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:4069)
Address
1070 Lakeshore Drive W Unit# 201 & 202
List Price
$3,995,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Area
British Columbia
Sub-Area
Penticton
Floor Area
6,105 Sq. Ft.
Lot Size
0.23 Ac.
Year Built
2009
Maint. Fee
$1,337.76
MLS® Number
10337260
Listing Brokerage
Unison HM Commercial Realty
Postal Code
V2A1C1
Site Influences
Golf Nearby, Public Transit, Park, Recreation, Schools, Shopping
Features
Level lot, Corner Site
