of Dawson Creek, and is a destination for people who want to enjoy the outdoors.
In a telephone interview, listing agent Sam Hodson tells Vancouver Is Awesome that one person owns all the undeveloped land, which ranges in price from $ 19,900 to $ 27,900.
Approximately 6,000 square feet each, they are serviced with electricity, sewer, gas and water, and the annual taxes are about $ 300 a year.
Tumbler Ridge has seen better days – the once so busy coal mining community has mostly fallen into hard times since the last mine closed in 2015, which in part explains why real estate is so cheap. But if you are looking for an escape from the city in the form of cheap recreational property, or a reset of life and a move to a community with a population of less than 2,000 people, this may be a decent investment for you.
Oh, and if you want to pick up an entire portfolio of real estate for the price of a small Vancouver apartment, you can buy all the grounds at a 25% discount. All 22 are offered as a package for only $ 379,000.