Carol Shalovelo
RE/MAX Vernon
5603 27th Street
Vernon, BC V1T 8Z5
Phone: 250-549-4161 x252 Mobile: 250-503-8332 Email Carol
Serving Locally, Marketing Globally

Summerland Motel 2107 Tait Street Summerland, BC Summerland North (Summerland, British Columbia, CA - V0H 1Z4) Built

$4,499,000
Cap Rate > 8

RE/MAX Vernon

Carol Shalovelo Carol Shalovelo 250-549-4161 x252 (Office) 250-503-8332 (Cell) Request More Info

  • Type: Commercial
  • Style: 2 Storey
  • Development Level: Built
  • Lot Size: 1.434 acres
  • Taxes: $29,841.00 (2018)

Description

The current owner undertook a major expansion in 2008 adding
four suites and 23 regular rooms in two new two story buildings.
These rooms, in addition to the 30 existing rooms, have created
a substantial high performing motel.

56 Units
9 have full kitchens
5 Kitchenettes with hot plates
New Buildings Built 2008
2 – 2 story buildings
27 Units in total
Main building
Built approximately 1965 with upgrades and expansions second floor was added
2003
10 Units on the ground floor
13 Units on Second floor
1 gym (was a unit)
Office
Middle Building
Built about 1965
7 units
3 used by staff
3 used for rentals
1 is not functional
This building also has the laundry facilities
The middle building is functional and useful, the current owner’s long-term plan
would be to remove it and replace it with a new building that would have a
restaurant / lounge, meeting room and rental units.
Roof is at replacement stage
Staff
2 owners
Contract Night Security during busy times.
Cleaning Staff – 8 summer and 2 winter
Recent Upgrades / Improvements
2017 Painted the exterior of the buildings
2016 pool heater
Roof on the main replaced 2016
Newer appliances in the kitchen units
Kuerig coffee machines (not owned)
Replaced internet equipment with new equipment and monitored support

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