9206 Shale Avenue
Summerland, British Columbia
MLS® 10362006
$1,588,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- 10362006
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 2010
1 / 35Listing description
Outstanding industrial/commercial investment in Summerland. This 5,160 sq ft mixed-use building is designed like a duplex with two commercial units plus a top-floor caretaker residence. Currently leased by Crush Dynamics, an innovative food-tech company, the commercial units (101 & 102) generate $6,320/month, while the caretaker suite adds $700/month, for total revenue of $7,020/month, a 5.
3% CAP rate. Tenants are month-to-month with intention to stay, providing immediate income and flexibility. A future owner could occupy one side while continuing to lease the other, or maintain the entire investment for steady returns.
The building offers 4,693 sq ft of commercial space with workshops, offices, boardroom, along with a 467 sq ft residential suite and private deck. Two front-facing 14’H x 12’W bay doors and 19’ ceilings make the property adaptable to a wide range of operations. The paved yard features dual access, ample parking, and additional Seacan storage at the rear.
Well maintained and situated in a key industrial area with excellent access, this property is a turnkey opportunity for investors or businesses seeking income, growth, and operational versatility.
Property summary
- MLS® number
- 10362006
- Property type
- Industrial
- Building type
- Other
- Square footage
- 5,160 sq ft
- Title
- Freehold
- Land size
- 0.5 acres
- Built in
- 2010
- Annual property taxes
- $12,469.89
- Days on market
- 359 days
Features & details
- Heating
- Forced air
- Cooling
- Central air conditioning
- Exterior features
- Other
What would this home cost you?
Based on the $1,588,000 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 Royal LePage Parkside Realty, Summerland.
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.