Back To Website
Dave Hughes Summerland Real Estate Serving Summerland for over 30 years

Summerland North (Summerland, British Columbia, CA - V0H 1Z4)
$4,499,000 CAD Cap Rate > 8

Summerland Realty


Dave Hughes
250 494 2181(Office)
250 494 8633(Home)
250 490 7734(Cell)
250 494 5356(Fax)


 
Details

Address: Summerland Motel 2107 Tait Street Summerland, BC
Type: Commercial
Style:  2 Storey
Development Level: Built
Lot Size:  1.434acres 
Taxes: $29,841.00 CAD (2018)
MLS® #: 
 
Description

The current owner undertook a major expansion in 2008 adding
four suites and 23 regular rooms in two new two story buildings.
These rooms, in addition to the 30 existing rooms, have created
a substantial high performing motel.

56 Units
9 have full kitchens
5 Kitchenettes with hot plates
New Buildings Built 2008
2 – 2 story buildings
27 Units in total
Main building
Built approximately 1965 with upgrades and expansions second floor was added
2003
10 Units on the ground floor
13 Units on Second floor
1 gym (was a unit)
Office
Middle Building
Built about 1965
7 units
3 used by staff
3 used for rentals
1 is not functional
This building also has the laundry facilities
The middle building is functional and useful, the current owner’s long-term plan
would be to remove it and replace it with a new building that would have a
restaurant / lounge, meeting room and rental units.
Roof is at replacement stage
Staff
2 owners
Contract Night Security during busy times.
Cleaning Staff – 8 summer and 2 winter
Recent Upgrades / Improvements
2017 Painted the exterior of the buildings
2016 pool heater
Roof on the main replaced 2016
Newer appliances in the kitchen units
Kuerig coffee machines (not owned)
Replaced internet equipment with new equipment and monitored support
 
Brokered and Advertised by:
   Nu Stream Realty
 
P2#342923675

Information is deemed to be correct but not guaranteed.

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.