MOBILE HOME PARK NEAVE ROAD POWELL RIVER BRITISH COLUMBIA. Eugen Klein B.Comm(UREC), CRES, ARM, RI, FRI, CCIM, CLO, CIPS

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1 MOBILE HOME PARK For Sale NEAVE ROAD Eugen Klein B.Comm(UREC), CRES, ARM, RI, FRI, CCIM, CLO, CIPS Royal LePage City Centre O F C TF eklein@kleingroup.com

2 PROPERTY SUMMARY < Price $335,000 < Location Neave Road Powell River BC Canada < Park Name Lang Bay Mobile Home Park < Size 1.99 Acres < Number of Pads 6 < Occupancy 100% < PID < Park Assessment (2008) $204,600 < Number of Homes Owned 3 < Pad 4 Assessment (2008) $17,200 < Pad 5 Assessment (2008) $31,500 < Pad 6 Assessment (2008) $29,200 < Capitalization Rate 6.7% INCOME SUMMARY Current Revenue MH $595 MH $570 MH $440 Pad $259 Pad $243 Pad $233 Yearly Total $28,080 Expenses Water $1,739 Septic $200 Repairs (4%) $1,085 Insurance $1,403 Property Taxes $1,193 Net Income (Current) $22,460 Lang Bay Mobile Home Park is a rare investment opportunity. This opportunity is ideal for an investor looking to live locally, enjoy the exceptional lifestyle and natural setting of Powell River. There is ample value-add here on rents, improvements and in selling newer homes. Pacific Coastal Airlines connects to Powell River 5 times a day with a 25 minute Vancouver flight. Disclaimer: The information contained herein has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

3 POWELL RIVER Powell River (population: 12,957) is located on the Upper Sunshine Coast. The region, boasting one of Canada s most temperate climates, is a land of sparkling lakes, hidden inlets, rustic islands, crystal-clear ocean waters and rugged mountains. This region is a haven for outdoor pursuits that include diving, swimming and kayaking (in world-renowned Desolation Sound), as well as hiking, mountain biking and rock climbing. the Tla Amin (Sliammon) First Nation, which is reflected in its artwork and culture, found throughout the region. aspx?page=community&pcommunityid=478 There are an abundance of provincial and regional parks to choose from in the Powell River area. The area s crown jewel, Desolation Sound Marine Provincial Park is accessible by air or water only. This spectacular park is internationally renowned for its crystal-clear cruising and kayaking waters as well as numerous islands, bays and coves. Visitors share the area with whales, sea lions, seals, porpoises and dolphins. Powell River has a rich, artistic legacy, as evidenced by its many artists studios and galleries. Watch for purple banners all along the Sunshine Coast. Many local artists of all kinds fly one outside their studio to indicate to the public that they are welcome to come in (sometimes by appointment) to purchase products or browse. There is also a long and vibrant history of

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