Unit #201 & 202, 1070 Lakeshore DriveW
MLS® Number: 10362116
$ 3,995,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
2009
YEAR BUILT
An exceptional investment opportunity with two income-producing strata units 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. Opportunity to also acquire the main floor commercial unit for full-building ownership. The property features stunning architectural design with 20-foot ceilings, grand fireplaces, multiple patios with beautiful lake and mountain views, plus secure storage for guest gear. Each unit includes a single-car garage plus additional drive-way parking. Combined strata fees of $1,337.76/month. 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. 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.
| COMMUNITY | |
| PROPERTY TYPE | |
| BUILDING TYPE | |
| STYLE | |
| YEAR BUILT | 2009 |
| SQUARE FOOTAGE | 0 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | |
| AMENITIES | |
| APPLIANCES | |
| COOLING | |
| FIREPLACE | N/A |
| FLOORING | |
| HEATING | |
| LAUNDRY | |
| LOT FEATURES | |
| PARKING | |
| RESTRICTIONS | |
| ROOF | |
| TITLE | |
| BROKER | Unison HM Commercial Realty |
| ROOMS | DIMENSIONS (m) | LEVEL |
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