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$ 3,995,000
Est. payment /mo
Active
1070 Lakeshore DR West #201 & 202 Penticton, BC V2A1C1
6,105 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,105 sqft
Price per Sqft $654
Subdivision Main North
MLS® Listing ID 10337260
Condo Fees $1,337/mo
Originating Board Association of Interior REALTORS®
Year Built 2009
Lot Size 10,018 Sqft
Acres 10018.8
Property Description
An exceptional investment opportunity with two income-producing strata units, fully licensed as a Bed & Breakfast Inn, ideally located across from Okanagan Beach in Penticton's thriving tourism district. Currently operating as Casa Grande Inn & Suites, the property offers multiple income streams with a 4-bedroom inn, a 4-bedroom vacation home, and 2 private-entry lock-off suites, perfect for short or long-term rentals. The C3 Mixed Commercial zoning allows versatile uses, from continuing hospitality operations to residential or commercial conversions, with potential to acquire the main floor commercial unit for full-building ownership. The property features stunning architectural design with 20-foot ceilings, 16-foot fireplaces, multiple patios with beautiful lake and mountain views, plus secure storage for guest gear. Just steps from Okanagan Beach and major attractions, this location ensures year-round demand from tourists and business travelers. Penticton is a high-demand destination with increasing visitor traffic. The property offers immediate cash flow, with flexibility to maximize returns. Each unit includes a single-car garage plus additional drive-way parking. Combined strata fees of $1,337.76/month. Whether continuing the existing business, transitioning to long-term rentals, or securing full ownership, this premium, income-producing asset promises strong cash flow and long-term appreciation. Potential to also acquire the main floor commercial unit. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features Family Oriented, High Traffic Area
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped, Level
Listed by Unison HM Commercial Realty