$1,999,999 FOR SALE

Commercial/Retail

7414 97 Street
Osoyoos, BC V0H 1V5

Opportunity to purchase the Boundary Motel, a unique investment opportunity in the Osoyoos area of the South Okanagan! This prime 1.72-acre property in Osoyoos offers a unique investment opportunity with multiple income streams. The property includes a 14-room motel, a 6-plex, and 7 mobile home pads. The motel and 6-plex are zoned C1 (Highway Commercial) while RSM (Residential Manufactured Home Park) zoning encompasses the manufactured home section. The site is serviced by city water and sewer and is located in a high-traffic area along Highway 97 to the South of the primary town of Osoyoos. At the asking price, the property is offered at a 5.71% cap rate, which includes a manager's salary as an expense. For the right investor, this could be an opportunity to continue the existing cash flow of the property and take advantage of lowering interest rates, all being possible without running the motel in a ""hands-on"" way. Several opportunities exist to further increase the property's income stream. Modernizing booking systems, leveraging high season pricing, and renovating the motel, to name a few. Likewise, there is an upside for the manufactured home rents to be increased with tenant turnover. The manufactured homes themselves are not included as assets; they are owned by the tenants. Properties with three separate revenue streams do not often come to market. (id:47423)

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Listed By Sotheby's International Realty Canada
Data Provided By Association of Interior REALTORS®
MLS® Listing Number 10329966
Last Updated Dec 12, 2024
Property Summary
Property Type Commercial/Retail

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Neighbourhood Osoyoos
Price History
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Detailed Information
Listing Contract Date 2024-12-06
Municipal ID 011-195-011
Property Type Hospitality
Transaction Type For sale
Zoning Unknown
Building
Constructed Date 1956
Heating Type Baseboard heaters
Type Other
Utility Water Municipal water
Utilities
Type Description
Natural GasAvailable
SewerAvailable
WaterAvailable
Land
Total Size 1.72 acres
Acreage Yes
Sewer Municipal sewage system
Size of Irregular Land 1.72

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