Description

A rare opportunity to acquire two adjacent Okanagan income properties on separate titles, offered together as one portfolio. Both sit in the Trout Creek area of Summerland, walking distance to Okanagan Lake and minutes from downtown, beaches, wineries, orchards and golf. SunOka Apartments is a 25-unit multifamily complex of two buildings built in 2008, each two storeys. It contains nine one-bedroom suites and sixteen studio suites, several one-bedrooms. Every suite has a balcony or patio, and the site includes two EV charging stations. The complex is pet friendly and typically fully rented. With no interior common areas, ongoing maintenance is minimal. The Summerland Motel, directly adjacent, is a well-established 31-unit motel fronting Highway 97, with 9 units featuring kitchen facilities. It offers a beautiful courtyard with swimming pool, guest laundry and highway signage. A single-storey attached portion was fully renovated in 2021 with new roof, new siding and refreshed interiors. Held within a single company and offered as a share sale. Owners are nearing retirement and ready to sell. Call your agent!