4201 SKAHA LAKE Road
Penticton, British Columbia
MLS® 10390057
$4,495,000
- Status
- Active
- Property type
- Hospitality
- MLS® number
- 10390057
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1960
1 / 50Listing 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.
Property summary
- MLS® number
- 10390057
- Property type
- Hospitality
- Building type
- Other
- Land size
- 0.53 acres
- Built in
- 1960
- Annual property taxes
- $20,842.88
- Parking
- 19 spaces
- Days on market
- 78 days
Features & details
- Heating
- Baseboard heaters, Forced air, Electric, See remarks
- Cooling
- Window air conditioner, Wall unit
- Lot features
- Level lot, Private setting
- Community features
- Family Oriented
What would this home cost you?
Based on the $4,495,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Macdonald Realty, Kelowna.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.