4201 Skaha Lake Road

Price$ 4,495,000 | | CityPenticton

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:64460)

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Property Specifications
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
Parking/Garage Spaces:
19
Taxes:
$ 20,843
Floors
Land
Lot Size:
0.53 ac
Neighbourhood Features
Amenities Nearby:
Family Oriented
Ratings
Location
Neighbourhood Details
REALTOR® Details
Agent: Steven Nicholson Office: Macdonald Realty Data provided by: Association of Interior REALTORS®

About the Area

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