About this home

Rare Opportunity! 49-year periodic Crown lease lot for sale on Little Shuswap Lake reserve land. The pre-existing cottage was lost in the Bush Creek fire and after serious consideration, the owner has decided to let it go so that a young family will have their dreams of living on the waterfront become a reality. 27 years remain of a solid 49-year lease. The southwest facing lot offer fantastic sunsets nightly! Enjoy 100' of prime water frontage with a sandy beach. The bright and sunny .67-acre lot is totally flat and usable, tons of room to build. This lot has only had the debris removed and requires both environmental and archaeological reports completed. Cool down in the refreshing water of Little Shuswap Lake during those 35-degree plus days. These periodic lease lots rarely come available, so you best take a close look at this one! From here you'll have direct access to 4-season action; world class boating, biking, hiking, golfing at Talking Rock & dining in Jack Sam's restaurant, simply epic. With a history of leasehold waterfront properties in the area, having been offered multiple leases over time, there's a strong precedent already set that indicates the likelihood of securing a new lease or extension to the current lease in 2054. With that said, this is not a guarantee. Annual lease fees are currently $14,098.00 and these fees get reviewed every 5 years, the last review was in 2025. Be sure to book your appointment to view this one today, you won't be disappointed!

Home facts

Property type: Vacant Land
Area: Chase
Listed: October 26, 2026
Structure: Other
PID: 902-008-480
Common interest: Leasehold

Highlights

Mountain view
Waterfront

Features and inclusions

Lot: Private setting
Community: Family Oriented, Rural Setting, Pets Allowed, Rentals Allowed With Restrictions

Rooms and building

Water: Community Water System
Utilities: Water, Electricity, Cable, Telephone

Listed by Riley & Associates Realty Ltd. Last updated Oct 26, 2026, 10:35 AM.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Monthly and upfront costs

Uses the posted 5-year rate (5.19%), 20% down and a 25-year amortization.

Monthly ownership costs

Principal and interest: $235
Property tax: $17/mo
Home insurance: $150/mo
Estimated monthly total: $401

Purchase snapshot

List price: $49,500
Down payment: $9,900 (20%)
Estimated mortgage: $39,600

Estimates only. They leave out utilities, upkeep and closing costs.

Stress test this mortgage

Neighbourhood

Open the map

Walk to Peoples Drug Mart2h 1m

Bike to Orient Chair Top Station1h 18m

Walk to Orient Chair Top Station4h 20m

Drive to downtown Vancouver12h 13m

Estimated travel times. Map data © OpenStreetMap contributors.

Most listed

Other · 28%

Homes for sale nearby, by type

Other24 for sale

Detached23 for sale

Land19 for sale

Mobile home15 for sale

Other3 for sale

Duplex2 for sale

Active listings within 8 km of this home.

Homes built in Quaaout 1, by type

Single-detached64.0% · 80

Row house32.0% · 40

Other single-attached4.0% · 5

Source: Statistics Canada, 2021 Census of Population. 125 dwellings.

Who lives here

Statistics Canada area 59390135 · Quaaout 1

Median age: 45
Renter households: 27%
Average household size: 2.3
Median household income: $72,000

Population (2021): 284
Median rent: $0
Owner shelter cost: $0
Owner households: 50%
Households with kids: 28%
Immigrants: 4%
Post-secondary: 43%
Average home value (2021): $0

Breakdown

$15,000 to $19,9999.1% · 10

$20,000 to $24,9994.5% · 5

$25,000 to $29,9994.5% · 5

$30,000 to $34,9994.5% · 5

$35,000 to $39,9999.1% · 10

$45,000 to $49,9994.5% · 5

$50,000 to $59,9999.1% · 10

$60,000 to $69,9994.5% · 5

$70,000 to $79,99918.2% · 20

$80,000 to $89,9999.1% · 10

$100,000 to $124,9999.1% · 10

$125,000 to $149,9999.1% · 10

$200,000 and over4.5% · 5

Source: Statistics Canada, 2021 Census Profile, dissemination area 59390135.

Documents

Pick the records you want. Ray Rasouli will email what the listing brokerage shares.

Property disclosure statementReview seller-disclosed conditions and known defects.
Title searchReview registered ownership, charges, easements, and covenants.
Inspection reportsReview available property-condition findings.
Leasehold agreementReview the remaining term, ground rent, renewal, and assignment rules.
Ground rent and fee scheduleReview current and future leasehold carrying costs.
Zoning and land-use recordsReview permitted uses and development constraints.
Survey or site planReview boundaries, structures, and encroachments.
Well and water-quality recordsReview water source, testing, and maintenance information.
Septic recordsReview system permits, servicing, and condition information.

Availability is not guaranteed. Review documents with a professional.

1493 Little Shuswap Lake Road