Penticton mobile home park for sale for $15 million
The 93-unit Whitewater Mobile Home Park in Penticton is listed for sale for $14.9 million.
It’s located at 3245 Paris St. between Okanagan and Skaha Lakes on an irregular shaped 10.27-acre parcel.
“The park benefits from all the amenities of the City of Penticton, including shopping, schools, parks and recreational facilities,” the listing by HM Commercial Realty says. “Peachtree Mall and Walmart are a few blocks away, as is Cherry Lane Shopping Centre, with Save-On-Foods, London Drugs and The Bay.”
Being within the City of Penticton it is on municipal services, which makes it suitable for redevelopment.
READ MORE: Not all Central Okanagan trailer park sales mean loss of affordable housing
The listing says the city would support conversion to four or more storeys of residential housing on the property.
If it is redeveloped, the owner has to follow rules laid out in the provincial Manufactured Home Park Tenancy Act which includes one year’s notice of closure.
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