CORRECTION: Summerland waterfront RV park deal fell through, says broker - InfoNews

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CORRECTION: Summerland waterfront RV park deal fell through, says broker

The Summerland Beach RV and Campground, along with some adjacent agricultural land, recently sold for $8 million.
October 16, 2018 - 11:02 AM

SUMMERLAND - A waterfront RV park, along with some adjacent agricultural land, that listed as sold on a popular commercial real estate website was erroneous, says the real estate firm involved in the transaction.

MacDonald Realty Kelowna Managing Broker Don Gerein said in a telephone conversation today, Oct. 17, the deal fell through at the last minute. He could not say why, due to confidentiality reasons, but did say the deal was part of a larger, more complex transaction.

The sale has apparently been listed erroneously as a "done deal' in the Western Investor, since July. 

B.C. Assessment put a value of $3,129,700 on the property in 2017.

Summerland Beach RV and Campground has 107 sites along with a clubhouse and beach access.

- This story was correct at 3:50 p.m. Oct. 17 after confirming information provided by readers about the deal's collapse.

To contact a reporter for this story, email Steve Arstad or call 250-488-3065 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

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