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Powell Heights Mobile Home Park 7520 Nootka St, Powell River, BC

Property Detail

Status Active Price $2,400,000 Land Base 62 acres (sub-dividable) acres Cap Rate 6.5% (Park Only) Including all land overall Cap Rate of 2.2% Pads 20 Topography Level Expansion Yes (subdividable) Residence No Age 27 years Taxes $6,209 (2019) Zoning (Mobile Home Park & Residential) Vacancy Zero Pad Rents $365/month (average) includes water, sewer & garbage Gross Income $87,600 (2020) Net Income $51,635 (2020) Financing Seller will carry $1,000,000 at 8%. (term negotiable)

Property Description

Location & Description:

Powell Heights Mobile Home Park is in Electoral Area B in rural Powell River, BC and consists of 20 mobile home pads and situated on 62 rural acres. Area B: Covers the area southeast of the city boundary to Whalen Road and includes Paradise Valley and properties outside the city on Nootka, Covey and Tanner Streets.

Zoning:

Zoned Mobile Home & Residential.

Allows land use parcels of minimum (1) one hectare or 2.47 acres. See bylaw 321 next page.

Expansion and Subdivision:

The 20-pad park takes up 3 acres and the remaining 59 acres has recently been granted the zoning and permission to subdivide. Details on the subdivision rules to follow shortly. 100% of the land is usable with no waterways of interference.

Management:

Owner is self-managing the park with one part-time helper.

Services:

Water is provided by 2 wells of which only one is needed. In excess of 50 gallons per minute.

Sewage is provided by 2 main septic tanks and distribution fields.

Natural gas, hydro, cable TV and garbage pickup is also provided.

Ferry Service to Powell River:

From Horseshoe Bay ferry terminal in North Vancouver you take the ferry to Langdale then a 1 ½ drive to Earls Cove, then a short ferry ride to Powell River. Total travel time of 4 hrs.

Regional District of Powell River website: https://www.qathet.ca/

 

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
 1-888-251-2822
 hjesse@mobileparks.com
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