William Wright Commercial and the CBRE National Apartment Group – BC are pleased to present the unique opportunity to acquire 2107 Tait Street (Summerland Motel) & 6203 Willow Avenue (Sunoka Apartments), a combined Motel and Apartment investment opportunity in Summerland, BC.

The Summerland Motel consists of 31-suites including multiple suites with kitchens and kitchenettes and is located along Highway 97. The property is extremely well kept and includes an outdoor pool and courtyard area for guests to enjoy. The property is located just minutes from Downtown Summerland and walking distance to Okanagan Lake. New Airbnb policies are expected to boost demand for motel business.

The Sunoka Apartments include 25-suites in 2-separate buildings. The property was developed by the current owners in 2008 and have been fully leased for a majority of this timeframe with healthy market turnover which has assisted the building in achieving strong growth in rental income. The location of the property along with the limited amount of rental competition in Summerland make this one of the most sought-after investment opportunities in the area.

This is a rare multi-use investment opportunity to acquire a diversified cash flowing asset in an exceptional market with limited competing product. Further detailed information on this excellent opportunity can be acquired by signing a Confidentiality Agreement and connecting with our team.

Investment Highlights

• Multiple Revenue Streams: 31-suite motel and 25-suite apartment building providing multiple stable revenue streams
• Unique Opportunity: Great for hotel operators looking to add to their portfolio and/or entrepreneurs looking for business opportunities with secure and stable income
• Fully Tenanted Apartment Building: At the time of listing, the apartment building is fully rented with a waiting list
• Limited Competition: Summerland has very limited supply of rental buildings making this one of the most desirable buildings in the city
• Low Maintenance Costs: The buildings have no common areas resulting in very low maintenance costs and the Sunoka Apartments was constructed in 2008 and its newer vintage allows for limited capex requirements in comparison to that of an older building
• Rental & Motel Rate Upside: The Okanagan Valley and Summerland have seen consistent rental and accommodation rate increases over the past 5+ years
• Future Land Value: The future land use of the two sites is Tourist Commercial and High Density Residential which allows for additional density and therefore increased future land value

Summerland is a picturesque town located in the southern interior of British Columbia. Situated along the shores of Okanagan Lake, it is part of the Okanagan Valley, renowned for its stunning landscapes, vineyards, and orchards. Summerland is located on the western shore of Okanagan Lake between Kelowna and Penticton, providing residents and visitors with beautiful waterfront views and recreational opportunities. The climate is very desirable with warm sunny summers and relatively mild winters, making it an attractive destination for vacation goers and residents. Summerland has a friendly and welcoming small-town atmosphere, with a close-knit community that loves to celebrate its agricultural heritage which can mostly notably be seen by the local fruit stands, markets and wineries.

The subject properties are located along Highway 97 and Tait Street which is considered Trout Creek (a charming community in South Summerland). The subject properties have great visibility and exposure along Hwy 97, which cannot be missed when driving by. Countless amenities are located in the heart of Summerland which is a short 3-minute drive away. Additional recreational opportunities and sites are located within driving distance such as beach access to Lake Okanagan, Summerland Golf and Country Club, Kettle Valley Steam Railway, and countless parks and trails.