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Mission Mobile Home Park 34519 Lougheed Hwy, Mission, BC V2V 6N7

Property Detail

Type Mobile Park Status Sold Location British Columbia City/Town Mission Price $2,950,000 Land Base 3.2 acres acres Bedrooms 4 Cap Rate 5.2% Pads 22 mobile home pads plus house, cabin & shop Topography Sloping Expansion No Residence Yes. Two level 4-bedroom house (2300 sq. ft.) Age Built in 1976 Taxes $13,076 Zoning MMP (Mobile Home Park) - OCP-Tourist Commercial Vacancy Zero (0) Pad Rents $470-575/month (Mobiles), House $2,250/mo Gross Income $199,400 Net Income $153,673 Financing Buyer to arrange his own new financing

Property Description

Location & Description:

Mission Mobile Home Park is in Mission BC about 1hr 15 minutes east of Vancouver BC. It consists of 22 mobile home pads, 1 two level house, 1 cabin and 1 shop on 3.2 acres.

Park Owned Homes:

There are 6 park-owned mobile homes included in this offering. MH Registry # available.
See Rent Roll on following pages. Most homes sell in the $40K – $100K range depending on size and renovation updates.

Revenue:
All mobiles, house, shop and cabin are fully rented year-round. Years 2017-2019 had some vacancies in the park owned homes during renovations. Twelve (12) months of revenue were lost. Now all homes are fully rented with renters waiting in line.

Rent Collection:

Rent is collected by 12 posted dated cheques. Only 3 are cash but be changed to posted dated.

Expansion and Subdivision:

Park is fully expanded. This location has Hwy frontage with southern views and could eventually be ideal for sloping hillside condos overlooking the Fraser River and towards Mt. Baker. To be confirmed by visit to Mission City Hall.

Management:

Owner is self-managing the park and will retire after the sale. New management must be arranged.

Services:

Municipal Water. Sewer is by 8 septic tanks. Municipal Sewer is available at the street.

Hydro was all newly replaced throughout the park for 2016-2020 at a cost of $200,000. Garbage pickup is provided by the park. Rot Pots are provided by Mission Municipality.

Mission City Hall website: https://www.mission.ca/

Mission City Web Map: https://map.mission.ca/Html5Viewer/?Viewer=External

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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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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