For Sale · Specialty

13011 Lakeshore Drive S Unit# 368, Summerland

13011 Lakeshore Drive S Unit# 368, Summerland, BC V0H1Z1

$239,990 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

99%

Year Built

2005

About this property

Enjoy the best of lakeside living in this beautifully renovated, top-floor suite at Summerland Waterfront Resort. Known as the resort's coveted “bridal suite” within the rental pool, this exceptional unit offers incredible Okanagan Lake views and a front-row seat to the beauty of the waterfront. The thoughtfully updated interior features a stylish kitchen with stainless steel appliances, an inviting open-concept living and dining area, cozy fireplace, spacious bedroom, bathroom w/ soaker tub and the convenience of in-suite laundry. The oversized sectional sofa also includes a pull-out bed, providing additional sleeping space. Step outside to your private balcony and take in the stunning lake views and ever-changing Okanagan scenery. A beautiful turnkey retreat in one of Summerland's most sought-after waterfront destinations. This resort-style property is professionally managed and offers an impressive collection of amenities, including an outdoor pool, hot tub, sauna, spa, café, sundeck, beachfront access, boat docks, BBQ areas, underground parking, fitness centre, and boat & bike rentals. Fees include heating, electricity, cable TV, management and access to all amenities. Owners enjoy a designated amount of personal use each year, with mandatory participation in the rental pool for the remaining time, offering an opportunity to generate rental income while enjoying your own lakeside getaway. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$240K
Down payment30% · $72K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$19K

Annual cash flow

$6K

Cash-on-cash

8.11%

DSCR

1.44

Going-in cap

7.98%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

86,927

Households

30,275

Median income

$78,000

Median age

41.1

Daytime population

144,495

5-yr growth

1.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 13011 Lakeshore Drive S Unit# 368, Summerland.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.