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Valley View Mobile Home Park 446 Lumby Mabel Lake Rd 83 Unit Mobile Home Park $5,300,000 CAD ($63,855 CAD/Unit) Lumby, BC V0E 2G5
Investment Highlights
- Well-positioned in the Okanagan region, near Vernon and within one hour of Kelowna International Airport.
- Attractive going-in cap rate with upside through rent adjustments and turnover.
- Recent capital improvements, including significant septic system upgrades, reduce near-term expenditures.
- Current caretaker facilitates streamlined, low-touch management for incoming ownership.
Executive Summary
A well maintained 83 pad mobile home park, with sufficient scale and a strong going in cap rate, located in a growing Okanagan market.
Property Facts
| Price | $5,300,000 CAD | Building Class | C |
| Price Per Unit | $63,855 CAD | Lot Size | 33.18 AC |
| Sale Type | Investment | Building Size | 66,400 SF |
| No. Units | 83 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1972 |
| Apartment Style | Single-Family Home |
| Price | $5,300,000 CAD |
| Price Per Unit | $63,855 CAD |
| Sale Type | Investment |
| No. Units | 83 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 33.18 AC |
| Building Size | 66,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1972 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 83 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
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Valley View Mobile Home Park | 446 Lumby Mabel Lake Rd
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