4201 Skaha Lake Road,Penticton, BC V2A0K4
Penticton, BC V2A0K4
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 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:13843)
Details
| MLS # | 10390057 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Status | Active |
| Year | 1960 |
| Days On Site | 135 |
| Listing Provided By | Macdonald Realty | Steven Nicholson |
Features
| Acreage | 0.53 |
|---|
Interior
| Cooling | Window air conditioner, Wall unit |
|---|---|
| Heating | Baseboard heaters, Forced air, Electric, See remarks |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Level lot, Private setting |
|---|
Parking
| Parking Total | 19 |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Well |
Taxes
| Tax Annual Amount | 20842.88 |
|---|
Area Information
| Province | BC |
|---|---|
| City | Penticton |
| Postal Code | V2A0K4 |
| Listing VS Median (in V2A0K4) | |
Price: $3,995,000 low | high Med: $0 On site: 135 low | high Med: | |
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Learn More About This Property
| Province | BC |
|---|---|
| City | Penticton |
| Postal Code | V2A0K4 |
| Listing VS Median (in V2A0K4) | |
Price: $3,995,000 low | high Med: $0 On site: 135 low | high Med: | |