3245 Paris Street, Penticton, BC - Whitewater Mobile Home Park

Whitewater Mobile Home Park

3245 Paris Street, Penticton, BC, V2A 3T9

Price:
$14,900,000

Property Description

HM Commercial Realty is pleased to present this high density residential site with holding income at Whitewater Mobile Home Park, a 93 pad mobile home park located in the Skaha Village neighbourhood of beautiful Penticton, BC.

The park is located in close proximity to shopping, schools, parks, and recreational activities. Whitewater Mobile Home Park consists of 93 home pads fully serviced with municipal water and sewer.

Some of the major highlights of this investment include:

  • 93 home pads on 10.27 acres
  • Walking distance to Skaha Lake, Walmart, major retail and restaurants, 100 yards to transit route
  • 5 minute drive to downtown core and Penticton Regional Airport
  • Full city services
  • Upside potential through redevelopment & densification (city supports 4+ storey residential)
  • 4.62% Cap Rate, 2024 NOI: $628,124
  • $20.82/net buildable SF (assumes 1.6 FAR)

3245 Paris Street, Penticton, BC, Canada

Additional Information

Municipal Address 3245 Paris Street, Penticton, BC, V2A 3T9
Legal Description Lot 4, Plan 43502, District Lot 189 & 372, Similkameen Division of Yale District
PID 016-295-552
Location Details Whitewater Mobile Home Park is located one block from Skaha Lake Road, which turns into Main Street and is the major arterial north to south road through Penticton. The park benefits from all the amenities of the City of Penticton, including shopping, schools, parks, and recreational facilities. Peachtree Mall, and Wal-Mart are a few blocks away, as is Cherry Lane Shopping Centre, with Save-On-Foods, London Drugs and The Bay.
Land Area 10.27 acres (447,361 SF)
Zoning RSM, Mobile Home Park Housing
Future Land Use
(OCP)
Ground Oriented Residential

Listing Agents

Jeff Hudson PREC - Principal / Founder at HM Commercial Realty

Jeff Hudson

Personal Real Estate Corporation
Marshall McAnerney PREC - Principal / Founder at HM Commercial Realty

Marshall McAnerney

Personal Real Estate Corporation

Request More Info

If you would like more information about this listing or to request a viewing, please fill out the form below. You can also reach us at 250.712.3130 or by email info@hmcommercial.com.