$3,995,000

4201 SKAHA LAKE Road, Penticton

Main South, Penticton, BC V2A0K4

Commercial

Listed by Macdonald Realty

About this property

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:67417)

Property details

Price

$3,995,000

MLS® number

10390057

Property type

Commercial · Other · Hospitality

Lot size

0.53 acres · 0.53

Year built

1960

Parking spaces

19

Annual taxes

$20,843

Community

Main South, Penticton

Features

Heating

Baseboard heaters, Forced air, Electric, See remarks

Cooling

Window air conditioner, Wall unit

Community

Family Oriented

Lot

Level lot, Private setting

Water

Well

Sewer

Municipal sewage system

View on map