Belaire Estates Manufactured Home Park (SOLD)

  • Asking Price: $9,950,000 Asset Sale
  • Land parcel size: 27.16 acres
  • Legal Desc: Lot 9, PLAN CLSR 68065 IR 7 O/A Belaire Estates Series 217-3014.000 Formerly Plan 537
  • Leasehold Land: Crown Registered with 96 years remaining
  • Property Tax: $17,895 for 2017
  • Pads: 170 (owner-occupied) including new section. No Vacancies
  • RV storage compound
  • Environmental Report: Available
  • Surface structure diagrams and design: by Pillings and Protech Engineers and Consultants
  • Services: 3 drilled wells monitored monthly. Only one being used.Septic tanks and fields. Overbuilt and scheduled maintenance every two years. All records on file. Fire Hydrants throughout.
  • Roads: Paved with street lights throughout
  • Electrical: all 100 amp services underground.
  • Garbage: Management at present
  • Cap Rate: 5.63% at asking

This 170 pad Manufactured Home Park is located in Kelowna.
Extremely well maintained with services that are overbuilt to stand the test of time. No outstanding issues. Recently new pads built and filled within 6 months. Excellent records kept for the water and septic services and all are in compliance with the governing regulators. Crown Registered lease in place with 96 years remaining. Financials available with signed NDA.