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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 a 3.48-acre lot with highway commercial (C-2) zoning and about 380 ft of highway frontage plus a service road.
- The listing describes 19 separate 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 of gross annual revenue.
- Services include two drilled wells, several septic systems, three transformers and 400-amp service.
- The listing says surplus land may suit mobile home park expansion or other uses within the C-2 zoning.
Things to check
- Ask for the operating expenses and financial statements, since the $221,972.52 is gross revenue.
- Confirm with the local government that all 19 units, the suites and the cabins are permitted under the C-2 zoning.
- Ask for maintenance records and the age and capacity of the septic systems and both wells.
- Ask for the current tenancy agreements and which units are rented and at what terms.
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
- 10397797
- Property type
- Commercial · multi-family
- Ownership
- Freehold
- Lot size
- 3.48 acres
- Year built
- 1994
- Annual taxes
- $3,898
- Community
- Enderby / Grindrod, Enderby
- Parking
- Additional Parking
- Water
- Well
- Sewer
- Septic tank
- Parking details
- Additional Parking
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