Cedar, Alder + Palmer, Summerland, British Columbia V0H 1Z2

For Sale

$3,050,000 CAD
  • 0.67 ac Lot Size
  • Residential
Open House No open houses are scheduled at this time.
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Property Summary for Cedar, Alder + Palmer

Property Type
Residential
Lot Size
0.67 Ac
MLS® Number
180670
Year Built
2018
Date Added
20 September 2019
Taxes
12,892 CAD (2019)
Neighborhood
Okanagan - Similkameen
Postal Code
V0H 1Z2

Description for Cedar, Alder + Palmer

Great return on investment on multiple properties that are showing an excellent return creating a 5.95% cap rate. This opportunity is comprised of four single family homes with legal rental suites, all built between 2017 and 2019 and still protected by the 2/5/10 new home warranty. All four homes have individual titles, and can be purchased as a package or individually. With 100% occupancy this package will generate $16,400 per month, or $196,800 annual gross income in an extremely safe investment. Property addresses are 8621 Cedar Ave, 8778 and 8738 Palmer Place, and 9457 Alder Street, Summerland, BC. Full package available, call listing agent for details.
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Features for Cedar, Alder + Palmer

Heating
  • Natural Gas
Sewer Water
  • Public
Listing provided by Point2 Agent on 01/18/2020

Mortgage rate comparison for Cedar, Alder + Palmer top

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