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Excellent Okanagan Motel Call for price

Lot Size/Acres
1.14 Acres
Year Built
1963
Water Service
Municipal
Land and Building Included
Yes

I am pleased to offer this wonderful investment opportunity in the sunny Okanagan! Located in Penticton just steps from Lake Okanagan is this 46 or 47-unit motel that has been a family favorite for decades!

The property is ideally suited for guests that want to enjoy that idyllic summer vacation. The beautiful on-site pool, courtyard and incredible gazebo lounge / barbeque area help create a unique experience bringing people together to enjoy a resort experience.

Located across the street from the channel floating launch site, the adventure park and Lake Okanagan a very short walk away, the motel has a great location!

The current owners have developed a model that allows for maximum cash flow with the least amount of effort. They operate from May to October as motel / resort then from November to April they rent on a monthly basis minimizing staffing and keeping a healthy cash flow.

If you are considering an Okanagan hospitality investment this is well worth investigating!


Exterior Amenities
Community Amenities
80 Riverside Drive
Penticton, BC
Canada
Sale Type: Sold
Category: Motels
Larry Berisoff
RE/MAX Kelowna

P: 250-862-8100
Contact Agent
Lot Size/Acres
1.14 Acres
Water Service
Municipal
Wastewater Service
Municipal
Asset Sale
Yes
Residence
Yes
Taxes
$23,789
Year Built
1963
Zoning
CT -1
Land and Building Included
Yes
80 Riverside Drive
Penticton, BC
Canada
Sale Type: Sold
Category: Motels
Larry Berisoff
RE/MAX Kelowna

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

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 RE/MAX Kelowna

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

Larry (Direct) 250.862.8100

Fax 250.862.8100

email@syberrealty.com