Penticton's Slumber Lodge motel sold for $3.55 million

The two-storey Slumber Lodge is directly across from Okanagan Lake and has potential for development

By
for Western Investor
July 5, 2017





slumber lodge
 
A family-friendly motel across from Okanagan Lake has sold for $3.55 million, NAI Commercial reports. 
 
The 46-unit Slumber Lodge is located across from a lakeside casino and Penticton’s downtown core. The two-storey motel has undergone upgrades to its modern rooms and offers the buyer the possibility to expand or develop a portion of the site’s additional land. The hotel is zoned CT1 for tourist commercial and was built in 1960.
 
The Slumber Lodge is located at 274 Lakeshore Dr., Penticton. 
 

Breakdown: 

 
Price: $3,550,000 
No. of Units: 46 
Price/Unit: $77,173
Lot Size: 1.12 acres
Property Type: Hotel  
Zoning: CTI 
2016 B.C. Assessment Value: $3,122,200
Date of Sale: 06/15/2017 
City: Penticton 
Province: B.C. 
Name of Brokerage: NAI Commercial Okanagan 
Name of Vendor: 514932 BC Ltd.
 

 

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Philip is a managing broker for NAI Commercial Okanagan and has over 24 years as a licensed real estate professional.

NAI Commercial Okanagan
105-347 Leon Avenue
Kelowna, B.C. V1Y 8C7
Office: 250-868-1879

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