8621 CEDAR AVE, Summerland, British Columbia V0H1Z2

For Sale

$3,050,000 CAD
  • Multi-family
Open House No open houses are scheduled at this time.
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Property Summary for 8621 CEDAR AVE

Property Type
MLS® Number
Date Added
20 September 2019
Okanagan - Similkameen
Postal Code

Description for 8621 CEDAR AVE

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. (id:1937)
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Features for 8621 CEDAR AVE

Exterior Finish
  • Wood frame
  • Forced air
  • Natural gas
  • Mountain view
  • Recreation
  • Schools
Sewer Water
  • Municipal sewage system
Building Features
  • Utility Water: Municipal water
  • Features: Central location

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Mortgage rate comparison for 8621 CEDAR AVE top

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Wes Stewart,*

Wes Stewart,*

Personal Real Estate Corporation


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