WHAT COVID-19 PROCEDURES DO YOU HAVE IN PLACE AT THE PRESENTATION CENTRE?

At Somerset Reach, we are dedicated to the safety of our visitors, employees and the community. We will be implementing safety measures recommended by BCREA and our Canadian Health officials.

We will accept 1 group at a time with a maximum of 3 people per group. If the door is locked, it means we are currently with other people, please be patient.

Upon entry all people will be asked to use hand sanitizer. All guests will be asked a series of recent health question. If you have been traveling we will ask that you confirm you have completed the 14 days isolation period prior to visiting us.

Social distancing will be in place.

If you are feeling or start to feel any u-like symptoms we ask you to stay home until you no longer have symptoms and rebook your appointment with us. If we notice you are displaying any u-like symptoms we will ask you to leave and reschedule at a later date.

WHAT IS SOMERSET REACH?

Somerset Reach is a ‘modern-living’ lake view townhome estate community, comprising 56 individual homes in 14 buildings, on 6 acres. The grounds face east towards the panorama of shimmering Okanagan Lake below. Somerset Reach is located in the peaceful and charming community of Peachland, just a five-minute walk to the historic town renowned for its beautiful shorelines, cafés, restaurants and unique boutiques.

WHAT TYPES OF HOMES WILL BE AVAILABLE TO PURCHASE?

Somerset Reach will offer two styles and sizes to choose from:

TYPE SIZE SQ. FT. DECK SQ. FT. GARAGE SQ. FT. PRICE
Walk Up 2 Bed/3 Bath 1692 - 1720 270/136 315 $735,000 - $749,700
Walk Out 3 Bed+Flex/3 Bath 2174 - 2186 355/50 306 $795,000 - $810,900
PRIVATE ELEVATORS

Each Strata Lot will enjoy the convenience of a two-person private elevator powered by a solar panel located on the rooftop terrace. Each owner is responsible for the maintenance repair of their elevator and solar panel as well as all associated costs.

ARE RENTALS ALLOWED?

Yes, rentals will be allowed on a month-to-month basis.

ARE PETS ALLOWED?

Yes, Somerset Reach is a pet friendly community. The ‘Doggie Beach’ is just a 5-minute walk away.

WHAT TYPE OF AMENITIES WILL SOMERSET REACH OFFER?

Somerset Reach townhomes is purpose built to oer a low maintenance (and low strata fee), lock & leave, easy living lifestyle. Desirable features are built into your home, such as: roof top garden terraces with expansive lake and mountain views, private elevators and the opportunity to create your own unique al fresco dining and BBQ entertainment areas. There will also be a large garden common area with outdoor picnic area meant for occasional larger gatherings.

WHERE CAN I FIND OUT MORE ABOUT THE FLOOR PLANS AND FEATURES?

You can find floor plans and virtual tours on the website and can also register on our website for newsletters and current updates at SomersetReach.com. Floor plans and feature sheets are also available at our Presentation Centre located on site at 5976 Princess Avenue, Peachland.

WILL SOMERSET REACH ALLOW ASSIGNMENTS?

Somerset reach buyers will be able to assign their contract with the developer’s approval at an assignment fee of 0.5% of the purchase price plus GST. Please note: assignments require written permission of the developer and will only be considered once all deposits are paid.

WHY BUY NOW?

Purchasing now will provide you with our quality construction at introductory pricing, and the opportunity to find the selection of a home that best suits your family’s needs.

WHAT IS THE DEPOSIT REQUIREMENT?
Initial deposit: $5000 at time of writing contract
Second deposit: 10% (less $5000) within 10 business days
Third deposit: Additional 10% of Purchase Price within 10 days of receipt of the Amendment to Disclosure Statement.
WHEN WILL THE DISCLOSURE STATEMENT AND PURCHASE AND SALE CONTRACT BE COMPLETED?

Both the DDS and Purchase and Sales contracts are complete and ready.

WHEN WILL I BE ABLE TO MOVE IN?

Currently the site work is actively being developed. Construction for Phase 1 is anticipated to begin late summer 2020 with completions estimated to start May 2021.

WHAT KIND OF PARKING DOES SOMERSET REACH HAVE?

Each Strata Lot will have an enclosed garage suitable for the parking of two vehicles, and a driveway that parks two cars. There will be no on street parking permitted, nor any designated parking for recreational vehicles, boats, trailers or campers. The developer may also provide 10 to 14 common or guest parking stalls within the Development.

CAN A BUYER PURCHASE MORE THAN ONE TOWNHOUSE?

Yes - buyers have the opportunity to purchase more than one townhome.