A multimillion-dollar home with a distinctive style is being marketed as the “ideal fit” for young families.
A listing with Sotheby’s International Realty The “castle” in B.C.’s Okanagan would be a fantastic vacation for parents and their kids “longing to balance their hectic lives with a residence that sings of skipping pebbles,” according to the article.
Realtor Cheryl Soleway noted that the 3,200-square-foot mansion on an eight-acre tract in Cherryville could also be home to an artist, musician, or writer.
Cherryville is an unincorporated rural area located not far from Lumby and around 50 kilometres east of Vernon, the nearest city.
The three-bedroom, six-bathroom “private getaway” could also appeal to buyers looking for “adventures rarely found in conventional commercial resorts,” according to Soleway.
The castle on Sugar Lake Road in the Monashee Mountains, which has an asking price of $3,450,000, is not for everyone.
The premium property has 1,300 feet of Shuswap River and Cherry Creek shoreline for individuals who aren’t put off by the price tag. It is situated near the mountain range’s foothills.
It’s also not your typical Canadian luxury residence.
Despite being “modernised,” the ad claims that the present owners “carefully researched” 15th century castles, deriving inspiration from high ceilings, arched entrances, and other features.
The drawbridge and koi-filled moat of the decade-old mansion were inspired by their research.
A spacious rooftop terrace, a “not so secret” door to a private garden off the master suite, and an outdoor kitchen in a gazebo are also included in the residence. There is also an island on the property.
In addition to “the main castle,” the property features a caretaker’s cottage and a room that may be rented as a suite, according to Soleway.
It’s fun to dream, but as a quick reality check, CTV News looked into what the mortgage might be on a property like this,
under the premise that the prospective buyer has put down at least the required down payment, which in Canada is 20% for properties costing $1 million or more.
If that person agrees to pay the asking amount, the castle will require a $690,000 down payment. The mortgage would then be $2,760,000.
On a five-year fixed mortgage at 1.94 percent, which was the lowest rate available at the time, on RateHub.ca’s mortgage calculator They’d be expecting to pay around $11,600 per month on Friday.
This does not include the $81,500 land transfer tax. There would also be property taxes, despite the fact that the property is only worth $925,000 according to BC Assessment.
All photos from Sotheby’s International Realty