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COMMUNITY STRUCTURE

Sun Rivers is served by the CSROA (Community of Sun Rivers Owners Association),designed to meet the needs of the community over the long term. Common interests of the residents are addressed through a community association and representative neighbourhood associations. www.mysunrivers.com

The CSROA Board of Directors administers the Community guidelines and manages the common interests, lands and amenities for the benefit of residents. Every neighbourhood at Sun Rivers has architectural design guidelines to ensure investor certainty and enduring value over time.

Similar to a strata-title development all owners pay a community common area maintenance fee which provides for the resort level of maintenance and community amenities such as the entrance landscape and water feature, paths, street lighting, community decorations etc.

Each Neighbourhood Association is represented at the Community level (CSROA) by the Neighbourhood President. The Board of Directors for each neighbourhood administer their neighbourhood guidelines and manage the common interests within their neighbourhood. Residents in adult communities and townhome neighbourhoods pay additional costs for their neighbourhood fees as they typically have more common areas and services within their neighbourhood. These fees may include individual property landscaping, neighbourhood landscaping, shared exterior and roof maintenance such as in townhomes, and other convenience and lifestyle services that may be specific to their neighbourhood.

Sun Rivers Community and Leasehold Structure information
CONSTRUCTION

At Ladera, special attention has been paid to environmentally superb technologies. Approaching Step code 4, ICF (insulated concrete foundations),humidity control, geothermal heating and cooling, dual water systems, safety and security are only a few of the thoughtful construction elements.

Artitects discussion with blueprints
Features and Finishes information
Floor Plans
Triplex LayoutFloorplans for A1 unitsFloorplans for A2 unitsFloorplans for A3 unitsFloorplans for B1 units
THE LEASE

In 1995 the Tk’emlups First Nation made an important economic development decision and voted by a landslide margin of 74% to sell the leasehold interest in the site now known as Sun Rivers. This provided for a portion of its reserve land to be reverted back to the federal government to be held jointly with the First Nation for leasing. Today this prime parcel of real estate overlooking the City of Kamloops and South Thompson River has become Sun Rivers, one of Canada’s most innovative resort communities. Experts consider this lease agreement to be one of the most comprehensive and secure ever established.

Sun Rivers holds the 99-year head lease and the head landlord is ‘His Majesty the King in right of Canada’ (the Crown). The lease has been structured to most fully protect the investments of the homeowners, the investors, the lenders and Sun Rivers. Purchasers secure their interest through the purchase of a registered leasehold title which secures their interest for the term of the lease in accordance with the rights and obligations outlined in the lease.

Sun Rivers overlookign the Thompson River at sunrise
LOCAL GOVERNMENT

The Tk’emlúps te Secwepemc First Nation is the local government and like any municipality collects property taxes and provides and arranges for services to the community. Services include 911, fire protection, police protection, library access, schools and busing, paramedic and ambulance service, hospitals and public health and recreation in the City of Kamloops.

Services are provided through the First Nation and a number of servicing arrangements with service providers such as the City of Kamloops and Corix Multi-Utility Services.

Property taxes are paid to the Tk’emlúps te Secwépemc First Nation. The precedent-setting Head Lease, Sub-Lease and Master Development and Servicing Agreement clearly sets out the process by which taxes for services are levied. Sun Rivers’ residents pay property tax rates that are reasonably comparable to the City of Kamloops rates. The rate setting is based on assessed values determined by the BC Assessment Authority. Sun Rivers residents are eligible to apply for Homeowner grants.

Sun Rivers is outside the City of Kamloops boundaries but within the boundaries of the TNRD (Thompson Nicola Regional District). Sun Rivers residents may vote in the TNRD elections.

Kamloops with sunset in background
Ladera Community Plan

A Brief Guide to Buying Townhomes in Kamloops: Spotlight on Ladera in Sun Rivers

February 28th 2024




A Brief Guide to Buying Townhomes in Kamloops: Spotlight on Ladera in Sun Rivers,

Discover Kamloops - A Gem in British Columbia

Kamloops, a vibrant city nestled in the heart of British Columbia, offers a blend of urban convenience and natural beauty, making it an ideal location for homebuyers. With its sunny climate, recreational activities, and strong sense of community, Kamloops stands out as a prime location for those seeking the townhome lifestyle.

Introducing Ladera - Your Dream Townhome Awaits

In the prestigious Sun Rivers community, Ladera emerges as a beacon of modern living. This townhouse complex, currently under development, promises a blend of luxury, comfort, and sustainability, designed to meet the needs of diverse homeowners. From young professionals to retirees, Ladera offers something for everyone.

Why Choose a Townhome in Kamloops?

Townhomes in Kamloops, particularly in the Ladera neighbourhood of Sun Rivers, offer the perfect balance between low-maintenance living and the privacy of a single-family home. With the added benefits of shared amenities and a close-knit community, Ladera in Sun Rivers represents a smart choice for those prioritising both lifestyle and investment value.

Buying Your Townhome in Ladera: A Step-by-Step Guide

  1. Research and Preparation: Start by understanding your needs and budget. Kamloops offers a variety of townhome options, with Ladera standing out for its unique offerings.
  2. Financing: Secure financing early in your search. Consider local lenders familiar with the Kamloops real estate market to ensure a smooth buying process.
  3. Explore Sun Rivers: Visit Sun Rivers to experience its vibrancy first-hand. From the innovative community design to the breathtaking views, see why a townhome at Ladera is not just a place to call home, but a lifestyle. Construction on the first buildings is almost complete, with the first homeowners taking possession of their brand new homes in Spring 2024!
  4. Make Your Move: Work with a real estate agent experienced in Kamloops townhomes to navigate the purchase process, from offer to closing.

Contact Our Sales Team

The Ladera Advantage - Unmatched Lifestyle and Value

Ladera is not just about the homes; it's about the lifestyle. The complex offers energy-efficient designs, smart home technology, and exclusive access to community amenities like walking paths and exceptional golf. Nestled within Sun Rivers, residents enjoy a harmonious blend of natural beauty and modern conveniences.

For First-Time Buyers - Making Ladera Your Home

First-time homebuyers will find Ladera an appealing option due to its competitive pricing, community support, and the quality of living it offers. Tips for first-time buyers include focusing on long-term needs, considering resale value, and exploring financing options available for new developments.

Conclusion - Your Next Step Towards Ladera

Ladera represents the pinnacle of townhome living in Kamloops. With its blend of casual elegance, community spirit, and the beauty of Sun Rivers, Ladera is more than a home; it's a place where life unfolds in vibrant colours.

Ready to explore Ladera for yourself? Visit our home page to see features, floor plans, the neighbourhood, and more, or get in touch directly with our sales team at Engel and Volkers Kamloops to take a tour. We look forward to welcoming you!