6203 Willow Avenue
Summerland, British Columbia
MLS® 10395303
$7,950,000
- Status
- Active
- Property type
- Hospitality
- MLS® number
- 10395303
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2008
1 / 50Listing description
A rare opportunity to acquire two adjacent Okanagan income properties on separate titles, offered together as one portfolio. Both sit in the Trout Creek area of Summerland, walking distance to Okanagan Lake and minutes from downtown, beaches, wineries, orchards and golf. SunOka Apartments is a 25-unit multifamily complex of two buildings built in 2008, each two storeys.
It contains nine one-bedroom suites and sixteen studio suites, several one-bedrooms. Every suite has a balcony or patio, and the site includes two EV charging stations. The complex is pet friendly and typically fully rented.
With no interior common areas, ongoing maintenance is minimal. The Summerland Motel, directly adjacent, is a well-established 31-unit motel fronting Highway 97, with 9 units featuring kitchen facilities. It offers a beautiful courtyard with swimming pool, guest laundry and highway signage.
A single-storey attached portion was fully renovated in 2021 with new roof, new siding and refreshed interiors. Held within a single company and offered as a share sale. Owners are nearing retirement and ready to sell.
Call your agent!
Property summary
- MLS® number
- 10395303
- Property type
- Hospitality
- Building type
- Other
- Title
- Freehold
- Land size
- 1.37 acres
- Built in
- 2008
- Annual property taxes
- $51,072.00
- Days on market
- 38 days
What would this home cost you?
Based on the $7,950,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REMAX Kelowna, Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.