8778 PALMER PL Summerland, British Columbia Summerland MLS# 176103

$ 775,000
  • 5 Bed
  • 4 Bath
  • 2597 sqft

Description

Fantastic investment opportunity on this new home in Summerland with a legal one bedroom suite. The main house is leased at $2500/month, and the suite at $950/month generating $3450 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. Main floor features open concept living, a large kitchen, solid wood cabinets with soft close hardware, LED pot lights and large windows to allow plenty of natural light. Engineered hardwood, upgraded carpets, gas fireplace,the list goes on and on. 4 bedrooms, 3 bathrooms in the main house plus the one bedroom suite, peace of mind provided with the 2/5/10 new home warranty and hiking trails right outside your doors. Take advantage of over 50K in savings using the reduced interest rates,GST included. Seller will consider taking other properties in trade. (id:22688)

Overview

Lot Size7040 sqft acres
Year Built2018
NeighbourhoodSummerland
Property TypeResidential
Ownership TypeFreehold
Style1.5
Finished Area2597 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.