Waterfront RV Park and Agricultural Land in Summerland $ 8,000,000
4500 Landry Crescent, Summerland, BC

Waterfront RV Park and Agricultural Land in Summerland $8,000,000.

4500 Landry Crescent, Summerland, BC


Property Description

HM Commercial Group is pleased to present this valuable opportunity for a +/- 44 acre parcel which includes the 6.55 acre Summerland Campground & RV Park, and 37.44 acres of agricultural land in the waterfront community of Trout Creek, in Summerland, BC. 

The RV Park portion of the property is ideally situated on the shore of Okanagan Lake with breathtaking views of the surrounding mountains and calming water, and features:

  • 107 sites with full hook-up including water, sewer, 30 amp electrical service, basic cable/wi-fi and all sites feature water or mountain views
  • 400’ of beach with 3 fire pits, and a grassy area for bocci ball, picnics, playing, and relaxing
  • Clubhouse with big screen tv, video and book library, games, and  year-round laundry facility
  • Access to designated boat storage for an extra fee
  • 6.3% Cap Rate on 2016 NOI

Some older outbuildings of historical value reside here including the birthplace home of BC’s original Lieutenant Governor.

This magical waterfront parcel is on the shores of Lake Okanagan and represents a phenomenal holding property with upside potential.There is potential to service 15-20 sites along the highway, which are already serviced with water and rented on a nightly basis throughout the Summer. The park’s electrical grid was recently replaced and upgraded, and could support extra servicing along the highway, where noise has been cut down by shoulder barriers.

Interested parties must sign a non-disclosure agreement prior to receiving any financial details.

Additional Information

Municipal Address4500 Landry Crescent, Summerland, BC
Legal DescriptionLot A, Plan KAP80862, District Lot 477 508, Land District 41, Except Plan KAP82140 FOR ILLAHIE BEACH RV PARK BAYS C/REF 71784.500 ET AL Manufactured Home Reg.# BB890
PID026-653-435
Location4500 Landry Crescent is well located at and near the shores of Okanagan Lake in the community of Trout Creek in beautiful Summerland, BC. The property is just 5 minutes from Downtown Summerland, 15 minutes from Penticton, and 40 minutes from Kelowna.
Land Area45.935 acres
ZoningA1, Agricultural Small Acreage Zone & CT2, Campground Zone
Taxes$28,148.83 (2016)

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E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.

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Direct: 250.712.3130
Fax: 250.860.1600
info@hmcommercial.com

2700 Richter St. Kelowna, BC V1Y 2R5