For Sale · Land

17547 Sanborn Street, Summerland

17547 Sanborn Street, Summerland, BC V0H1Z3

$407,500 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

99%

Lot Size

0.32 ac

About this property

Overlooking orchards & vineyards with beautiful, protected lake views, this fully serviced lot is ready for a building permit…when YOU are ready to start. No time limit is imposed on this dream home FLAT lot at Hunters Hill in Summerland. This non-strata lot at 17547 Sanborn St offers the opportunity to create a home in an established community designed around an exceptional outdoor lifestyle. Hunters Hill preservation areas bring a sense of space and nature right out your door, while the community’s elevated setting captures the character of the Okanagan landscape. A 9-hole golf course is nearby, and of course walking, hiking, and biking trails. Something special about an e-bike tour with friends along quiet country roads to stop in for wine tastings, snacks, and seasonal swims on one of the many (uncrowded) Summerland beaches. Summerland presents the best of small-town living with quick access to Penticton and Kelowna if you really must visit box stores instead of the mom & pop roadside vegetable stands, fruit stands and kids lemonade stands that make Summerland home. Summer days are well earned, boating, swimming or paddleboarding on Okanagan Lake, Bottleneck Drive wine tasting route. Call an expert to learn more! Contact listing agent direct for all details. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$408K
Down payment30% · $122K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$23K

Annual cash flow

$626

Cash-on-cash

0.51%

DSCR

1.03

Going-in cap

5.69%

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

100,958

Households

36,497

Median income

$88,500

Median age

45.3

Daytime population

101,303

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for 17547 Sanborn Street, 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.