Retail for Sale — Main Town, Summerland, BC
$949,900
10122/24 MAIN Street, Summerland, BC V0H1Z0
Property details
Structured details
- Lot dimensions
- 0.18
- Structure type
- Retail
- Parcel ID (PID)
- 012-179-353
- Parking
- 4 spaces
- Utilities
- Water, Sewer, Natural Gas, Electricity
- Water source
- Municipal water
- Sewer
- Municipal sewage system
- Heating
- Forced air, Electric, See remarks
- Cooling
- Central air conditioning
- Roof
- Unknown, Metal, Unknown
- Exterior
- Stucco, Other
- Community features
- High Traffic Area
Listing Information
- MLS®
- 10396945
- Listed
- August 6, 2026
- Time on market
- 39 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Held in the family for over 50 years, these two commercial buildings situated on Main Street in downtown Summerland are being sold as a package! This investment opportunity consists of four retail/service leases with the current gross revenue of $87,480 (plus GST) on an annual basis and excellent tenants in place that would like to do business for the long term. Approximately 65 feet of prime Main Street frontage and zoning that allows for multiple uses including residential above for future re-development. Phase 1 Environmental Report has been completed. The Seller may carry financing, see the listing agent for more information. (id:63159)
Financing calculator
Estimate your monthly payment on the $949,900 asking price.
Financing details
- Monthly debt service
- $9,220
- Cash required at close
- $214,980
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Summerland)
- Population
- 12,042(+3.7% since 2016)
- Population density
- 162.6/km²
- Median household income
- $82,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 20.9%
- Postsecondary below bachelor's
- 36.0%
- High school diploma
- 29.6%
- No certificate/diploma
- 13.4%
Population aged 15 and over.
Commute
- Car, truck or van
- 88.2%
- Public transit
- 0.4%
- Walked
- 7.2%
- Bicycle
- 1.1%
- Other
- 3.0%
Commute duration
- Under 15 min
- 43.5%
- 15–29 min
- 36.7%
- 30–44 min
- 10.7%
- 45–59 min
- 5.0%
- 60+ min
- 4.1%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (2)
- Zias Stonehouse · 14015 Rosedale Avenue668m
- Unnamed686m
Cafes (2)
- The Beanery Cafe · 13016 Victoria Road North39m
- Sunflower Café · 13229 Victoria Road North168m
Grocery (1)
- Nesters Market · 13604 Victoria Road North271m
Parks (5+)
- Memorial Park177m
- Unnamed218m
- Summerland Museum Park357m
- Unnamed450m
- Unnamed470m
Gyms (1)
- Summerland Aquatic and Fitness Centre · 13205 Kelly Avenue238m
Pharmacies (2)
- Shoppers Drug Mart281m
- Pharmasave335m
Banks & ATMs (1)
- Cascadia Credit Union · 13601 Victoria Road North220m
Nearby places data: © OpenStreetMap contributors.
Other commercial property types for sale in Summerland
Frequently asked questions
What is the asking price for this business?
The asking price is $949,900.
Where is this business located?
This listing is located in Summerland, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.