Summerland RV park and agricultural land sold for $8M

The motor home park has 107 sites and beachfront access

By
for Western Investor
July 5, 2018





summerland rv park
 
A waterfront RV park and agricultural land parcel in Summerland has sold for $8 million, HM Commercial Group tells Western Investor.
 
The RV park accounts for 6.55 acres of land, while the remaining 37.44 acres is zoned for agricultural land use in the waterfront community of Trout Creek in Summerland. The RV Park features 107 sites, clubhouse and beach access. The park has a 6.3 per cent capitalization rate. 
 
The property is located at 4500 Landry Cresent, Summerland. 
 
 

Breakdown: 

 
Price: $8,000,000
Lot Size: 44 acres 
Property Type: Land 
Zoning: A1
2017 B.C. Assessment Value: $3,129,700
City: Summerland  
Province: B.C. 
Name of Brokerage: HM Commercial Group – Macdonald Realty Kelowna 
 

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Jeff specializes in the sales of income-producing properties, foreclosures and development analysis for commercial properties.

HM Commercial Group – Macdonald Realty Kelowna
2700 Richter Street
Kelowna, B.C. V1Y 2R5
Office: 250-712-3131

Marshall specializes in investment properties, foreclosures and development land including shopping centres and multi-family properties.

HM Commercial Group – Macdonald Realty Kelowna
2700 Richter Street
Kelowna, B.C. V1Y 2R5
Office: 250-712-3130

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