Area: British Columbia
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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:44056)

Property Details

Full Address:
4201 SKAHA LAKE Road, Penticton, British Columbia
Price:
$ 4,495,000
MLS Number:
10390057
List Date:
June 12th, 2026
Neighbourhood:
Main South
Lot Size:
0.53 ac
Year Built:
1960
Taxes:
$ 20,843

Interior Features

Air Conditioning:
Window air conditioner, Wall unit
Heating:
Baseboard heaters, Forced air, Electric, See remarks

Building Features

Sewer:
Municipal sewage system
Water:
Well
Garage Spaces:
19
Taxes:
$ 20,843

Floors

Land

Lot Size:
0.53 ac

Neighbourhood Features

Amenities Nearby:
Family Oriented

Ratings

Commercial Info

Neighbourhood Details

Location

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Steven Nicholson Macdonald Realty
 250-212-2010
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Listing Agent(s)

Listing: Steven Nicholson
Macdonald Realty

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