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.

Tips and Insights for Buying New Townhomes in Kamloops

August 27th 2024

With its stunning landscapes, vibrant community, and growing real estate market, Kamloops has become an attractive destination for homebuyers seeking the perfect blend of urban convenience and natural beauty. Among the various housing options available, townhomes have emerged as a popular choice, offering affordability, low maintenance, and a sense of community. In this guide, we'll briefly explore everything you need to know about buying new townhomes in Kamloops, including key considerations, financing options, and a spotlight on the sought-after Sun Rivers Community and the new townhome development at Ladera.

Understanding the Appeal of Townhomes in Kamloops

Townhomes have gained popularity in Kamloops for several reasons. Firstly, they provide an affordable housing option for both first-time buyers and downsizers looking to simplify their lifestyle without compromising on quality. Additionally, townhomes often offer low-maintenance living, making them ideal for busy professionals or those seeking a hassle-free lifestyle. Moreover, many townhome developments in Kamloops are located in close proximity to amenities such as shopping centers, schools, and recreational facilities, enhancing their appeal to a wide range of buyers.

Key Considerations When Buying A New Townhome

When purchasing a new townhome in Kamloops, there are several important factors to consider. Location is paramount, as it can significantly impact your lifestyle and investment potential. Research the neighborhood thoroughly, paying attention to factors such as proximity to amenities, transportation links, and future development plans. Additionally, consider your budget and the overall cost of homeownership, including maintenance fees and maintenance expenses. It's also essential to evaluate the reputation of the builder and the quality of construction to ensure you're making a sound investment.

The Buying Process

Navigating the buying process for a new townhome in Kamloops can seem daunting, but with the right guidance, it can be straightforward. Start by researching available properties and neighborhoods to narrow down your options. Once you've found a townhome or community that meets your criteria, explore the website of a community under construction, visit a show home, or enlist the help of a qualified real estate agent who specializes in new construction. They can assist you with negotiations, contract review, and ensuring that your interests are protected throughout the transaction.

Financing Options for New Townhome Buyers

Financing a new townhome purchase in Kamloops is a crucial step in the buying process. Fortunately, there are several financing options available to suit different budgets and preferences. Traditional mortgages are a popular choice, offering competitive interest rates and flexible repayment terms. Alternatively, some developers may offer pre-construction financing options, allowing buyers to secure their townhome with a deposit and pay the remaining balance upon completion. Additionally, first-time buyers in Kamloops may qualify for incentives from the BC government or assistance programs to help make homeownership in Kamloops more accessible.

Neighbourhood Spotlight: New Townhomes at Ladera in Sun Rivers

A desirable location for new townhome buyers in Kamloops is Sun Rivers, a master-planned community nestled in the hills overlooking the city. Sun Rivers offers a unique blend of natural beauty, recreational amenities, and convenient access to downtown Kamloops. Within Sun Rivers, Ladera's townhome development will stand out as a premier choice for discerning buyers. Featuring modern design, spacious layouts, and panoramic views, Ladera's townhomes offer the perfect combination of comfort, convenience, and luxury living. Once completed, residents will enjoy access to a range of amenities, including golf courses, hiking trails, and community events, making it an ideal place to call home. You can contact them directly or visit their Show Home at 5002 Sun Rivers Drive.

Buy Your New Townhome in Kamloops

Buying a new townhome in Kamloops is an exciting journey that offers endless possibilities for homebuyers. By understanding the key considerations, navigating the buying process, and exploring attractive neighborhoods like Ladera at Sun Rivers, you can find the perfect townhome to suit your lifestyle and budget. Whether you're a first-time buyer, a downsizer, or an investor, Kamloops offers a wealth of opportunities for those seeking to make their homeownership dreams a reality.

Get More Information Today