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.

Floor Plans

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.

Investing in Sun Rivers: The Perfect Real Estate Opportunity Awaits at Ladera

September 29th 2023

Nestled amidst the breathtaking beauty of Sun Rivers, Ladera offers an exceptional real estate opportunity in this picturesque community. With its stunning landscapes, an array of recreational activities, and a sense of community like no other, Sun Rivers presents a haven for homeowners seeking an enriched lifestyle. Here, we explore why investing in Sun Rivers through Ladera is the perfect choice for those seeking a harmonious blend of modern living and natural serenity.

Sun Rivers: A Slice of Tranquility

Sun Rivers, located just five minutes from downtown Kamloops, British Columbia, is renowned for its stunning vistas, charming architecture, and a welcoming atmosphere that fosters a tight-knit community. Nestled in the Thompson River Valley, residents of Sun Rivers are treated to breathtaking panoramic views of the surrounding mountains, lush greenery, and the South Thompson River. This idyllic setting creates an ambiance that promotes relaxation and well-being, making it an enticing prospect for prospective homeowners seeking a serene retreat.

Thriving Real Estate Market

The real estate market in Sun Rivers has experienced steady growth over the years, making it an attractive destination for both homebuyers and investors alike. With Kamloops emerging as a vibrant economic center, Sun Rivers has benefited from the city's growth and development, further enhancing the value of properties in the area. Additionally, Sun Rivers' proximity to essential amenities, schools, and recreational facilities adds to its appeal for families and individuals looking for convenience and a high quality of life.

Live At Ladera: Redefining Townhome Living

Ladera is the newest townhome community to grace the landscape of Sun Rivers, offering contemporary living spaces designed to harmonize with the natural surroundings. These thoughtfully crafted townhomes are characterized by their modern architecture, spacious layouts, and upscale finishes, ensuring that residents experience the utmost comfort and style.

One of the unique selling points of Ladera is the level of distinguishing features found in each home. The finishing palettes have been developed based on consumer preferences and up to date styling creating spaces that truly feel like home.

Learn more about geothermal heating and cooling in Live at Ladera Townhomes

Unparalleled Amenities and Services

Ladera ensures that its residents have access to a host of exclusive amenities that enrich their daily lives. The Village Centre underway at Sun Rivers and the Big Horn Golf Course are the social hearts of the community, providing a space for neighbors to come together and foster meaningful connections. Here, residents can indulge in shared activities, host events, or simply unwind in a welcoming environment.

Furthermore, Ladera embraces the breathtaking natural surroundings, integrating green spaces and walking ,paths, within the community. These outdoor spaces encourage an active lifestyle and allow residents to immerse themselves in the beauty of Sun Rivers.

Future Growth Potential

Investing in Ladera not only grants homeowners the privilege of living in this serene oasis but also positions them advantageously for future growth. As Sun Rivers continues to develop and attract more residents, property values have appreciated steadily. The allure of Sun Rivers extends beyond its natural beauty, as the community becomes a prime location for those seeking a balanced lifestyle away from the hustle and bustle of city living, yet five minutes from downtown.

The Promise of a Thriving Community

Ladera offers more than just an address; it promises a thriving community experience. Within the highly connected community, , residents have the opportunity to form lasting friendships with like-minded individuals who share a passion for nature, leisure, and a quality lifestyle.

Sun Rivers stands as a testament to the beauty and tranquility that the Canadian landscape has to offer. By investing in Ladera, prospective homeowners secure not only an exceptional living space but also a unique opportunity to become a part of a vibrant and flourishing community. As the community continues to flourish, residents can relish the joys of a modern lifestyle set against the backdrop of Sun Rivers' natural splendor. The time is now to embark on a real estate journey with enduring values and a life well-lived in the lap of nature.

View an Investment Property at Live At Ladera