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500-acre Nakusp Greenscapes for sale
Got some extra cash sitting around and looking for some property to call your own? The Nakusp Greenscapes property in the Glenbank area is up for sale. A cool $1.5 million dollars will get you nearly 500 acres of land on the flank of Mount Jordan, above Kuskanax Creek.
According to media reports, the property was purchased for just over $2 million by a coalition of mostly local investors when properties owned by the bankrupt Pope & Talbot company were put up for sale and auctioned off in 2008.
Since then, phase one of the development was started and put up for sale— a subdivision of 10 two hectare lots along Alexander Road. They range in price from $144,900 to 235,900.
A website for the Greenscapes property says phase two would include "varied residential opportunities and different ownership and rental options... continued development of walking and hiking trails, park reserves and a few other exciting projects that are currently in the planning stages."
Now, phase two is for sale in one chunk. Like many other recreational developments, the plans have fallen victim to the market crash of 2008.
"Everything is for sale, that's pretty much what it is," Willi Jahnke, one of the investors, told the Arrow Lakes News. "We bought the property in 2008, so that was during a time when (things) hit the rocks. Until now, everything was pretty slow. Yes, we developed and we have 10 lots for sale, but there wasn't much interest in bare land."
Jahnke said there are challenges in developing the lot — notably in providing water, power and other infrastructure. The 10 smaller lots that are up for sale will be on the Village of Nakusp water system, but a new source would have to be found for the rest of the property.
"I don't think anyone would say they would have a water problem, but if we want water, we need to upgrade the entire system," he said.
Jahnke said of the 10 lots that are up for sale, none have been sold, though some people have made offers that were turned down. "We want somebody to build on it, that's why we didn't agree on any offers," he said. "We know the area rather well and there is hope and there is a vision but time will tell.”