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Outstanding Revenue Property located minutes from Gardom Lake! This 3.48-acre, highway commercial zoned lot comes improved with 19 separate residential suites featuring eleven (11) mobile homes, three (3) cabins, including a duplex cabin, two (2) suites above grade in the shop & two (2) pad rentals. All units are serviced with water and septic, cablevision, natural gas, electrical, gravel driveways & landscaping. Given the location along the well-traveled highway corridor between Enderby & Salmon Arm and given the sites’ highway commercial zoning with +/- 380 ft of highway frontage & service road, a range of possible service, recreation or retail-oriented uses would be feasible, including servicing the on-going demand for RV/Cabin-based lodging. Site improvements include two (2) drilled wells, several septic systems servicing the 19 units + three (3) transformers & 400-amp service provide plenty of power & water. The property has benefitted from a regular schedule of maintenance & upgrades. Also included is an +/- 1,980 SF shop building with 16ft ceilings, mechanical room + two (2) bachelor suites above grade. Opportunities to acquire income producing assets with flexible highway commercial zoning like this rarely come to market. The property produces $221,972.52 of gross annual revenue. Surplus land may be suitable for mobile home park expansion or some other use within the permitted C-2 zoning.
Highlights
- Sits on 3.48 acres with about 380 ft of highway frontage and a service road, zoned C-2 highway commercial.
- Includes 19 residential units: eleven mobile homes, three cabins (including a duplex cabin), two suites above the shop, and two pad rentals.
- Per the listing, the property produces $221,972.52 in gross annual revenue.
- The shop is about 1,980 sq ft with 16 ft ceilings, a mechanical room, and two bachelor suites above grade.
- Nearby: Enderby town centre 7.9 km, Enderby Arena 7.4 km, and Shuswap Lake 12.3 km.
Things to check
- Ask for service records for the two drilled wells and the septic systems, since they serve all 19 units.
- Confirm with the local government that all 19 units and the shop suites are permitted under the C-2 zoning.
- Ask for the rent roll and financial statements to verify the $221,972.52 gross annual revenue figure.
- Ask for the build year and permit history of the shop building and the three transformers.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Overall neighbourhood score 5.8 / 10; walk & bike score 3.3 / 10, from how close the nearest school, park or trail, rec centre and town centre are. Scores and distances are Sean Phillips’s own straight-line measures from this home to public B.C. map data. They are not part of the MLS® listing; driving distances are longer, so please check anything that matters to you.
- Price
- $3,000,000
- MLS® number
- 10397812
- Property type
- Single-family home
- Lot size
- 3.48 acres
- Community
- Enderby / Grindrod, Enderby
- Parking
- Additional Parking
- Water
- Well
- Sewer
- Septic tank
- Parking details
- Additional Parking
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