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SUMMERLAND

Summerland is a small town in the Okanagan Valley in British Columbia, Canada. Known for its beautiful lakes, beaches, wineries, and outdoor recreational opportunities, Summerland is a popular destination for tourists and residents. The real estate market in Summerland offers a mix of single-family homes, townhouses, and condos. As a result, prices are relatively affordable compared to other major Canadian cities.

The town also has a good mix of older and new homes; many properties feature stunning views of the surrounding mountains and Okanagan Lake. The city boasts a small-town charm, with a good mix of amenities such as shops, restaurants, and schools. The town is also surrounded by many orchards and vineyards, giving the city a unique rural-urban balance. Visitors can enjoy swimming, boating, and watersports on Okanagan Lake, which is surrounded by several beaches and parks. The town is also surrounded by several wineries that offer tastings and tours. Outdoor enthusiasts can also enjoy hiking, biking nearby, and skiing at the Apex Mountain Resort. Summerland also has a rich agricultural scene with several orchards, vineyards, and farmers' markets that offer fresh local produce and products. The town also boasts a small-town charm, with a good mix of amenities such as shops, restaurants, and galleries. It's also host to several events and festivals throughout the year.

$1,779,000
9503 Cedar Avenue - MLS® # 10358896

Description

Presenting a turnkey investment opportunity with a mixed-use industrial building offering approximately 6440 square feet of space on a .40-acre lot, ideally located on a high visibility corner in the busy and emerging industrial area of Summerland, BC. This versatile property is fully leased to a diverse mix of tenants taking advantage of the flexible zoning for the site which allows a diverse tenant mix beyond just industrial. Built in 2010, this building has been well cared for and will provide its new owners with a low maintenance cash flow investment, perfect for local or out of town investors. Each of the 6 bays has a 12'x10' loading door, 2 piece washroom and a dedicated hot water tank. Equally divided, these units are a great fit for a multitude of businesses and are in a highly desirable size as evidenced by the 100% occupancy rate for several years. This building may be stratified in the future, and currently offers an attractive, competitive cap rate, making this property an excellent addition to any investment portfolio. (id:2469)

Listing Provided By

Engel & Volkers South Okanagan

Neighborhood Info

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Property Details

Living Area
6,430 sqft.
Bedrooms
N/A
Bathrooms
N/A
Lot Size Area
0.4 ac|under 1 acre
Taxes
N/A
Type
Other
Style
N/A
Basement
Year Built
2010
Real Estate Listing
Provided by:
  • 302 Eckhardt Ave W
  • Penticton, BC
  • V2A 2A9

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

REALTOR® contact information provided to facilitate inquiries from consumers interested in Real Estate services. Please do not contact the website owner with unsolicited commercial offers.

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