Better yet buy 5. This is here in the 'Dare to Dream' category.
First a quick story. Last year Liana and I purchased an oceanfront cabin on 1.5 acres just North of Sechelt. Since then we have been there nearly every weekend. We knew we were lucky to find the place but over the past year we have come to understand how truly unique our property is.
We are approx 2 hours from Vancouver door to door including a 40 minute ferry ride from Vancouver. From the Langdale ferry terminal we are a 40 minute drive to our lot, we park at the top and then have a 5 minute hike down the hill to our cabin and beach.
There are a few other beach cabins but no permanent houses in on our bay yet. Other than a few summer evenings we have this bay mostly to ourselvs year round. Some of you have been at our place and can attest to its uniqueness. i don't think you can find this level of oceanfront wilderness and privacy anywhere else within a 2 hour drive of Vancouver for any amout of money let alone the $500,000 amount we paid for 1.5 acres.
There was a woman living nearby and she owned 5 of these lots. Her property is not directly adjacent to ours but it is nearby. She passed away in September and the lots have been up for sale as a package for 2.5 million. This has since been reduced to 1.7 and after running into the appraiser today I think the number will drop to 1.4 or less shortly. That is 1.4mil for 5 lots, approx 8 acres with 400 feet of ocean frontage and an old house. There are otters, seals, sea lions, dolphins, orcas, deer, salmon, racoons and a bear in the area that we have seen in the past year. We sit in our wood fired hot tub on the beach watching the stars and marine life absorbing just how great life can be.
Here is the dream part. What if we collected a group and purchased these lots? It might seem crazy but... Before buying our cabin I would dream of the day. Now that we have achieved the dream my only regret is that we didnt find a way to do it earlier.
Perhaps together we can achieve the dream for more of you.
The concept in my mind is to get a group of people together to form a company, each owner has shares. In advance we would develop a usability plan including what type of facilities we would build on the site and how we would finance that construction.
My primary idea at this point would be low cost, small foot print (under 120 square feet would not require a building permit) "sheds" that could be cozy sleeping cabins. Google tiny houses to get ideas of the potential. If scavaging used materials and using collaborative volunteer labour it is possible to build places for a very small a amount of money and give visitors a cozy place to bunk while at the property. Perhaps they could be rented out to generate enough money to pay property taxes and fund the construction of additional cabins. The concept is only limited by our imagination and certain legal considerations. The existing house could be used as a support building for the sleep cabins and as a main house with full facilities (sewer, power, water).
How much money? That would depend on how many were interested and how much each of you could afford. If anyone has any expertise in these types of arrangements I would like to hear from you. At 1.5 million we would need approx 30 people with 50k each. If we allowed smaller share blocks (say down to 10k each) that number grows to approx 150 people. At $1000 each it would take every member of our meetup but would still be possible.
What would you get for that? The investment potential of the property long term is very good but the focus should be on lifestyle and experience. There hiking and mountain biking trails on your back doorstep, kayaking and fishing off your beach. Life is good here, city stress melts away from us with every visit yet it is only two hours away.
Are you even just a little interested in seeing if we can pull this off? Post comments, if there is enough activity to warrant a follow up i will organize a pub meeting to gather and discuss this further. We will see if it goes anywhere after that. Bring your ideas.
Link to the property listing: