2 Bedrooms

1 Bathrooms

970 sqft

$5,600,000

INVESTOR ALERT !! Approximately 46.91 acres consisting of two contiguous improved rural residential properties, inclusive of a leased cherry orchard (approximately 18 acres) and the Peace Valley Mobile Home Park all with in the ALR. The upper portion sits atop Bemrose and Senger road in prestigious South East Kelowna with sweeping vistas of Gallagher’s Canyon, Black Mountain, and a meandering Mission Creek. The two parcels function as one unit with the future potential to bifurcate with a lot line adjustment. The cherry orchard is leased and the potential income from the cherry orchard as a growing concern has not been factored into the market evaluation. There is tremendous potential as the orchard is beginning to mature closer to full production. The current lease expires in 2031. Buyers wishing to take over the existing lease will receive an approximate $200,000 rebate off the sale price. There are 35 rental pads that make up the Peace Valley Mobile Home Park, and on the Senger road portion there is a renovated two-bedroom home with a separate workshop that has a market rental potential of $2,000 per month. Pad rentals information is available upon request. NOTE, future purchasers will be allowed to increase the PAD rent to better reflect the current market rent of approximately $575-to-$600 per month equating to over $20,000 per month of guaranteed income of over $20,000 per month of Pad rent. There is also potential for a panoramic building site for a dream home. (id:59282)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10331362
  Property Type	Agriculture
  Neigbourhood	South East Kelowna
  FarmType	Unknown
  ParkingSpaceTotal	2

• Building

  BathroomTotal	1
  BedroomsTotal	2
  ArchitecturalStyle	Bungalow
  ConstructedDate	1965
  HeatingType	Baseboard Heaters, Other
  RoofMaterial	Asphalt Shingle
  RoofStyle	Unknown
  StoriesTotal	1
  SizeInterior	970 Sqft
  Type	Other
  UtilityWater	Municipal Water, Well

  Parking

  See Remarks
  Detached Garage	2
  Heated Garage
  Oversize

• Land

  Acreage	Yes
  Sewer	Septic Tank
  SizeIrregular	46.91
  SizeTotal	46.91 Ac|10 - 50 Acres
  SizeTotalText	46.91 Ac|10 - 50 Acres
  ZoningType	Unknown

• Rooms

  Level	Type	Length	Width	Dimensions
  Main Level	4pc Bathroom			8'0'' x 5'0''
  Main Level	Bedroom			9'2'' x 9'5''
  Main Level	Primary Bedroom			11'8'' x 11'7''
  Main Level	Living Room			19'7'' x 13'5''
  Main Level	Kitchen			13'7'' x 9'5''