Property
Type, style and structure
- Type
- commercial
- Style
- hospitality / Hospitality
- Year Built
- 1960
+45 more
0.53 ac
Lot
1960
Year Built
19
Parking
Property Snapshot
Key details for this listing
MLS #10390057
Lot
Land, frontage and setting
- Lot
- 0.53 ac - 0.53
Costs
Price, taxes and monthly charges
- List Price
- $3,995,000
About This Property
This hospitality in Penticton offers a 0.53 ac lot. Built in 1960. The property has lot dimensions of 0.53. The home features baseboard heaters, forced air, electric, see remarks heating, window air conditioner, wall unit.
MLS Remarks
This premier boutique all suite room motel and Nordic Spa represents a rare investment and lifestyle opportunity with direct proximity to Skaha Lake’s popular beachfront. Located at 4201 Skaha Lake Road in Penticton, the property offers convenient guest underpass access to Barefoot's private beach, positioning it as a turnkey operation in one of the Okanagan Valley’s most desirable tourist and recreational destinations. The improvements consist of 16 well-appointed guest suites plus managers suite, many featuring full kitchens, modern appliances, premium bedding, and private balconies or patios, alongside a Nordic Spa component that enhances the guest experience with wellness amenities. The NEW listing price reflects a competitive and well-supported offering that delivers an attractive going-in cap rate in the mid-to-upper 7% range (based on current normalized trailing NOI performance), which is compelling relative to broader Okanagan and BC motel/hospitality benchmarks. This provides investors with solid cash-on-cash returns alongside meaningful upside from further operational efficiencies, spa expansion, or repositioning in a market where quality lakeside product remains scarce. (id:60351)
Full Listing Details
Address4201 SKAHA LAKE Road
MLS#10390057
Listing StatusActive
Property TypeCommercial
Sub-TypeHospitality
TransactionSale
Days on Market135
Annual Tax$20,843
Parking19
Structure TypeOther
StyleHospitality
Year Built1960
CityPenticton
ProvinceBritish Columbia
Postal CodeV2A0K4
Lot Size0.53 ac
Lot Dimensions0.53
Lot FeaturesLevel lot, Private setting
Total Parking19
HeatingBaseboard heaters, Forced air, Electric, See remarks
CoolingWindow air conditioner, Wall unit
CommunityFamily Oriented
SewerMunicipal sewage system
Water SourceWell
Annual Tax$20,843
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