$ 3,080,000

1045 Highway 97, Okanagan Falls

Rare opportunity to acquire a fully leased hospitality investment in the heart of Okanagan Falls. This established 18-room hotel and restaurant has been a fixture in the community for years and offers immediate income with an existing lease in place. Situated on a 0.589-acre parcel with outstanding frontage on Highway 97, the South Okanagan's primary transportation corridor, the property benefits from excellent visibility and year-round exposure. The hotel rooms have been recently renovated with updated furnishings, enhancing the property's appeal and long-term value. With Okanagan Falls expected to become an incorporated municipality in October 2026, the community is entering an exciting period of growth and investment. Highlights: • Fully leased investment property with immediate cash flow • Established hotel and restaurant • 18 renovated guest rooms • 0.589-acre site • Prime Highway 97 location with excellent exposure (id:1945)
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Property details for 1045 Highway 97, Okanagan Falls

Type
Hospitality
Lot Size
0.59

Nearby Listings Stat

Estimated price and comparable properties near 1045 Highway 97

Active Listings
32
Min Price
$133
Max Price
$4,900,000
Avg Price
$980,749
Days on Market
252
days
Sold Listings
7
Min Sold Price
$114,750
Max Sold Price
$985,000
Avg Sold Price
$509,079
Days until Sold
121
days

Neighbourhood Census Data

Okanagan-Similkameen D, British Columbia / Colombie-Britannique

Population
527
Median Age
53.1
Median Income
$33,280
Dwelling Value
$349,213

Housing Tenure

Owners 76%
Renters 25%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.1
Pop. Density: 37.5/km²
Avg Shelter Cost: $914/mo
Owners with Mortgage: 50%
Owners Spending 30%+: 10.5%
Tenants Spending 30%+: 23.1%
English only: 97.2%
English and French: 2.8%
Median Household Income: $64,000
Median Employment Income: $30,400

Price History

Listed
July 2, 2026
by Venture Realty Corp.
Current Price
$3,080,000
Type
Hospitality
For Sale
1045 Highway 97

Contact Agent Get in touch about 1045 Highway 97, Okanagan Falls

Jason Wills
Venture Realty Corp.

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