CORRECTION: Summerland waterfront RV park deal fell through, says broker | iNFOnews | Thompson-Okanagan's News Source

Current Conditions

8.6°C

Penticton News

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.
Image Credit: GOOGLE STREET VIEW
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.

We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above. 

News from © iNFOnews, 2018
iNFOnews

  • Popular vernon News
View Site in: Desktop | Mobile