Sun Peaks Resort to get a New Hospital?

For those of you with limited knowledge of Sun Peaks resort you may not know that there is a Health centre there right now that is manned during the winter on limited hours after the ski day is done. It services lots of local employees and a few unlucky visitors. The visitors that get mildly banged up during the course of a day of sking or snowboarding.

Sun Peaks became a municipality about 2 years ago and right now there is talk about building a 3 million dollar facility that will eventually house a more substantial health centre.  In the mean time there is talk of relocating municipal offices to this new building.

In my opinion, I am not sure if Sun Peaks is ready for this kind of an investment.  Currently there is a fair share of empty commercial space in Sun Peaks as the resort has been predominately a one season resort. Recently that has started to really turn the corner and Summer attendance has started to drastically improve.  I am sure it helps to hold great free concerts through out the summer like Sun Peaks has done in the last two years!

Based on my knowledge of the Sun Peaks, from being a resident there and selling real estate there for the past 5 years I think the Resort and the Municipality would do very well to consider putting in a West Morrisey Chair lift instead of proposed future health centre.   There is two main reasons they should consider this option:

  1. Sun Peaks has been know as a family friendly resort with lots of beginner and intermediate runs.  The west morrisey terrain has some of the best snow conditions and steepest terrain on the mountain.  Opening this area up will no doubt make Sun Peaks more attractive for ski enthusiasts looking for gnarly terrain.
  2. Adding this chair would make Sun Peaks as whole a true ski in/out Resort and they could advertise it as such! Locals and visitors alike seek out the convenience of ski in/out locations.  By adding the west morriesy chair lift it will increase the cities revenue from nightly rentals and property taxes from the real estate around that area.  Currently there are lots of lots for sale in that area that I am sure the city would love to see developed! If a chair would go in there would be a lot more demand for this location that already features some of the best views on the mountain.

I would love to see Sun Peaks really take off because I think it has lots to offer to anyone seeking a special place to call home. What Sun Peaks decides to do in the near future will have an impact on just how fast Sun Peaks develops.  I am a Kamloops real estate agent, or Kamloops Realtor and would like to learn about your real estate needs.

Crystal Forest, Sun Peaks BC Highlighted Townhouse Complex

If you have ever ventured to Sun Peaks BC. Crystal Forest is one of the most recognizable complexes in the village, it has a distinctively European Alps style.  It is located centrally, just a short walk to the village and restaurants and shops and the outdoor skating rink and recreational centers.

Sun Peaks, Crystal Forest Townhouse For Sale

Crystal Forest is zoned for tourism accommodation which means it is ideal for the buyers looking for a recreational property to rent out on a nightly bases. You can rent out units on your own, utilizing online websites like allura direct, and hire a cleaning service make sure the units are nice and clean or hire a full service management company to take care of all the details. With the nightly rental revenue you can cover some of the costs of ownership.  Typically your expectation should be to cover operating costs, like strata fees and taxes with full service management of nightly rental revenue. Owning real estate in Sun Peaks is very much a lifestyle choice more so than a money generating venture.

One thing to be aware of is GST liability. In tourism accommodation zoned properties it is typical for buyers to differ the GST on properties so that they can claim back GST costs associated with running the property as a nightly rental property.  This includes differing management fees that are GST applicable.  For more details about GST liability your best bet would be to contact a creditable accountant to help you get the information you need to determine whether differing GST makes sense for you.

For more information about Sun Peaks Real estate please feel free to contact me.  If you are thinking of selling I provide free consultations, and cutting edge marketing solutions so you that you can make an informed decision and get the best results. For those of you thinking of buying in this market it always helps to get great advise and learn from an expert. Please feel free to contact me today!