Property Type

Business Opportunity

Description

I am pleased to offer this unique investment opportunity. This offering consists of the Summerland Motel which has 31 motel units and the Sunoka Apartments which has 25 rental suites (16 studious and 9 1 bedrooms). These two properties are adjacent to each other and are on separate titles. Each property has its own access, there is a gate between the properties for emergency access. In 2021 the current owners redeveloped an existing motel into a motel and an apartment complex, the result is two independent businesses, owned by one company. The motel has a swimming pool and nice courtyard area, it is popular with tourist and travellers. If you are looking for a unique opportunity with exceptional cash flow, this is well worth adding to your list

Disclaimer:

Display of MLS data is deemed reliable but is not guaranteed accurate by the OMREB.

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 The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Listing data last updated date: 2023-06-24 22:10:02

Copyright - Okanagan Mainline Real Estate Board Cooperative Ltd. and the REALTORS Association of Okanagan. All Rights Reserved.

Listing Agent: Larry Berisoff

Brokerage: RE/MAX Kelowna