4201 Skaha Lake Road Penticton, British Columbia V2A 0K4
$4,495,000
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:36541)
Property Details
| MLS® Number | 10390057 |
| Property Type | Hospitality |
| Neigbourhood | Main South |
| Amenities Near By | Golf Nearby, Airport, Recreation, Shopping |
| Community Features | Family Oriented |
| Features | Level Lot, Private Setting |
| Parking Space Total | 19 |
Building
| Constructed Date | 1960 |
| Cooling Type | Wall Unit, Window Air Conditioner |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Forced Air, See Remarks |
| Type | Other |
| Utility Water | Well |
Land
| Access Type | Easy Access, Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Airport, Recreation, Shopping |
| Landscape Features | Level |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.53 |
| Size Total | 0.53 Ac|under 1 Acre |
| Size Total Text | 0.53 Ac|under 1 Acre |
https://www.realtor.ca/real-estate/29897650/4201-skaha-lake-road-penticton-main-south
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2700 Richter St
Kelowna, British Columbia V1Y 2R5
(250) 860-4300
(250) 860-1600
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June 12 2026 08:04:15
Okanagan-Mainline Real Estate Board
Macdonald Realty