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Kootenay manufactured home park sells $600,000 over assessment

The 48-pad adult-oriented park, on city services in a prime location in Castlegar, B.C., sold $100K over list price and well above assessment, at $3.6 million
entry-679-cre_mhp_05052022vb2
Re/Max Penticton Realty, Penticton, B.C., for Western Investor

Type pf property: Manufactured home park

Location: 1545 Columbia Street, Castlegar, B.C.

Number of pads: 48

Park size: 3,388,968 square feet

Land size in acres: 7.78 acres

Zoning: R-5 Manufactured Home Park

BC Assessed value: $2.98 million

List price: $3.5 million

Sale price: $3.6 million

Date of sale: April 29, 2022

Brokerage:  Re/Max Penticton Realty, Penticton, B.C.

Broker: Vadim Kobasew