Hotels for Sale — Main South, Penticton, BC
$3,995,000
4201 SKAHA LAKE Road, Penticton, BC V2A0K4
Property details
Structured details
- Annual property tax
- $20,842.88
- Lot dimensions
- 0.53
- Structure type
- Other
- Parcel ID (PID)
- 009-151-958
- Parking
- 19 spaces
- Water source
- Well
- Sewer
- Municipal sewage system
- Heating
- Baseboard heaters, Forced air, Electric, See remarks
- Cooling
- Window air conditioner, Wall unit
- Lot features
- Level lot, Private setting
- Community features
- Family Oriented
Listing Information
- MLS®
- 10390057
- Listed
- June 12, 2026
- Time on market
- 94 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
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. (id:63159)
Financing calculator
Estimate your monthly payment on the $3,995,000 asking price.
Financing details
- Monthly debt service
- $38,776
- Cash required at close
- $824,000
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Penticton)
- Population
- 36,885(+9.3% since 2016)
- Population density
- 857.2/km²
- Median household income
- $68,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 17.6%
- Postsecondary below bachelor's
- 33.7%
- High school diploma
- 33.4%
- No certificate/diploma
- 15.3%
Population aged 15 and over.
Commute
- Car, truck or van
- 80.5%
- Public transit
- 1.9%
- Walked
- 12.1%
- Bicycle
- 2.1%
- Other
- 3.4%
Commute duration
- Under 15 min
- 64.3%
- 15–29 min
- 21.2%
- 30–44 min
- 7.3%
- 45–59 min
- 3.4%
- 60+ min
- 3.9%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (1)
- Angry Vegan Organic Juice Bar & Dispensary · 4125 Skaha Lake Road210m
Nearby places data: © OpenStreetMap contributors.
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All in Penticton →Frequently asked questions
What is the asking price for this hotel?
The asking price is $3,995,000.
Where is this business located?
This listing is located in Penticton, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.