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Dunston Village MH Park Autumnwood & Maplewood Cres, Morden, MB. R6M 1V5

Property Detail

Type Mobile Park Location Manitoba City/Town Morden Price $2,980,000 Land Base 16.55 acres +/- acres Cap Rate 6.5% Pads 94 Topography Level Expansion No Residence No Age 35 years Taxes $18,331 (2020) Zoning RMH (Residential-Mobile Home Park) Vacancy Zero Pad Rents $236/mo. Average (plus $54/mo. for city fees as flow through) Gross Income $328,248 Net Income $188,466 Financing Assumable loan of $1,484,000 @ 2.45% (floating with prime)

Property Description

Area Information:

Morden is a city located in the Pembina Valley region of southern Manitoba, Canada near the United States border. It is about 11 km west of the neighbouring city of Winkler. Morden is the eighth largest city in Manitoba.

The Property:
The property consists of 2 titles for a total of 16.55+/- acres. One parcel is 15.02 acres the other which is mainly the streets, is 1.55+/- acres. It is all level property. There are 94 pads and no vacancies. All mobile homes are owned by the tenants. The park is in excellent condition and improving each year as trees mature.

Electrical:
The park has 200-amp service to each home.

Equipment:
There is no equipment included.

Services:
The park is on city water and sewer, underground hydro and natural gas. Cable TV, garbage pickup, paved streets, street lighting. Each tenant is billed directly from the town for all utilities except water & sewer.

City Fees:
The city of Morden bills the property taxes for each mobile on a monthly basis to the owner who then passes it on to the tenants are part of their monthly pad rent payment.

Management:
Park is self-managed by the owner, but a caretaker lives on site for common area mowing and general maintenance. He also pays rent. His wages include use of a vehicle. Caretaker does not deal with rents or leases.

Rents:
Majority of tenants pay with Pre-Authorized Debit, the remaining with e-transfer.

Zoning:
(MHP – Residential-Mobile Home Park)

Property Features

City Water & Sewer
Septic
Lagoon
Treatment Plant
Natural Gas
Oil
Hydro
Propane
Cable TV
Garbage Pickup
Street Lights
Paved Streets
Gravel Streets
UG Telephone
UG Electrical
Well Water
Laundry
Fire Hydrants

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Contact Agent

Harry Jesse
hjesse@mobileparks.com
1-888-251-2822
1-604-302-3771
Harry Jesse
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Useful Links

  • Mobile Home Park Owners Association
  • MHP Tenancy Act
  • Manufactured Housing Association of BC

Contact Info

 #360 - 3033 Immel St, Abbotsford, BC, Canada V2S 6S2
 1-604-302-3771
 hjesse@mobileparks.com
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