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:4069)
Address
4201 SKAHA LAKE Road
List Price
$4,495,000
Property Type
Hospitality
Type of Dwelling
Other
Transaction Type
Sale
Area
British Columbia
Sub-Area
Penticton
Lot Size
0.53 Sq. Ft.
Year Built
1960
MLS® Number
10390057
Listing Brokerage
Macdonald Realty
Postal Code
V2A0K4
Parking Places (Total)
19
Site Influences
Golf Nearby, Airport, Recreation, Shopping
Features
Level lot, Private setting
Community Features
Family Oriented
Heat Source
Electric
Heat Type
Baseboard heaters, Forced air, See remarks
Cooling Features
Wall unit, Window air conditioner
Water Source
Well
Access To Property
Easy access, Highway access
Sewer
Municipal sewage system
