The old Owl’s Nest Campground in the Lake Country region of the Okanagan was once the scene of sunny summer holidays. Today, the long-shuttered resort is being redeveloped as Owl’s Nest Estates, an exclusive strata subdivision of multi-million-dollar homes on the shores of Kalamalka Lake, B.C.
It’s rare lakefront opportunity that will make for some happy campers. “Lakefront property is extremely hard to come by. It requires a lot of regulatory work to get approvals,” says Ryan Smith, president of Cantiro Homes, part of Edmonton-based real estate company Cantiro Group.
The property is being developed through its Cantiro Communities division. “We’ve done a lot of complicated rezonings over the history of our company, and so we felt like our experience and expertise would fit well with a project that would be extremely difficult to execute.” Cantiro had been searching for development opportunities in the Okanagan and acquired the 5.
75-acre site in 2017. Most of the land around Kalamalka is agricultural, and Owl’s Nest, north of Oyama off the Pelmewash Parkway, was one of the last remaining sites with lake views and access to a marina. Just 28 single-family homes will be built on the south end of the lake.
The three-storey walkout homes are on hillside lots and will offer 2,671 to 4,236 square feet of living space, not including the multi-tiered outdoor terraces. Sales have just started with base prices ranging from $2.3 million to above $4 million.
Each will ha.