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$ 4,495,000
Est. payment /mo
New
4201 SKAHA LAKE Road Penticton, BC V2A0K4
0.53 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Main South
MLS® Listing ID 10390057
Year Built 1960
Lot Size 0.530 Acres
Acres 0.53
Property Description
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 listing price reflects a competitive and well-supported offering that delivers an attractive going-in cap rate in the mid-to-upper 8% range (based on current stabilized 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:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, , Forced air, See remarks
Cooling Wall unit, Window air conditioner
Exterior
Parking Features No
Community Features Family Oriented
View Y/N No
Attached Garage No
Total Parking Spaces 19
Garage No
Private Pool No
Building
Lot Description Level
Sewer Municipal sewage system
Listed by Macdonald Realty
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