Discover a prime investment opportunity with the Pinewood Mobile Home Park, a well-established 1.49-acre property located in the picturesque town of Golden, BC. This 19-pad mobile home park is ideally situated between the Trans Canada Highway, and renowned Kicking Horse Resort and the scenic Golden Golf Club, both of which offer a wealth of recreational activities year-round. As an absent owner investment property, Pinewood MHP boasts a reliable income stream from full-time residents, ensuring consistent cash flow with a promising 5.9% cap rate. Moreover, there is significant potential for growth. With current pad rents below market rates, savvy investors can capitalize on the opportunity to adjust rents in line with market trends. Additionally, the space offers the potential to add a seasonal RV site, further enhancing the revenue potential of this already lucrative property. Embrace the chance to own a piece of Golden’s vibrant community while enjoying the benefits of a solid investment. Pinewood Mobile Home Park is not just a financial asset; it’s an opportunity to be part of a thriving area rich in outdoor activities nestled amidst three stunning mountain ranges. Don’t miss out on this unique chance to invest in your future! (id:4069)
Address
1409 11th Avenue N
List Price
$1,299,900
Property Type
Other
Type of Dwelling
Other
Area
British Columbia
Sub-Area
Golden
Lot Size
1.49 Ac.
MLS® Number
10345169
Listing Brokerage
RE/MAX of Golden
Postal Code
V0A1H2
Site Influences
Golf Nearby, Recreation, Ski area
Features
Level lot
