A waterfront RV park and agricultural land parcel in Summerland has sold for $8 million, HM Commercial Group tells Western Investor.
The RV park accounts for 6.55 acres of land, while the remaining 37.44 acres is zoned for agricultural land use in the waterfront community of Trout Creek in Summerland. The RV Park features 107 sites, clubhouse and beach access. The park has a 6.3 per cent capitalization rate.
The property is located at 4500 Landry Cresent, Summerland.
Breakdown:
Price: $8,000,000
Lot Size: 44 acres
Property Type: Land
Zoning: A1
2017 B.C. Assessment Value: $3,129,700
City: Summerland
Province: B.C.
Name of Brokerage: HM Commercial Group – Macdonald Realty Kelowna
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