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Dave Hughes Summerland Real Estate Serving Summerland for over 30 years

Penticton South (Penticton, British Columbia, CA - V2A 6G6)
$3,399,000 CAD Cap rate > 8

Summerland Realty

Dave Hughes
250 494 2181(Office)
250 494 8633(Home)
250 490 7734(Cell)
250 494 5356(Fax)


Type: Commercial
Style:  Commercial
Development Level: Built
Lot Size:  0.862acres 
Year Built: 1978
Taxes: $20,311.36 CAD (2019)
MLS® #: 

Rooms: 32 Units
Two 2-bedroom suites
Nine 1-bedroom suites
Six 2-bedroom studios
4 Semi-kitchens
16 Full kitchens
2 Rooms are 2 queen sleepers
4 - 1 queen
Two 2 King
One 2 double
3 Family sleepers: 1 bedroom and 2 singles
Web Sites:
Recent Upgrades / Improvements:
7 PTAC Units and have 7 on hand for more rooms New windows in 7 rooms
One room totally redone
11 new kitchens
Carpet redone in 2017 in all rooms except one
Amenities and Features:
All rooms are equipped with direct-dial phones, free in-room coffee, and a regularly updated decor. The motel has free hi-speed wi-fi, guests have access to our heated outdoor pool, patio and private picnic area, with gas barbeques. For families with children, there’s a rugged outdoor playground for the children to play in.

Zoning: CT-1
Sewer: Municipal
Water: Municipal
Heat: Electric Baseboard and PTAC Units Cooling: Wall AC Units and PTAC Units Hot Water: Natural Gas
Parking: On Site
Building: 2 wood frame buildings one built in 1968, it has a sloped tar and gravel roof and the second building is wood frame built in about 1978, it has an asphalt shingle roof.
Owner / Manager Suite: Main floor has a living room, dining room, kitchen, bathroom. Second floor has 3 bedrooms and 2 bathrooms. The current owners use the second floor has a rental unit in the high season.
Sign: Owned
Staff: Owners, 1 front desk / maintenance man and up to 7 cleaning staff Swimming Pool: Heated, saltwater
Brokered and Advertised by:
   Nu Stream Realty

Information is deemed to be correct but not guaranteed.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.