Hospitality for Sale — Summerland Rural, Summerland, BC
$7,950,000
6203 Willow Avenue, Summerland, BC V0H1Z4
Property details
Structured details
- Ownership
- Freehold
- Annual property tax
- $51,072
- Lot dimensions
- 1.37
- Structure type
- Other
- Parcel ID (PID)
- 031-662-277
- Water source
- Municipal water
- Sewer
- Municipal sewage system
Listing Information
- MLS®
- 10395303
- Listed
- July 21, 2026
- Time on market
- 55 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
A rare opportunity to acquire two adjacent Okanagan income properties on separate titles, offered together as one portfolio. Both sit in the Trout Creek area of Summerland, walking distance to Okanagan Lake and minutes from downtown, beaches, wineries, orchards and golf. SunOka Apartments is a 25-unit multifamily complex of two buildings built in 2008, each two storeys. It contains nine one-bedroom suites and sixteen studio suites, several one-bedrooms. Every suite has a balcony or patio, and the site includes two EV charging stations. The complex is pet friendly and typically fully rented. With no interior common areas, ongoing maintenance is minimal. The Summerland Motel, directly adjacent, is a well-established 31-unit motel fronting Highway 97, with 9 units featuring kitchen facilities. It offers a beautiful courtyard with swimming pool, guest laundry and highway signage. A single-storey attached portion was fully renovated in 2021 with new roof, new siding and refreshed interiors. Held within a single company and offered as a share sale. Owners are nearing retirement and ready to sell. Call your agent! (id:63159)
Financing calculator
Estimate your monthly payment on the $7,950,000 asking price.
Financing details
- Monthly debt service
- $77,164
- Cash required at close
- $1,615,000
- 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
Parks (1)
- Powell Beach Park661m
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 $7,950,000.
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 14, 2026.