page contents

R Commercial logo CMYK

www.SyberRealty.com

Opportunity Is My Business

Okanagan Spectacular Lake View Motel $4,980,000

Restaurant
Yes - Leased
Lot Size/Acres
1
Year Built
Mixed
Water Service
Municipal
Land and Building Included
Yes
Other Notes
Across the street from the beautiful lake Okanagan

I am pleased to offer this iconic Penticton motel located on the famous Lakeshore Drive. The Crown Resort Motel has been a favorite of visitors to Penticton for decades.  Guests enjoy the quaint cottage-like feel of the resort, and are made to feel at home, which makes them want to return year after year.   

 The property is ideally suited for guests that want to enjoy that idyllic summer vacation. The on-site pool, steps from the beach, nearby restaurants and brewpubs help bring families and friends together creating memories that will last a lifetime! 

 The Crown consists of 30 motel rooms, a leased restaurant, an outdoor heated saltwater swimming pool, a two-bedroom manager’s suite and a two bedroom and den owner’s suite. Most of the motel rooms have views of the lake, and the view from the patio is simply magnificent.  Situated on 1 acre, directly across the street from Okanagan Lake, the location of the Crown Resort Motel cannot be beat!  

 The restaurant is leased on a month-to-month basis to an operator that opens it seasonally and serves a Mexican style menu. It has an excellent patio with view of the lake. 

  One of the hidden secrets of this property is the spectacular owner’s suite which is more accurately, a condo.   Located on the second floor, the owner’s suite has 2 bedrooms and a den, 2 bathrooms, and has an unobstructed view straight up Okanagan Lake. This owner’s suite is above and beyond what you usually see provided in motels.  

  The current owner of about 20 years operates the business essentially on a seasonal basis. There is an opportunity to grow the business to accommodate guests and snowbirds in the off season as well as rent the manager’s suite which is often not used. Simply put the income potential of this property is not maximized.  

 The area is famous for lakes, vineyards, wineries, golf, hiking and biking trails, and excellent dining.  With a lake at either end of the city, Penticton is a small town with all the amenities, and lends itself to a slower pace of life, which is seldom seen in today’s day and age!  

The property has access points on both Lakeshore Drive and Churchill Avenue on the south boundary.  

 This property truly is one of a kind! If you are considering a special opportunity, please add The Crown Resort Motel to your list!  


Community Amenities
950 Lakeshore drive Lakeshore drive
Penticton, BC
Canada
Sale Type: For Sale
MLS #: Exclusive
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent
Total Units
30
Lot Size/Acres
1
Water Service
Municipal
Wastewater Service
Municipal
Residence
Yes - 2 bedroom plus den lake view suite
Other Notes
Across the street from the beautiful lake Okanagan
Restaurant
Yes - Leased
Taxes
$20,429
Year Built
Mixed
Zoning
CT1
Inventory Included
Yes
Kitchen Units
12
Land and Building Included
Yes
Share Sale
Yes
950 Lakeshore drive Lakeshore drive
Penticton, BC
Canada
Sale Type: For Sale
MLS #: Exclusive
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent

Please complete the form below to request information for this property. We will review your request and respond to you as soon as possible. Please add any additional notes or comments that we will need to know about your request.

 
950 Lakeshore drive Lakeshore drive
Penticton, BC
Canada
Sale Type: For Sale
MLS #: Exclusive
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent
Name Location Type Distance

feature listings

Radium Boutique Hotel
Radium Boutique Hotel Radium Hot Springs, BC

I am pleased to offer this 18 Unit Boutique (...)

$1,495,000
Boutique Style Hotel In Nelson BC!
Boutique Style Hotel In Nelson BC! Nelson, BC

Being offered is a unique, stylish boutique hotel (...)

$1,590,000
Elkford Car Wash
Elkford Car Wash Elkford, BC

I am pleased to offer this modern and first-class (...)

$2,050,000
Cold Storage Facility Serving the Silviculture Industry
Cold Storage Facility Serving the Silviculture Industry Williams Lake

I am pleased to offer this unique Cold Storage (...)

$1,398,000
Super 8
Super 8 Merritt, B.C.

32 Unit Super 8 with a Leased Restaurant 2.5 (...)

$3,300,000
Hardware Store
Hardware Store Revelstoke, BC

Being offered is the opportunity to purchase this (...)

$600,000
Excellent 25 Unit Motel
Excellent 25 Unit Motel Barriere, B.C.

Excellent 25 Unit Motel, Nice Living Area and a (...)

$2,150,000
Radium Motel
Radium Motel Radium Hot Springs, BC

I am pleased to offer this 14-unit motel located (...)

$895,000
Liquor Store, Motel, Pub, Leased Restaurant, 3 hours from Calgary
Liquor Store, Motel, Pub, Leased Restaurant, 3 hours from Calgary Elkford, BC

Highly Profitable Liquor Store, Pub and 22 Unit (...)

$3,500,000
Starter Motel in the Kootenay Region
Starter Motel in the Kootenay Region Rossland, British Columbia

11 Unit Motel with a 2 Bedroom Separate Home

$569,000
North Okanagan Franchise Family Restaurant
North Okanagan Franchise Family Restaurant Vernon, BC

Well Established Popular Family Restaurant in an (...)

$450,000
21 Unit Motel
21 Unit Motel Cranbrook, B.C.

21 Unit Motel with Nice Living Accommodation and (...)

$1,399,000 $1,299,000
Nelson Motel
Nelson Motel Nelson, BC

Excellent Motel in a Great Area for Hospitality (...)

$2,999,000
Excellent 24 Unit Motel
Excellent 24 Unit Motel 100 Mile House, British Columbia

Excellent 24 Unit Motel in Great Repair and (...)

$1,739,000 $1,689,000
Radium Boutique Hotel
Radium Boutique Hotel Radium Hot Springs, BC

I am pleased to offer this 18 Unit Boutique (...)

$1,495,000
Elkford Car Wash
Elkford Car Wash Elkford, BC

I am pleased to offer this modern and first-class (...)

$2,050,000
Okanagan Spectacular Lake View Motel
Okanagan Spectacular Lake View Motel Penticton, BC

Beautifully located motel on Okanagan lake

$4,980,000
Kootenay Gas & C- Store
Kootenay Gas & C- Store Invermere, B.C.

Excellent Gas Station, C - Store and More!

$2,699,000 $2,499,000
Okanagan Golf Course
Okanagan Golf Course Okanagan

An Exceptional Property with a 9 Hole Golf Course (...)

$6,980,000
Excellent Motel in Northern BC - Owner May Carry First Mortgage
Excellent Motel in Northern BC - Owner May Carry First Mortgage Fort Nelson, BC

Excellent Starter Motel in Northern British (...)

$695,000
REVELSTOKE - TRANS CANADA HIGHWAY HOTEL SITE
REVELSTOKE - TRANS CANADA HIGHWAY HOTEL SITE Revelstoke, BC

I am pleased to offer this 1.02 Acres Site with (...)

$2,498,000
Radium Hot Springs Restaurant
Radium Hot Springs Restaurant Radium Hot Springs, BC

Excellent, Well Established Successful Restaurant (...)

$1,498,000
Excellent Seasonal Business & Home
Excellent Seasonal Business & Home Radium Hot Springs, BC

Seasonal Ice Cream Business! Excellent (...)

$798,000
Boutique Style Hotel In Nelson BC!
Boutique Style Hotel In Nelson BC! Nelson, BC

Being offered is a unique, stylish boutique hotel (...)

$1,590,000
Cariboo Resort
Cariboo Resort Lac La Hache, BC

Wonderful Waterfront Resort with 4 Separate Titles

$2,200,000
12 Unit Motel with Restaurant
12 Unit Motel with Restaurant Radium Hot Springs, B.C., BC

Unbelievable Views from this motel and restaurant!

$995,000

Translate

enzh-TWtlfrdeitjakoptrues

real estate rules copy2

 RE/MAX Kelowna

  • 100-1553 Harvey Avenue
  • Kelowna, BC
  • V1Y 6G1

Larry (Direct) 250.862.8100

Fax 250.862.8100

email@syberrealty.com