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Unique investment and redevelopment opportunity offered as a 100% share sale. Situated on approximately 1.611 acres, this two-storey property was built in 1985 and includes 9 accommodation units, a lounge, swimming pool and 2 hot tubs, currently not operational. The property also features spacious manager’s living quarters with 3 bedrooms and 2 bathrooms, plus a living room and kitchenette. Additional space includes a large game/party room. Kitchenette accommodation is currently rented for approximately $1,200 per month. The business is currently closed and the property requires a full renovation, creating an opportunity to reposition or redevelop the property. Potential uses may include a wellness centre, massage or yoga retreat, boutique hotel, short-term accommodation/Airbnb concept, or other hospitality-related use, subject to zoning and applicable approvals. No financial statements are available. Estate sale.
Highlights
- Sold as a 100% share sale on about 1.611 acres, per the listing.
- The property includes 9 accommodation units, a lounge, a swimming pool and 2 hot tubs, per the listing.
- Manager's quarters have 3 bedrooms, 2 bathrooms, a living room and a kitchenette.
- Lake Osoyoos is 140 m away and Swiws Park is 800 m away.
Things to check
- Ask for financial statements, as the listing says none are available.
- Ask the City whether zoning and approvals allow the hospitality uses named in the listing.
- The pool and both hot tubs are listed as not operational, so ask for repair costs and their current condition.
- South Okanagan General Hospital is 18.7 km away, so ask about travel time for guests and staff.
Sean Phillips’s notes from the listing and public information. Not part of the MLS® listing. Please confirm anything important.
Overall neighbourhood score 9.3 / 10; walk & bike score 7.5 / 10, from how close the nearest school, park or trail, rec centre and town centre are. Scores and distances are Sean Phillips’s own straight-line measures from this home to public B.C. map data. They are not part of the MLS® listing; driving distances are longer, so please check anything that matters to you.
- Price
- $3,200,000
- MLS® number
- 10403470
- Property type
- Single-family home
- Ownership
- Freehold
- Community
- Osoyoos, Osoyoos
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