7414 97 Street, Osoyoos, British Columbia V0H1V5

7414 97 Street
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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 6.95% 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.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

Bathrooms Partial0
HeatingBaseboard heaters
Living Area7500 sqft

Building & Exterior

Year Built1956

Land & Location

City RegionOsoyoos
Lot Size Area1.72 acres
Lot Size Dimensions1.72
Parcel Number011-195-011

Utilities & Services

UtilitiesWater, Sewer, Natural Gas

Listing & Financials

Listing OfficeSotheby's International Realty Canada
Originating System NameAssociation of Interior REALTORS®

Other Specifications

CountryCanada

For Sale

$1,875,000

7414 97 Street, Osoyoos, British Columbia V0H1V5

Beds

-

Baths

-

Living Area

7,500 sqft

Lot Size

1.72 acres

Property Type

Hospitality

Year Built

1956

Listing ID10370254

Location & Map

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