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New property listed in Kimberley

I have listed a new property at 8783 HIGHWAY 95A in Kimberley. See details here

Step into this impeccably renovated residence where timeless charm seamlessly blends with modern comfort. Substantially renovated in 2012 with the addition of a second storey, this home features new framing, insulation, drywall, windows, roof and trusses, flooring, furnace, central air, siding, septic, updated electrical with 200 amp service, new hot water tank in 2023, and the list goes on. You can move right in and everything has already been taken care of for you. On the main floor you will find an open concept kitchen perfect for entertaining, which flows into the formal dining area and living room both of which provide breathtaking Rocky Mountain views. Back deck access off of the living room extends the indoor-outdoor living experience, and provides perfect opportunities for alfresco dining or a relaxing morning coffee. There is ample storage to keep your things tidy and organized, a great sized entry to receive your guests, and a two piece bathroom with main floor laundry. Upstairs are 3 generously sized bedrooms with large closets, and a 4-piece bathroom. The bathroom was redone in 2021 with new tile and features a claw foot tub that beckons you to relax after a long day's work. The finished basement offers a great flex space to be used however best suits your family, a full bathroom, and another well sized bedroom. Situated on over 1 acre of land, there is an abundance of space for the dog to run, the veggies to grow, and all of your backyard ideas. Call your REALTOR(R) to request a showing today! (id:2493)

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New property listed in Kimberley

I have listed a new property at 825 308TH AVENUE in Kimberley. See details here

This impeccably maintained family home may just be the one you've been waiting for! Located on a 0.25 acre lot, the expansive backyard is fully fenced and features irrigation for ease of care, mature trees and a dedicated garden space. Imagine unwinding in your own private sanctuary. The exterior amenities continue with a convenient storage shed, a double carport, separate basement entrance, and accommodation for up to six vehicles. Step inside to discover a residence meticulously cared for over the years, boasting essential updates including windows, furnace, hot water tank, and roof. The main level exudes warmth and light, featuring a spacious living area, seamlessly flowing into the kitchen and dining room, which opens onto the deck for delightful alfresco dining or morning coffee. Two generously sized bedrooms and a well-appointed bathroom complete this level. Descend to the lower level to find an additional sizeable bedroom, a versatile den ideal for various family needs, a second bathroom, and an added bonus workshop space. With its myriad of features and undeniable charm, this home is sure to captivate you. Reach out to your REALTOR(R) to secure your chance at calling this residence your own, as opportunities like these seldom linger on the market for long! (id:2493)

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“Fly Over the East Kootenays” - Local area virtual tour by Aaron Butcher of Horizon 360 Media

Aaron Butcher, owner/operator of Horizon 360 Media has created an amazing virtual tour of the Kimberley/Cranbrook region (and the area in between).  He has kindly given permission for me to share this on my site, as I think this is an incredible tool for non-locals considering moving to the area, to familiarize themselves with what we have to offer.

Take the tour: Fly Over the East Kootenays

Check out his website.  Horizon 360 Media 

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New property listed in Kimberley

I have listed a new property at 225 RIVER RIDGE WAY in Kimberley. See details here

Seize the opportunity to craft the home of your dreams, surrounded by nature. If you've been longing for your own slice of peace and serenity that this region provides, now is your chance. This beautifully elevated, sloped lot offers breathtaking views, of which you can see the Purcell Mountain Range, the St. Mary River with surrounding Hoodoos, and even an occasional glimpse of the Rockies. This idyllic location is also convenient. Step out your future door and into a realm of outdoor adventures. Enjoy hiking or biking the trails at Sunflower Hill and the Kimberley Nature Park. Soak in the serenity of St. Mary Lake on your paddle board or embark on thrilling white-water rafting expeditions down the St. Mary River. For the angler at heart, world-class fishing awaits just moments away. When you're finished with the day's activities, indulge in the vibrant culinary scene that awaits in town, mere minutes from your retreat. A unique opportunity awaits, with both 225 & 229 River Ridge Way available for purchase. Acquire both and build on one, while holding the other to preserve your privacy and views for generations to come! River Ridge Way is a bare land strata with nominal monthly fees of only $37.50. With flexible R-7A zoning accommodating both full-time residence and tourist accommodation, the possibilities are endless. Reach out to your trusted REALTOR® today for further details! (id:2493)

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New property listed in Kimberley

I have listed a new property at 229 RIVER RIDGE WAY in Kimberley. See details here

Seize the opportunity to craft the home of your dreams, surrounded by nature. If you've been longing for your own slice of peace and serenity that this region provides, now is your chance. This beautifully elevated, sloped lot offers breathtaking views, of which you can see the Purcell Mountain Range, the St. Mary River with surrounding Hoodoos, and even an occasional glimpse of the Rockies. This idyllic location is also convenient. Step out your future door and into a realm of outdoor adventures. Enjoy hiking or biking the trails at Sunflower Hill and the Kimberley Nature Park. Soak in the serenity of St. Mary Lake on your paddle board or embark on thrilling white-water rafting expeditions down the St. Mary River. For the angler at heart, world-class fishing awaits just moments away. When you're finished with the day's activities, indulge in the vibrant culinary scene that awaits in town, mere minutes from your retreat. A unique opportunity awaits, with both 225 & 229 River Ridge Way available for purchase. Acquire both and build on one, while holding the other to preserve your privacy and views for generations to come! River Ridge Way is a bare land strata with nominal monthly fees of only $37.50. With flexible R-7A zoning accommodating both full-time residence and tourist accommodation, the possibilities are endless. Reach out to your trusted REALTOR® today for further details! (id:2493)

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NEW - BC Home Flipping Tax!

The proposed BC home flipping tax applies to income you realize from the sale of properties in British Columbia if you have owned them for less than 2 years.

The tax, which is subject to legislative approval, is separate and distinct from the federal property flipping rules and is not harmonized or administered with the federal or B.C. income tax.

Overview

The BC home flipping tax will apply to income from B.C. properties sold on or after January 1, 2025. Income from property purchased before the tax’s effective date may be subject to the new tax if sold on or after January 1, 2025 if the property is sold within 2 years, unless an exemption applies.

As previously announced in British Columbia’s Homes For People plan, the intention of the tax is to discourage short-term holding of property for profit.

How the tax will work

The BC home flipping tax will apply to income from the sale of property that was owned for less than 2 years.

The tax rate will be highest for those who owned properties for the shortest period and will decline the longer the property is owned. The tax rate will be 20 percent for income earned from properties sold within 365 days of purchase and will decline to zero between 366 and 730 days.

You may be exempt from paying tax on income earned from the sale of your property if you are eligible for an exemption.   

Who will be subject to the tax

If you sell your property on or after January 1, 2025, income earned from the sale of your property may be subject to the new tax if the property was purchased less than 2 years prior. Whether income earned from the sale of your property is subject to the tax depends on when you purchased the property.

Examples:

  • If you purchased a property on May 1, 2023 and sold the property on January 31, 2025, income you earn from the sale of the property would be taxable.

  • If you decide not to sell a property until June 1, 2025, then income you earn from the sale of the property would not be subject to the tax.

Note: The seller of the property may be a B.C. resident or a resident anywhere else in the world.

Exemptions

You may be eligible for exemptions if there are life circumstances that motivated the sale of a property within 2 years, such as:

  • Separation or divorce

  • Death

  • Disability or illness

  • Relocation for work

  • Involuntary job loss

  • Change in household membership

  • Personal safety

  • Insolvency

If you sell your primary residence within 2 years of purchase, you may also be able to exclude up to $20,000 when calculating your taxable income.

The purpose of this tax is to support housing supply, not impede it. Exemptions will be provided for those who add to the housing supply or engage in construction and real estate development.

The above information does not reflect an exhaustive list of the exemptions that will be included in this new tax. More information on these exemptions and others will be provided in the future.

Relevant properties

The tax will apply to income earned from the sale of:

  • Properties with a housing unit

  • Properties zoned for residential use

  • The right to acquire the above properties, such as the assignment of a purchase contract 

The tax will include special rules for properties, or portions of properties, that have non-residential purposes.

Income earned from the sale of properties located on reserve lands, treaty lands and lands of self-governing Indigenous Nations will not be subject to this tax.

Ministry of Finance. BC Home Flipping Tax - Province of British Columbia. 22 Feb. 2024, www2.gov.bc.ca/gov/content/taxes/income-taxes/bc-home-flipping-tax#exemptions.

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