4201 Skaha Lake Road

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:67517)

• Property Details

  MLS® Number	10390057
  Property Type	Hospitality
  Neigbourhood	Main South
  AmenitiesNearBy	Golf Nearby, Airport, Recreation, Shopping
  CommunityFeatures	Family Oriented
  Features	Level Lot, Private Setting
  ParkingSpaceTotal	19

• Building

  ConstructedDate	1960
  CoolingType	Wall Unit, Window Air Conditioner
  HeatingFuel	Electric
  HeatingType	Baseboard Heaters, Forced Air, See Remarks
  Type	Other
  UtilityWater	Well

• Land

  AccessType	Easy Access, Highway Access
  Acreage	No
  LandAmenities	Golf Nearby, Airport, Recreation, Shopping
  LandscapeFeatures	Level
  Sewer	Municipal Sewage System
  SizeIrregular	0.53
  SizeTotal	0.53 Ac|under 1 Acre
  SizeTotalText	0.53 Ac|under 1 Acre

• Rooms
• Utilities