4201 Skaha Lake Road, Penticton
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 NEW listing price reflects a competitive and well-supported offering that delivers an attractive going-in cap rate in the mid-to-upper 7% range (based on current normalized trailing 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:1945)
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Property details for 4201 Skaha Lake Road, Penticton
- Type
- Hospitality
- Lot Size
- 0.53
- Heating
- Baseboard heaters, Forced air, Electric, See remarks
- Cooling
- Window air conditioner, Wall unit
- Annual Taxes
- $20,843
Nearby Listings Stat
Estimated price and comparable properties near 4201 Skaha Lake Road
Active Listings
95
Min Price
$100
Max Price
$3,995,000
Avg Price
$741,775
Days on Market
162
days
Sold Listings
27
Min Sold Price
$49,999
Max Sold Price
$1,775,000
Avg Sold Price
$543,933
Days until Sold
107
days
Neighbourhood Census Data
Penticton 1, British Columbia / Colombie-Britannique
Population
471
Median Age
49.1
Median Income
$33,152
Dwelling Value
$449,674
Housing Tenure
Owners 77%
Renters 26%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.3
Pop. Density: 760.3/km²
Avg Shelter Cost: $1,313/mo
Owners with Mortgage: 53.3%
Owners Spending 30%+: 13.3%
Tenants Spending 30%+: 44.4%
English only: 93.6%
English and French: 4.3%
Neither: 1.1%
Median Household Income: $73,856
Median Employment Income: $28,992
Price History
Listed
June 12, 2026
by Macdonald Realty
Current Price
$3,995,000
-11.1% from last change
Type
Hospitality
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $3,995,000 | $500,000 (-11.1%) |
| Sep 14, 2026 | $4,495,000 | Listed |
Contact Agent Get in touch about 4201 Skaha Lake Road, Penticton
Steven Nicholson
Macdonald Realty