50
See all 50 photos
$4,495,000
Est. payment /mo
0.53 Acres Lot
Active
4201 SKAHA LAKE Road Penticton, BC V2A0K4
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
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
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION
QUICK SEARCH
- Homes For Sale in West Kelowna, BC
- Homes For Sale in West Kelowna Estates
- Homes For Sale in Lakeview Heights
- Homes For Sale in Shannon Lake
- Homes For Sale in Smith Creek
- Homes For Sale in Westbank Centre
- Homes For Sale in Kelowna, BC
- Homes For Sale in Downtown Kelowna
- Homes For Sale in The Lower Mission
- Homes For Sale in The Upper Mission
- Homes For Sale in Glenmore
- Homes For Sale in Wilden
- Homes For Sale in Lake Country, BC
- Homes For Sale in Peachland, BC
- Homes For Sale in Fintry, BC