8738 PALMER PL Summerland, British Columbia Summerland MLS# 176099

$ 875,000
  • 7 Bed
  • 4 Bath
  • 3241 sqft

Description

Fantastic investment opportunity on this new home in Summerland with a legal two bedroom suite. The main house is leased at $4000/month, and the suite at $1450/month generating $5450 per month in revenue creating a positive monthly cash flow no matter what the down payment. Attractive financing options available through the Summerland Credit Union offering 1.9% on a 3 yr term, or 2.4% on a 5 yr term which only increases the savings. Quality throughout with engineered hardwood floors, quartz counters, solid wood cabinets, upgraded carpet and all secured with a 2/5/10 new home warranty. Beautiful views from the deck, a tiered yard providing room to run around. Located under majestic Giant’s Head Mountain, close proximity to the Unisus School and no shortage of hiking trails out your back door. Take advantage of almost 60K in savings using the reduced interest rates being offered, GST included. Seller will also consider taking other properties in trade. (id:22688)

Overview

Lot Size10540 sqft acres
Year Built2018
NeighbourhoodSummerland
Property TypeResidential
Ownership TypeFreehold
Style1.5
Finished Area3241 sq. ft.
BasementFull (Finished)
WaterMunicipal water
SewerMunicipal sewage system
HeatingNatural gas
FireplaceConventional Gas
Listing Office:ROYAL LEPAGE LOCATIONS WEST

Features

ViewMountain view

Location

The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.