7414 97 Street, Osoyoos, British Columbia

Boundary Motel

7414 97 Street, Osoyoos, BC

  • CA$1,875,000
  • 1.72 ac Land

Boundary Motel

7414 97 Street, Osoyoos, BC

  • CA$1,875,000
  • 1.72 ac Land

Key Facts

  • MLS® #: 10370254
  • Property ID: SIRC2202304
  • Property Type: Commercial, Other (Commercial)
  • Lot Size¹: 1.72 ac
  • Year Built: 1956

Property Description

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.

Downloads & Media

Amenities

  • Parking

Listing Agents

Ask Us For More Information

*Showing requires confirmation from agent.

Ask Us For More Information

*Showing requires confirmation from agent.

Location

7414 97 Street, Osoyoos, British Columbia, V0H 1V5 Canada

Around this property

Information about the area within a 5-minute walk of this property.

Request Neighbourhood Information

Learn more about the neighbourhood and amenities around this property

Request Now

Payment Calculator

mo.* estimated monthly payment based on:
  • $
  • %$
  • %
  • Principal and Interest 0
  • Property Taxes 0
  • Strata / Condo Fees 0
* This payment calculator’s purpose is to provide a rough estimate for planning and educational purposes only. It should not be used as your sole source of information for financial planning purposes. This tool does not offer a loan nor does it solicit your information, it is also not financial or legal advice. Please contact a qualified professional for your financial advice. No responsibility or liability whatsoever can be accepted by Sotheby’s International Realty Canada or Sotheby’s International Realty Affiliates for any loss or damage resultant from any use of, reliance on or reference to the contents of this payment calculator.

Marketed By

Sotheby’s International Realty Canada
3477 Lakeshore Road, Suite 104
Kelowna, British Columbia, V1W 3S9

Data is deemed reliable but is not guaranteed accurate by the Association of Interior REALTORS®. The information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
¹Square footage refers to the total area of living space within a residential structure or the property lot size. All information regarding lot or house size is deemed reliable but not guaranteed and must be verified by the purchaser. Measurement definitions may vary by region.
Home/British Columbia/Osoyoos/MLS® 10370254