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Mobile Home Park

Midway Mobile Home & RV Park

925 Thirteenth Avenue, Midway, BC, Midway, BC V0H 1M0

Listing Price: $1,650,000

Cap Rate
10.02%
Number of Spaces
35
Lot Size
5.00 acres
Occupancy
100.0%
Price/Space
$47,143
Spaces/Acre
7.00
Year Built
1975

Investment Overview

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Midway Mobile Home & RV Park, a well-maintained 35-unit manufactured housing and RV community situated on approximately five acres in British Columbia’s picturesque Boundary Region. The Property consists of 23 manufactured home pads, 11 RV sites, and a renovated two-storey residence, creating a diversified income stream from both long-term residential tenancy and RV accommodation. The Property is fully serviced with municipal water, sewer, garbage, and recycling services, providing operational efficiencies and reducing infrastructure management responsibilities.

Designated as a 55+ community, the Property benefits from a stable resident profile and strong long-term tenancy from homeowner residents. Ownership has invested significantly in maintaining and improving the Park, with approximately $110,000 in capital expenditures completed over the last three years. Improvements include electrical upgrades throughout the property, expansion of 50-amp RV services, upgraded water infrastructure, replacement of older homes with newer units, extensive tree management, and improvements to ancillary buildings and site infrastructure. These investments position the Property for continued stable operations while offering investors future revenue growth opportunities.

Midway Mobile Home & RV Park offers investors a rare opportunity to acquire a stabilized manufactured housing community with demonstrated pride of ownership and meaningful upside potential in one of British Columbia’s most scenic recreational corridors.

Investment Highlights

  • A designated senior-oriented community consisting of 23 manufactured home pads occupied primarily by long-term residents.
  • Several RV sites offer flexibility for long-term occupancy, seasonal accommodation, or tourism-related rentals.
  • Income is generated from manufactured home pads, RV sites, a renovated detached residence, and occupied storage units.
  • Ownership has invested approximately $110,000 into the Property over the last three years, including electrical upgrades, RV infrastructure expansion, water service improvements, tree management, and site-wide maintenance initiatives.
  • The Property includes a renovated 1,548-square-foot two-storey residence that offers flexibility for owner occupation, onsite management, or supplemental rental income. Recent improvements include new windows, insulation upgrades, flooring, appliances, interior and exterior paint, and natural gas heating.
  • Unlike many rural manufactured housing communities, the Property benefits from municipal water and sewer services in addition to municipal garbage and recycling collection, providing long-term operational advantages and reducing capital replacement exposure.

Exclusively Listed By

Mobile Home Park

Midway Mobile Home & RV Park

Listing Price: $1,650,000

Cap Rate
10.02%
Number of Spaces
35
Lot Size
5.00 acres
Occupancy
100.0%
Price/Space
$47,143
Spaces/Acre
7.00
Year Built
1975

Investment Highlights

  • A designated senior-oriented community consisting of 23 manufactured home pads occupied primarily by long-term residents.
  • Several RV sites offer flexibility for long-term occupancy, seasonal accommodation, or tourism-related rentals.
  • Income is generated from manufactured home pads, RV sites, a renovated detached residence, and occupied storage units.
  • Ownership has invested approximately $110,000 into the Property over the last three years, including electrical upgrades, RV infrastructure expansion, water service improvements, tree management, and site-wide maintenance initiatives.
  • The Property includes a renovated 1,548-square-foot two-storey residence that offers flexibility for owner occupation, onsite management, or supplemental rental income. Recent improvements include new windows, insulation upgrades, flooring, appliances, interior and exterior paint, and natural gas heating.
  • Unlike many rural manufactured housing communities, the Property benefits from municipal water and sewer services in addition to municipal garbage and recycling collection, providing long-term operational advantages and reducing capital replacement exposure.

Investment Overview

The McEvay Blair Multifamily Group of Marcus & Millichap is pleased to present the opportunity to acquire Midway Mobile Home & RV Park, a well-maintained 35-unit manufactured housing and RV community situated on approximately five acres in British Columbia’s picturesque Boundary Region. The Property consists of 23 manufactured home pads, 11 RV sites, and a renovated two-storey residence, creating a diversified income stream from both long-term residential tenancy and RV accommodation. The Property is fully serviced with municipal water, sewer, garbage, and recycling services, providing operational efficiencies and reducing infrastructure management responsibilities. Designated as a 55+ community, the Property benefits from a stable resident profile and strong long-term tenancy from homeowner residents. Ownership has invested significantly in maintaining and improving the Park, with approximately $110,000 in capital expenditures completed over the last three years. Improvements include electrical upgrades throughout the property, expansion of 50-amp RV services, upgraded water infrastructure, replacement of older homes with newer units, extensive tree management, and improvements to ancillary buildings and site infrastructure. These investments position the Property for continued stable operations while offering investors future revenue growth opportunities. Midway Mobile Home & RV Park offers investors a rare opportunity to acquire a stabilized manufactured housing community with demonstrated pride of ownership and meaningful upside potential in one of British Columbia’s most scenic recreational corridors.

Exclusively Listed By

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